The Great Depression in Pictures

Gold Is Gone

One of the most significant developments of the Great Depression was the global revocation of the gold standard for the economy.

In fact, each country’s leaving the gold standard coincided with the severity of the economic Depression they suffered, and how long it lasted.

Gold Is Gone

Naturally, Herbert Hoover railed against the move, saying doing so was the first step toward “communism, fascism, socialism, statism, and a planned economy.”

It was inevitable that the US’s Great Depression languished on and worsened over time with many misconceptions like these.