Consider that during the beginning of the Great Depression, the U.S. was still on the gold standard.
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Consider that during the beginning of the Great Depression, the U.S. was still on the gold standard. This meant that the U.S. government promised to exchange dollars for a specific quantity of gold. Under the gold standard, the government had to continue to pay out gold at the fixed rate and, if there was a fall in demand for U.S. dollars, gold would flow out of the country. How did the gold standard impact the Great Depression?
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International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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