bi·met·al·lism

(bī-mĕt′l-ĭz′əm)

1. The use of a monetary standard consisting of two metals, especially gold and silver, in a fixed ratio of value.

2. The doctrine advocating bimetallism.

bi·met′al·list n.

bi·met′al·lis′tic adj.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

bimetallism

(baɪˈmɛtəˌlɪzəm)

1. (Banking & Finance) the use of two metals, esp gold and silver, in fixed relative values as the standard of value and currency

2. (Banking & Finance) the economic policies or doctrine supporting a bimetallic standard

biˈmetallist n

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

bi•met•al•lism

(baɪˈmɛt lˌɪz əm)

n.

1. the use of two metals, ordinarily gold and silver, at a fixed relative value, as the monetary standard.

2. the doctrine or policies supporting such a standard.

[1875–80]

bi•met′al•list, n.

bi•met`al•lis′tic, adj.

bimetallism

the use of two metals jointly as a monetary Standard with fixed values in relation to one another. — bimetallist, n. — bimetallistic, adj.

See also: Money

ThesaurusAntonymsRelated WordsSynonymsLegend:

Noun

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

monetary standard, standard - the value behind the money in a monetary system

Translations

bimetallismo

Mentioned in

References in classic literature

I am convinced that he really believed in his heart that I came round to the Chestnuts three days a week for the pleasure of his company, and very especially to hear his views upon bimetallism, a subject upon which he was by way of being an authority.

View in context

The explanation of the principles of bimetallism produce, as a rule, a contrary effect."

View in context

He was the one intelligent man on twenty unintelligent committees--on every sort of subject, from the reform of the Royal Academy to the project of bimetallism for Greater Britain.

View in context

Although not a medium of exchange, dollars serve as stores of value and hence as quasi-money in our dual-currency system (like bimetallism).

Stabilising external finances

Skidelsky makes the point, for example, that the switch from bimetallism to the gold standard in the late 19th century began the process of monetary uniformity that culminated in central banking.

KEYNES'S LAST STAND

Mises himself discussed issues dealing with bimetallism and other monetary policies current at the time in the reference just given, while George Selgin (1994, 821-24) has applied Mises's insights to the introduction throughout history of new fiat money.

THE MENGER-MISES THEORY OF THE ORIGIN OF MONEY--CONJECTURE OR ECONOMIC LAW?

The Democrats of 1896, under William Jennings Bryan's leadership, poached the main Populist issue, bimetallism, without picking a fight with Republicans on the broader issue of corruption, but Populist ideas would return with the Bull Moose Progressives of 1912, whose party platform had a decidedly Whiggish bent to it:

"The Humble Members of Society": UNDERSTANDING POPULISM IN THE UNITED STATES

attempts at bimetallism. Nevertheless, specie shortages in the face of rapidly growing productive capacity drove the overall U.S.

Reduce but Do Not Eliminate America's Trade and Budget Deficits

The proposals in the president's early speeches represented compromises: restoring strong tariffs with a nod to free-trade agreements between the United States and individual nations, a strong gold standard at home, but only within the context of a new international agreement on looser bimetallism for leading nations.

A Probing New Look at the Real McKinley

For example, what are we now to think about the application of "Gresham's law" to Chinese parallel bimetallism? Lin's claim on this point and the assertion by Cao and Vogel that in the late eighteenth-century southwestern provinces "according to Gresham's law, bad money was driving good money out of circulation" (p.

Money in Asia (1200-1900): Small Currencies in Social and Political Contexts

economics, free trade, and bimetallism. He was a professor of industrial

Introduction: For Whom the Bell Tolls: The School of Liberty and the Rise of Interventionism in French Political Economy in the Late Nineteenth Century