josheale8471 josheale8471
  • 02-04-2018
  • Social Studies
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What happened to the gold standard in 1933?

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MsClementine
MsClementine MsClementine
  • 14-04-2018
The US currency went off the gold standard.

The Great Depression was causing people to hoard gold. So using gold to back the dollar was no longer feasible because gold was untenable. Franklin Roosevelt made the decision to take the US off of gold.
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