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

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

From Modern Economic Problems Economics Volume II by Frank Albert Fetter

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 John Stuart Mill

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

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

"We are unalterably opposed to monometallism, which has locked fast the prosperity of an industrial people in the paralysis of hard times," proclaimed the report of the committee on resolutions.

From The Agrarian Crusade; a chronicle of the farmer in politics by Solon J. (Solon Justus) Buck

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