What did president roosevelt refuse to do at the London conference of 1933?

1 answer

Answer

1254806

2026-05-05 01:06

+ Follow

At the London Conference of 1933, President Franklin D. Roosevelt refused to return to the gold standard, which was a key request from other nations seeking to stabilize their currencies during the Great Depression. He believed that adhering to the gold standard would limit the U.S. government's ability to expand its money supply and implement necessary economic recovery measures. Roosevelt's stance ultimately contributed to the conference's failure, as it hindered efforts to achieve international monetary cooperation.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.