Why did President Roosevelt want to take the United States off of the gold standard during the Great Depression?

A

He wanted to increase the value of the dollar

B. He wanted to decrease the money supply

c. He wanted to give the Treasury more power

D. He wanted to give the Fed more power

Question

History

Howard

12 September, 12:07

Why did President Roosevelt want to take the United States off of the gold standard during the Great Depression?

A

He wanted to increase the value of the dollar

B. He wanted to decrease the money supply

c. He wanted to give the Treasury more power

D. He wanted to give the Fed more power

+2

Answers (1)

Know the Answer?

Sanai Kline · Answer 1

A. increase the value of the dollar?

Explanation:

not sure. But in the Depression he did this to allow our government to pump more money into the economy and lower interest rates. Sounds correct huh?

Why did President Roosevelt want to take the United States off of the gold standard during the Great Depression?AHe wanted to increase the value of the dollarB. He wanted to decrease the money supplyc. He wanted to give the Treasury more powerD. He wanted to give the Fed more power

Why did President Roosevelt want to take the United States off of the gold standard during the Great Depression?

A

He wanted to increase the value of the dollar

B. He wanted to decrease the money supply

c. He wanted to give the Treasury more power

D. He wanted to give the Fed more power