the gold standard was: a. when countries fixed the value of their currency to gold b. the highest quality of bonds on the international market c. when the u.s. pegged the dollar to gold and other states pegged their currency to the u.s. dollar d. a type of measurement of developmen

Almost all nations used the Gold Standard, a system in which the value of each nation's currency was fixed in terms of a certain amount of gold or linked to another nation's currency that did the same.

What exactly is the gold standard, and when did it end?

When Congress passed a joint resolution eliminating the authority of creditors to demand payment in gold on June 5, 1933, the United States left the gold standard, a monetary system in which currency is backed by gold.

The gold standard was applied when?

The "classical gold standard" spanned the years 1880 to 1914. The majority of nations at that time supported gold to varied degrees. Additionally, there was unheard-of economic expansion during this time, and traffic in products, labor, and capital was mostly unrestricted.

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