Oakland Community College The Gold Standard Discussion

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Oakland Community College The Gold Standard Discussion

Economics, Oakland Community College

Oakland Community College The Gold Standard Discussion

Description

Click here to watch the video and answer the questions below.

What is the gold standard?
What was the value of the dollar worth before WWI?
How does a gold standard work? That is, how did an individual do its banking under the
gold standard?
Why did the US leave the gold standard?
The US gradually left the gold standard. List the two major times in history when this
happened.
What are the advantages AND disadvantages of being on a gold standard?
In your opinion, should the U.S. go back to a gold standard? Explain. Minimum 5
sentences.

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