The Gold Standard ______

The Gold Standard ______.

A) failed because it sparked massive hyperinflation in the postwar German economy
B) while tremendously stable for international prices, was eventually deemed ineffective and detrimental to market stability because of newly independent colonies' ability to build wealth through mining
C) is similar to today's system in which exchange rates of the world's currencies generally float, meaning the value of currencies goes up and down according to the world's demand for gold
D) allowed, in the participating major economies, for the exchange of currencies based on their value in relation to a specific amount of gold