History, 26.10.2019 13:43 augestfaith
Before the great depression, the united states used gold to back up the currency it issued. why was the use of this gold standard most likely a factor which led to great depression?
a) the government could not issue more currency than it had gold.
b) the government could not back currency with metals such as silver.
c) other countries used up most of the gold to back their own currency.
d) the cost of world war i used up the governmentâs supply of gold.
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