monometallism

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

/ ˌmɒn əˈmɛt lˌɪz əm /

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noun

the use of one metal only, as gold or silver, as a monetary standard.

the doctrine or actions supporting such a standard.

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Origin of monometallism

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

OTHER WORDS FROM monometallism

mon·o·met·al·list, noun

Words nearby monometallism

monomelic, monomer, monomeric, monomerous, monometallic, monometallism, monometer, monomethylamine, monomial, monomode, monomolecular

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

How to use monometallism in a sentence

Her statesmen believed the geologists rather than the panic-stricken financiers, and so she held for gold monometallism.
If Not Silver, What?|John W. Bookwalter
She paid it with a rapidity that amazed the world, but in her hour of weakness she consented to gold monometallism.
If Not Silver, What?|John W. Bookwalter
Finance was on the carpet in that hour, and bimetallism and monometallism, silver versus gold, were in everyone's mouth.
The President|Alfred Henry Lewis
In such a case there is bimetallism de jure, but monometallism de facto.
The Principles of Economics|Frank A. Fetter

Thus Japan ultimately drifted into silver monometallism, the silver yen becoming her unit of currency.
Encyclopaedia Britannica, 11th Edition, Volume 15, Slice 2|Various

British Dictionary definitions for monometallism

monometallism

/ (ˌmɒnəʊˈmɛtəˌlɪzəm) /

noun

the use of one metal, esp gold or silver, as the sole standard of value and currency

the economic policies supporting a monometallic standard

Derived forms of monometallism

monometallist, noun

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012