How did staying on the cold standard make the Great Depression worse?

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asked Dec 2, 2024 128k views

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Prashant Gaur · Answer 1 · 2024-12-06T15:45:24+0000

Answer:

In addition, by forcing countries to deflate along with the United States, the gold standard reduced the value of banks' collateral and made them more vulnerable to runs.

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How did staying on the cold standard make the Great Depression worse?

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