bimetallism (Meaning)

Wordnet

bimetallism (n)

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

Webster

bimetallism (n.)

The legalized use of two metals (as gold and silver) in the currency of a country, at a fixed relative value; -- in opposition to monometallism.

Synonyms & Antonyms of bimetallism

No Synonyms and anytonyms found

bimetallism Sentence Examples

  1. Bimetallism was a prominent monetary policy during the 19th century in many countries.
  2. The United States adopted bimetallism with the Coinage Act of 1792, establishing a fixed ratio between gold and silver.
  3. Bimetallism allowed citizens to use either gold or silver to settle debts and conduct transactions.
  4. The debate over bimetallism versus the gold standard was a significant issue in American politics during the late 19th century.
  5. Proponents of bimetallism argued that it provided more flexibility in the money supply and stabilized prices.
  6. Bimetallism faced criticism from some economists who believed it could lead to currency instability and inflation.
  7. The transition from bimetallism to the gold standard in the United States occurred with the passage of the Gold Standard Act of 1900.
  8. Bimetallism played a role in international trade, as countries with different metal ratios had to adjust exchange rates accordingly.
  9. The decline of bimetallism was influenced by factors such as discoveries of new gold and silver deposits and changing economic conditions.
  10. Despite its eventual decline, bimetallism remains a topic of interest among economists and historians studying monetary policy.

FAQs About the word 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 predetermin

No synonyms found.

No antonyms found.

Bimetallism was a prominent monetary policy during the 19th century in many countries.

The United States adopted bimetallism with the Coinage Act of 1792, establishing a fixed ratio between gold and silver.

Bimetallism allowed citizens to use either gold or silver to settle debts and conduct transactions.

The debate over bimetallism versus the gold standard was a significant issue in American politics during the late 19th century.