Subjects>Law & Government>United States Government

Why did gold skyrocket in the late 1970's?

Anonymous

∙ 13y ago

Updated: 11/9/2022

1. the gold standard backing the US dollar was no longer supported by the government so many people in a panic invested in gold

2. There were several short recessions, the value of the dollar went down, so people invested in gold because its value does not decrease.

Wiki User

∙ 13y ago

What else can I help you with?

What does in the late 1970s mean?

The late 1970s refers to the years in the latter half of the decade between 1970 and 1979. So the late 1970s will be the years 1976 to 1979.

Which nation invaded Afghanistan in the late 1970?

The Soviet Union invaded Afghanistan in the late 1970s.

Was Mario in the 1970s?

no, he was introduced in the late 1980s

When were ATMs introduced in Australia?

Late 1970s I think

Which nation invaded Afghanistan in the late?

The Soviet Union invaded Afghanistan in the late 1970s.

What style of jewelry did women wear in the 1970s?

gold.

Who had The Hospitality State on its late-1970s license plates?

Mississippi

What did people wear in the late 1970s?

They wore colourful clothes!

Where did floor hockey gain its popularity?

Europe, late 1970s.

Was NOT an issue facing Americans in the late 1970s?

The war in Afghanistan was not an issue for American in the late 1970's.

What state had The Hospitality State on its late-1970s license plates?