The Gold Standard

question 79

Multiple Choice

The gold standard:

• A)has been in operation since the establishment of the Federal Reserve Board.
• B)has been in operation since shortly after World War I.
• C)has been in operation since the Bretton Woods agreement was signed.
• D)was in operation for about 35 years before World War I.
• E)was in operation from the date of the Bretton Woods agreement until the devaluation of the U.S.dollar in 1971.

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Definitions:

English Workhouses

Institutions in England, originating in the 17th century, where those unable to support themselves were offered accommodation and employment.

Enlightenment Period

A cultural and intellectual movement in Europe during the 17th and 18th centuries that emphasized reason, science, and individual rights over tradition and authority.

Mentally Ill

A term referring to individuals who suffer from mental disorders that affect their mood, thinking, and behavior.

Paracelsus

A Swiss physician and alchemist of the early Renaissance, regarded as the father of toxicology, who emphasized the importance of observation in medicine.