meaning of bimetallism

bimetallism meaning in General Dictionary

The legalized using two metals as gold-and-silver in the money of a country at a set general price versus monometallism

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  • a monetary standard under that the fundamental product of money is defined by reported quantities of two metals (usually gold and silver) with values set at a predetermined proportion
  • The legalized usage of two metals (as gold-and-silver) into the currency of a nation, at a set general worth; -- in opposition to monometallism.

bimetallism meaning in General Dictionary

(n.) The legalized usage of two metals (as gold and silver) in money of a country, at a set relative worth; -- against monometallism.


Sentence Examples with the word bimetallism

His principal publications were Essays on Finance (1879 and 1884), The Progress of the Working Classes (1884), The Growth of Capital (1890), The Case against Bimetallism (1892), and Economic Inquiries and Studies (1904).

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