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:

Mitosis

Mitosis is a type of cell division that results in two daughter cells each having the same number and kind of chromosomes as the parent nucleus, typical of ordinary tissue growth.

Cleavage

A cellular division process in early animal embryo development, where the zygote undergoes multiple cell divisions without growth, leading to a multicellular stage.

Karyotype

The number and appearance of chromosomes in the nucleus of an eukaryotic cell. The term is also used for the complete set of chromosomes in a species or an individual organism.

G₂ Phase

A phase in the cell cycle where a cell has completed DNA synthesis and enters a period of growth and preparation for mitosis.