noun
definition
The use of a monetary standard based upon two different metals, traditionally gold and silver usually in a fixed ratio of values.
Examples of bimetallism in a Sentence
As editor of the Omaha World-Herald he then championed the cause of bimetallism in the press as vigorously as he had in Congress and on the platform, his articles being widely quoted and discussed.
Cernuschi is best known for his publications on financial questions, more especially bimetallism.
In the German Reichstag he was the leading authority on matters of finance and economics, as well as a clear and persuasive speaker, and it was chiefly owing to him that a gold currency was adopted and that the German Imperial Bank took its present form; in his later years he wrote and spoke strongly against bimetallism.
In 1888 Mr Balfour served on the Gold and Silver Commission, currency problems from the standpoint of bimetallism being among the more academic subjects which had engaged his attention.
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).
He was appointed in 1887 a special commissioner to report upon the status of bimetallism in Europe.
The supply of gold, and also its relation to the supply of silver, has, among civilized nations, always been of paramount importance in the economic questions concerning money (see Money and Bimetallism); in this article a summary of the modern gold-producing areas will be given, and for further details reference should be made to the articles on the localities named.