Meaning of bimetallism in English:


Pronunciation /bʌɪˈmɛt(ə)lɪz(ə)m/


mass noun historical
  • A system of allowing the unrestricted currency of two metals (e.g. gold and silver) as legal tender at a fixed ratio to each other.

    ‘Reading it as a pro-populist metaphor for the economic effect of bimetallism and the expansion of the nation's money supply along with the empowerment of western farmers and industrial laborers seems apparent enough.’
    • ‘Duckenfield observes England's movement from bimetallism to a de facto gold standard in 1717.’
    • ‘There is going to have to be rather a lot of financial information in there, elucidations of first principles, plausible and sufficient accounts of political wranglings over bimetallism and the Gold Standard.’
    • ‘The raison d' être of bimetallism had been removed and England was on the gold standard.’
    • ‘Too little time is spent exploring the real benefits from the gold standard, and the author precipitously blames bimetallism's failure on the incompetence of the movement's leaders.’
    • ‘Much is made of the collapse of bimetallism and its deleterious implications for countries on a silver standard.’
    • ‘Any world-currency system short of actual bimetallism or trimetallism requires a breakdown of borders and sovereignty.’
    • ‘But remember, bimetallism under a fixed standard is not necessarily a completely free system.’
    • ‘Although generally conservative, Walker was capable of intellectual courage: he favored international bimetallism despite adverse attitudes in his home state of Massachusetts and in his profession.’
    • ‘By this, of course I do not mean bimetallism, with its arbitrarily fixed exchange rate between gold and silver, but freely fluctuating exchange rates between the two moneys.’
    • ‘This is useful advice - don't waste your time worrying about gold or bimetallism.’
    • ‘Whole elections would turn on the questions about gold, silver, bimetallism, and the central bank.’
    • ‘Ireland's letter ritually attacked the Democracy's support of bimetallism.’
    • ‘At the time of the great recoinage of 1696 bimetallism was still the basis of the British currency, silver and gold providing the mainstay.’
    • ‘Certainly no one is still alive who witnessed the founding of this country with acceptance of bimetallism - gold and silver - and government involvement only to assure honest weights and measures.’
    • ‘Without context, what he writes on bimetallism is worthless.’
    • ‘The United States repealed the Sherman Act and bimetallism was dead.’