The Gold Standard Was Dissolved in 1973 Because

question 20

Multiple Choice

The gold standard was dissolved in 1973 because

• A) the U.S. printed too many dollars to maintain gold at $35/oz
• B) some countries preferred to hold gold instead of dollars
• C) high interest rates raised the cost of holding gold
• D) a and b only

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Definitions:

Wars

Armed conflicts between states, societies, or groups, characterized by the use of force to achieve political or social objectives.

Irrigation Systems

Engineered networks designed to transport water to areas where it is needed for agricultural production, improving crop yields in arid and semi-arid regions.

Pueblo Indians

Native American people, historically known for living in pueblo-style dwellings, primarily located in the Southwestern United States.