monometallism

[ mon-uh-met-l-iz-uhm ]

noun

1. the use of one metal only, as gold or silver, as a monetary standard.
2. the doctrine or actions supporting such a standard.

monometallism

/ ˌmɒnəʊˈmɛtəˌlɪzəm /

noun

1. the use of one metal, esp gold or silver, as the sole standard of value and currency
2. the economic policies supporting a monometallic standard

Derived Forms

• ˌmonoˈmetallist, noun

Other Words From

• mono·metal·list noun

Word History and Origins

Origin of monometallism¹

First recorded in 1875–80; mono- + (bi)metallism

Example Sentences

Her statesmen believed the geologists rather than the panic-stricken financiers, and so she held for gold monometallism.

From Project Gutenberg

She paid it with a rapidity that amazed the world, but in her hour of weakness she consented to gold monometallism.

From Project Gutenberg

Finance was on the carpet in that hour, and bimetallism and monometallism, silver versus gold, were in everyone's mouth.

From Project Gutenberg

In such a case there is bimetallism de jure, but monometallism de facto.

From Project Gutenberg

Thus Japan ultimately drifted into silver monometallism, the silver yen becoming her unit of currency.

From Project Gutenberg