When the United States Ended Its Involvement in the Bretton

question 10

Multiple Choice

When the United States ended its involvement in the Bretton Woods System in 1971, which of the following was not true?

• A) The United States was selling gold for $35 an ounce.
• B) Several governments were buying large quantities of gold from the United States.
• C) Governments throughout the world denounced President Nixon for leading the United States departure from the gold standard.
• D) The United States had to essentially force other countries to revalue their currencies against the dollar.
• E) According to Taylor and Papell's text, all of the above are true.

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Definitions:

Christopher Columbus

An explorer from Italy who undertook four journeys across the Atlantic, paving the path for extensive European exploration and settlement in the Americas.

Mound Builders

Indigenous peoples of North America who constructed various styles of earthen mounds for religious, ceremonial, and burial purposes.

Indian Freedom

This term could refer to the collective freedom and independence movements of various indigenous peoples, but without additional context, its specific meaning is unclear. NO.

New World

A term historically used to describe the Western Hemisphere, especially the Americas, following their discovery by European explorers.