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

England had in 1816, when she adopted gold monometallism, about $10,000,000,000 in property and had in 1873 about $40,000,000,000.

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

They who created the administration, they who determine and will continue to determine its action, openly sneer at any system of money except the gold-based system of monometallism.

From The Arena Volume 18, No. 93, August, 1897 by Various

Mr. Goschen and I were together in the conference in Paris; both of us were sturdy defenders of gold monometallism; but I have changed my mind.

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

In order to defend themselves from a flood of cheap and cheapening silver, the Florentine authorities adopted a virtual gold monometallism.

From The History of Currency, 1252 to 1896 by William Arthur Shaw

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 John W. Bookwalter

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