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Gold standard caused governments not to print money freely,
so limiting inflation to zero
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∙ 13y ago
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What did gold standard cause?
Deflation for everyone
What was not a cause of the savings and loan crisis of the 1980's?
The Gold Standard
What were the two opposing claims for the cause of the Panic of 1893?
- government purchases of silver -the gold standard
Who was the first to adopt the gold standard?
The gold standard was first adopted in Britain in 1821Read more: gold-standard
What does the G stand for in penicillin G?
penicillin G stands for the phrase gold standard, as in gold standard penicillin.
Who opposed gold standard?
the democrats opposed the gold standard. the republicans supported it.
Who is the gold standard in WWE?
gold standard, is the nickname (gimmick) of Shelton Benjamin
When was Gold Standard Laboratories created?
Gold Standard Laboratories was created in 1993.
What are the disadvantages and advantages of the gold exchange standards?
1) An international gold standard has both positive and negative attributes. Currencies that are backed by gold maintain very stable exchange rates over long periods of time. This encourages international trade and investments, which help the global economy grow. A gold standard also creates a situation in which any errors in exchange rates are automatically corrected by the movement of gold. In addition to these advantages, the gold standard is also a good defense against inflation. Backing currency with gold is a great idea but a true gold standard is not plausible, the amount of gold being minted today is not enough to keep back our currency 100%. It would lead to insufficient international monetary reserves, which would hurt world trade and investment, and even cause global deflation. Also, the rules of the gold standard can not be strictly enforced with can cause problems.
How many countries use the gold standard?
There are no countries today that are using the gold standard.
Is the US using the gold standard for 2010?
No, they stopped using the gold standard in 1971
What is a a monetary standard in which one ounce of gold equaled a set number of dollars?
gold standard
