According to Obstfeld and Taylor,which era was characterized by continuously increasing capital openness as more and more countries adopted the gold standard and expanded international relations?
A)1776-1860
B)1860-1914
C)1914-1945
D)1945-1971
E)1971-2000

Question

Quizplus · Accepted Answer

Obstfeld and Taylor argue that the period from 1860 to 1914 was characterized by increasing capital openness as more countries adopted the gold standard and expanded international relations. This era is also known as the first era of globalization, as it saw unprecedented growth in international trade and investment.

According to Obstfeld and Taylor,which Era Was Characterized by Continuously