- the use of one metal only, as gold or silver, as a monetary standard.
- the doctrine or actions supporting such a standard.
Origin of monometallism
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for monometallism
In such a case there is bimetallism de jure, but monometallism de facto.The Principles of Economics
Frank A. Fetter
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
His factitious and absurd device is therefore not bimetallism, but monometallism on a basis of gold.The Arena
- the use of one metal, esp gold or silver, as the sole standard of value and currency
- the economic policies supporting a monometallic standard