During the Great Depression era, what happened to the gold standard?
A) It remained the same.
B) It flourished and prospered.
C) It broke down completely.
D) It was replaced by a new system of centralized control.

Question

Quizplus · Accepted Answer

The Great Depression marked the breakdown of the gold standard as countries abandoned it in order to combat deflationary pressures and stimulate their economies. One by one, countries abandoned the gold standard until it effectively disappeared as a global monetary system.

During the Great Depression Era, What Happened to the Gold