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Why did Britain end the gold standard in 1931?
ADiscovery of new gold mines
BCollapse of the international monetary system during the Depression
CIncrease in gold production in South Africa (typical)
DHigher demand for gold ornaments
Answer & Solution
Correct answer: B. Collapse of the international monetary system during the Depression
1. NCERT discusses interwar monetary chaos.
2. The Great Depression triggered massive capital flight, gold drains and bank failures.
3. Britain abandoned the gold standard in 1931 — its monetary system could no longer sustain it.
_Source: NCERT Class 10 History India and the Contemporary World - II, Ch 3 "The Making of a Global World", §Depression ¶3_
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