Explain some of the events surrounding the collapse of the gold standard in both the 1930’s...

Explain some of the events surrounding the collapse of the gold standard in both the 1930’s only. Describe the US policy around these falls and some of its consequences. For some context, Milton Friedman, identified the policy of tight money, as the main reason the Great Depression was the longest and deepest business cycle of the 20th century. If so, what was their rationale at the time?

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Rahul Sunny answered 1 year ago

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