Chapter
The Problems with Going off the Gold Standard
56:24 - 1:01:46 (05:21)
This podcast discusses the problems caused by going off the gold standard and how justifications were made to cover up those issues. The value of goods produced is compared to market value and explained how it relates to the gold standard.
Clips
The gold standard, which led to the abandonment of gold for currency, caused various economic problems.
56:24 - 1:01:46 (05:21)
Gold Standard
Summary
The gold standard, which led to the abandonment of gold for currency, caused various economic problems. Governments continued to lie about it, stating that they were still on the gold standard but this contributed to the problems.