1. Canada - The Consequences of the Great Depression
... the reason, but many of them agree on the international gold standard theory. "By 1914, most developed countries had adopted the gold standard with a fixed exchange rate between their national currency and gold." In World War I, European nations went off the gold standard to print money. Most importantly there was too much cash created during World War One. Gold exchange ... a boatload of money, and people had rushed into banks like a bat out of hell. In downtown New York it was reported that a clerk from a hotel asked people for a room for sleeping, or for jumping. Since the people wer...
- Word Count: 1284
- Approx Pages: 5
- Has Bibliography
- Grade Level: High School