During the Late Nineteenth Century, the Gold Standard Was a Subject

Multiple Choice

During the late nineteenth century, the gold standard was a subject of controversy. Why?

A) Businesses resented fixed exchange rates because of their inability to raise or lower prices.
B) Gold flows were erratic and resulted in a series of large economic swings-booms and busts.
C) Prices were stable and predictable, but profits fell.
D) Governments cheated on printing money, causing inflation problems all over the world.