silver standard
- noun
- /ˈsɪlvər ˈstændərd/
:
patrón plata
- Many survivalists and authors worry about the fiat money system and favor the gold or silver standard.
Roman denarii were therefore minted on a pure silver standard, and Orayi gold coins were issued in solid gold.
- Roman denarii were therefore minted on a pure silver standard, and Orayi gold coins were issued in solid gold.
Examples
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The silver standard was abandoned largely because of wild swings in production following the independence of Latin America.
Blog text (11) -
Before that, a form of silver standard had reigned supreme for centuries.
Blog text (11) -
Roman denarii were therefore minted on a pure silver standard, and Orayi gold coins were issued in solid gold.
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Russia, Austria-Hungary, and Argentina moved from a paper money standard to gold in the 1890s, and India, Peru, and Japan also substituted gold for the silver standard.
Academic text (1990) -
By our constitution, the business of the federal government is to maintain a standing army (armed forces), make international treaties and policies (by the president for approval by the Senate), regulate tariffs (international trade), print a uniform currency (based on the gold and silver standards), and regulate interstate commerce.
Blog text (8) -
The government decided to return to a silver standard to stabilize the economy and control inflation.
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Under the silver standard, the value of currency is directly tied to a fixed quantity of silver.
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The debate about whether to reinstate the silver standard often centers around its potential impact on national debt.
Surface Forms
Morphology
The components 'silver' (second-place, inferior to gold) and 'standard' (benchmark) combine compositionally to yield the idea of a second-tier or lower-quality benchmark used in place of a gold standard. This ranking metaphor is cross-linguistically common, so a B1 learner who knows the constituents would likely infer the general meaning, even if they might miss technical details about noisy or automatically produced datasets.
Etymology
Silver standard comes from the old practice of tying a country's money to a set amount of silver, so coins and notes were worth a certain weight of the metal. That's why the phrase means a money system defined by a specific amount of silver.
