bimetallism

American  

[bahy-met-l-iz-uhm] / baɪˈmɛt lˌɪz əm /

noun

1. the use of two metals, ordinarily gold and silver, at a fixed relative value, as the monetary standard.

2. the doctrine or policies supporting such a standard.

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bimetallism British  

/ baɪˈmɛtəˌlɪzəm /

noun

1. the use of two metals, esp gold and silver, in fixed relative values as the standard of value and currency

2. the economic policies or doctrine supporting a bimetallic standard

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Other Word Forms

• bimetallist noun
• bimetallistic adjective

Etymology

Origin of bimetallism

First recorded in 1875–80; bi- ¹ + metal + -ism

Example Sentences

This action ended bimetallism and placed the United States on the gold standard.

From Encyclopedia.com

Milton Friedman wrote an excellent article in 1990 on the issue of bimetallism revisiting the U.S. historical account.

From Forbes

He practised law in Cincinnati, and then in Pomeroy until 1885, when he gave up law for the advancement of bimetallism.

From Project Gutenberg

In a late issue of the London Economist, that of April 26, 1890, I find an editorial article relating to the recent discussion on bimetallism in the British House of Commons.

From Project Gutenberg

On the mere ground of first principles, therefore, it is inadmissible to make argumentative use of this event, known as the Bank Restriction, for judgment and illustration in the wider question of bimetallism.

From Project Gutenberg