monometallist (Meaning)
Webster
monometallist (n.)
One who believes in monometallism as opposed to bimetallism, etc.
Synonyms & Antonyms of monometallist
No Synonyms and anytonyms found
monometallist Sentence Examples
- The monometallist advocated for a monetary system based solely on one metal, such as gold.
- Monometallists believed a single metallic standard would stabilize the economy and prevent inflation.
- William Jennings Bryan, a prominent monometallist, campaigned on the "crown of thorns" speech, advocating for a silver standard.
- The Gold Standard Act of 1900 established the United States as a monometallist nation with a gold-backed currency.
- Monometallists argued that a fixed supply of money would foster economic growth by preventing inflation and uncertainty.
- The British economist Walter Bagehot was a vocal opponent of monometallism, advocating for a multi-metal standard.
- During the Great Depression, many countries abandoned monometallism and adopted paper currencies instead.
- The Bretton Woods Agreement of 1944 established a semi-monometallist system, with the U.S. dollar pegged to gold and other currencies pegged to the dollar.
- In recent decades, monometallism has regained some popularity among alternative economists who advocate for a return to a gold standard.
- The monometallist perspective continues to influence monetary policy debates, despite its diminishing prevalence in modern macroeconomic theory.
FAQs About the word monometallist
One who believes in monometallism as opposed to bimetallism, etc.
No synonyms found.
No antonyms found.
The monometallist advocated for a monetary system based solely on one metal, such as gold.
Monometallists believed a single metallic standard would stabilize the economy and prevent inflation.
William Jennings Bryan, a prominent monometallist, campaigned on the "crown of thorns" speech, advocating for a silver standard.
The Gold Standard Act of 1900 established the United States as a monometallist nation with a gold-backed currency.
