bimetallism


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Words related to bimetallism

a monetary standard under which the basic unit of currency is defined by stated amounts of two metals (usually gold and silver) with values set at a predetermined ratio

References in periodicals archive ?
Although government intervention was proximately responsible both for the rise of bimetallism and for its eventual abandonment in favor of gold monometallism, as the size of the gold standard network increased, economic considerations alone encouraged governments and private traders alike to take part in it.
After Bryan's defeat by McKinley in the 1896 presidential election, bimetallism as a political agenda died.
Many British monetary economists were interested in determining what monetary reforms would be appropriate for India after the depreciation of silver that was caused by the abandonment of bimetallism in several countries in the 1870s.
Bryan put himself through an intensive self-taught course on monetary policy and bimetallism, leaning heavily on the arguments of "Coin" Harvey.
Role of the state | The Clash of Economic Ideas reviews many other economic issues: how the market is a continual bidding process; how trade protectionism is like dumping rocks in your own harbors in order to counter some other government doing so in its own country's harbors; how goods take their values not from the labor expended in making them, but from the preferences of consumers; what is deadweight loss; what is Ricardo's rent; what is the land tax proposed by Henry George; how bimetallism cannot work; how deficit spending is not a free lunch; what Ricardian equivalence means; and so on.
The tariff was patriotic and the key to prosperity, bimetallism was the solution to the currency question, and free elections should involve neither force nor fraud.
The golden calf was not cited by William Jennings Bryan at the Democratic National Convention in 1896 when he employed other biblical imagery to condemn the gold standard in support of bimetallism.
Nowadays, the equivalent of the adjustment mechanism in the early modern world of bimetallism would be a fall in, say, Greek wage costs paid in the national currency, as long as it was traded at a discount.
Loser William Bryan slipped into history but bimetallism lived on for a little in the think tanks of the day.
Gold clauses became popular in times of monetary uncertainty, as with the silver risk created by the bimetallism movement of the 1880-90s.
The country was divided on whether to stay on the gold standard or switch to gold-silver bimetallism.
Rothbard about the struggle to resume normalcy in monetary matters after the war, with the resumption of redemption in specie, is about the compromise on bimetallism and silver purchases that in 1879 came into being along with the return to a redeemable currency.
Ceramic posts offer mechanical properties very close to those of dental alloys and, in addition, excellent aesthetics and biocompatibility, because they eliminate the risk of corrosion, bimetallism and allergic reactions and allow light transmission through the post structure (Mannocci et al.
The disadvantage of these methods is that the prosthetic work is fixed on prosthetic blunts only by cementing and can only be removed by cutting and the emergence of bimetallism and corrosion.
The goal of bimetallism, where the monetary standard is a ratio of gold to silver as fixed by government mandate, was a return to increasing the money supply due to the abundance of silver while hiding under the banner of hard currency by using a commodity.