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Question 1 of 10
How did the gold standard affect the U.S. economy?
A. It prevented businesses from sending any gold out of the country.
B. It forced people to use gold coins to pay their federal taxes.
C. It ensured that each dollar was worth a specific amount of gold.
D. It drastically reduced the value of U.S. dollar in foreign markets.
SUBMIT

Respuesta :

Answer: it ensured that each dollar was worth a specific amount of gold

Explanation:A P E X

The gold standard affect the U.S. economy by ensuring that each dollar was worth a specific amount of gold.

What was the impact of the gold standard on the U.S. economy?

The gold standard has provided a strong base for reducing economic crises that may create recession situations. It means it would lead to higher employment and income rate for citizens.

Therefore, the prices of gold increased up to $35 which affected government and central banks NOT to control the money supply easily.

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