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

Question

asked Dec 2, 2024 128k views

1 Answer

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.

Step-by-step explanation:

Hope it helps:)

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

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

No related questions found

Other Questions