bimetallism


Also found in: Thesaurus, Medical, Financial, Encyclopedia, Wikipedia.

bi·met·al·lism

 (bī-mĕt′l-ĭz′əm)
n.
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.

bimetallism

(baɪˈmɛtəˌlɪzəm)
n
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

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:
Noun1.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 ratiobimetallism - 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
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.
The explanation of the principles of bimetallism produce, as a rule, a contrary effect.
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.
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.
Clearly though, a wealth of possibilities exists as valuable nuggets from economic history (Washington and Hamilton's mercantilism, John Adams and the building of the American Navy, Jefferson and Louisiana, Jackson and the Second Bank of the United States, Lincoln and the Civil War, Benjamin Harrison and the bureaucracy, McKinley and bimetallism, Wilson and World War I--the possibilities are practically endless and can be tailored to the professor's period and topic of interest).
Exemplified by ChinaAEs copper coins or otrue money,o copper was the currency of the man in the street, notwithstanding the Qing dynastyAEs system of bimetallism.
And though more advanced 19th century governments had ceased to resort to debasement, this did not prevent them from occasionally altering units' metallic content, implied mint prices, and (where bimetallism prevailed) mint silver to gold ratios.
Frank Baum's original story Dorothy's ruby slippers were actually made of silver in a nod to bimetallism (Brown, 2012, 17).
It did embody a possibly unwarranted faith in bimetallism, but from that time forward the country had a unit of account easily understood in domestic and international markets.
In opposition to the proposals advanced by bankers' groups, William Jennings Bryan (D-Nebraska) organized the populist agrarian interests of the Democratic Party and the free-silver western interests into a coalition that challenged the gold standard in favor of bimetallism.
He persisted with shifting from bimetallism to the gold standard even in the midst of the panic, and thought that the most important thing was to "protect sound money" rather than to welcome inflation.