Question

Which statements explain the effects of the gold standard? Choose two correct answers.

The government made investments in gold mines.
When the stock market crashed, people began to hoard gold.
The government was not able to restrict buying on margin.
The gold standard led to an artificial increase in stock value.
The supply of gold limited the amount of money available.

Answer 1

B. When the stock market crashed, people began to hoard gold.

E. The supply of gold limited the amount of money available.

Answer 2

The gold made a gold mine and the stock an investment market crashed so therefore the government was not great. So the two effects of the gold mine was the investment market crashed and that made the government sad so yeah.