Why Did the United States Abandon the Gold Standard in the 1930s

question 224

Multiple Choice

Why did the United States abandon the gold standard in the 1930s?

• A)The government wanted to rapidly expand the money supply in response to the Great Depression.
• B)The government wanted to move away from a floating exchange rate system to a fixed exchange rate system.
• C)The Treasury Department in the United States found it was cheaper to print paper money instead of gold coins.
• D)New sources of gold were discovered,so the price of gold plummeted,dramatically reducing the value of the dollar.

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Definitions:

Metabolism

The set of life-sustaining chemical reactions in organisms that involve the conversion of food to energy, the construction of proteins and nucleic acids, and the breakdown of waste products.

Fats

Nutrients that give energy, support cell growth, and help in the absorption of certain vitamins.

Niacin

A water-soluble B vitamin (B3) that is essential for energy metabolism and the health of the nervous system, skin, and digestive system.

GERD

Gastroesophageal Reflux Disease, a chronic condition where stomach acid flows back into the esophagus, causing heartburn and other symptoms.