The Gold Standard Had Two Main Drawbacks: (1)______________ and (2)_____________

question 27

Short Answer

The gold standard had two main drawbacks: (1)______________ and (2)_____________.

---

Definitions:

Risk Of Harm

The potential for individuals to experience injury, damage, or loss as a result of certain actions or events.

Negligence Per Se

The doctrine that provides that a conclusive presumption of breach of duty arises when a defendant has violated a statute and thereby caused a harm the statute was designed to prevent to a person the statute was designed to protect.

Foreign Nation

A country that is located outside one's own country and is governed by a separate legal and political system.

Punitive Damages

Punitive Damages are monetary compensation awarded to a plaintiff, over and above actual damages, intended to punish the defendant for particularly egregious conduct and deter future similar acts.