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

Etymology

Origin of monometallism

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

Example Sentences

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 Brinkley, F. (Frank)

Let us turn for a moment and trace the effects of monometallism in England as compared with bimetallism in France during the same period.

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

In England, where it has not become a political question, and no one is interested in denying the facts, monometallists almost universally concede the appreciation of gold and defend monometallism on that ground.

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

They say that, in spite of all devices to the contrary, we must have monometallism any how, and always on the basis of the cheaper metal.

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

In several volumes on the “Régime des manufactures” he described the condition of the silk, woolen, cotton, and iron industries.70.The most vigorous advocate of monometallism in France.

From Principles Of Political Economy Abridged with Critical, Bibliographical, and Explanatory Notes, and a Sketch of the History of Political Economy by Mill, John Stuart