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In page Gold standard:
"The U.S. did not suspend the gold standard during the war. The new Federal Reserve intervened in currency markets and sold bonds to "sterilize" some of the gold imports that would have otherwise increased the stock of money.[citation needed] By 1927 many countries had returned to the gold standard.[6] As a result of the World War the United States, which had been a net debtor country, had become a net creditor by 1919.[7]
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