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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