what would happen if world finances went back to the gold standard?

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what would happen if world finances went back to the gold standard?

2007-09-18 03:15:07 · 2 answers · asked by Anonymous in Social Science ➔ Economics

2 answers

Good question. Are you aware that the great depression was caused when Brittan got off the gold standard?

Dr. Greenspan writes about the gold standard. It's a very good read.

2007-09-18 03:46:04 · answer #1 · answered by Dr Jello 7 · 1⤊ 0⤋

A lot of nations would become bankrupt as only a few nations still have gold reserves to back up their currency.

2007-09-18 10:33:10 · answer #2 · answered by sheikhlaodum 3 · 1⤊ 0⤋