What happened to the gold standard in 1933?

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asked Apr 18, 2019 90.4k views

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Span · Answer 1 · 2019-04-22T18:44:20+0000

The US currency went off the gold standard.

The Great Depression was causing people to hoard gold. So using gold to back the dollar was no longer feasible because gold was untenable. Franklin Roosevelt made the decision to take the US off of gold.

What happened to the gold standard in 1933?

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