monometallism

American  

[mon-uh-met-l-iz-uhm] / ˌmɒn əˈmɛt lˌɪz əm /

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.

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monometallism British  

/ 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

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Other Word Forms

• monometallist
  noun

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Etymology

Origin of monometallism

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

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Example Sentences

See Examples For:

monometallism

Another class who may have disapproved of both gold monometallism and protection, but who regarded expansion as the all-important question, supported the Republican party because of its attitude in this matter.

From The Spirit of American Government A Study Of The Constitution: Its Origin, Influence And Relation To Democracy by J. Allen (James Allen) Smith

Even in so conservative a country as England they have, since adopting monometallism, had a severe currency panic every four years, and a great industrial depression on an average once in seven years.

From If Not Silver, What? by John W. Bookwalter

It has always been declared by the bimetallists that the successor of gold monometallism will be paper, and Germany is expected to go upon a paper rather than a silver basis.

From The Audacious War by Clarence W. (Clarence Walker) Barron

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

From Modern Economic Problems Economics Volume II by Frank Albert Fetter

It remains to be noted that, in 1897, Japan took the momentous step of adopting gold monometallism.

From A History of the Japanese People From the Earliest Times to the End of the Meiji Era by F. (Frank) Brinkley

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