Taking the United States off the gold standard would stop the run.
The currency went off the gold standard, allowing trade to recover.
Once the US went off the gold standard, it became free to engage in such money creation.
He adds: "It's like taking the dollar off the gold standard."
Furthermore, Britain was in crisis, having been recently forced off the gold standard.
He finished in 2:36, well off the qualifying standard.
Its day was a bit long, but not more than an hour off the standard and hardly a matter of concern.
Major building developments took place in the 1930s, after South Africa went off the gold standard.
Fluctuating price levels (especially deflation) are bad for the economy, and so in 1929-1936, countries went off the gold standard.
To deal with deflation, the nation went off the gold standard.