monometallism
- noun
- /ˌmɒnəˈmɛtəlɪzəm/
- Specialized
:
monometalismo
- The country adopted monometallism, using only gold as its currency standard.
Examples
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Supporters of monometallism argued that a single-metal standard would bring greater monetary stability.
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Economists debated the merits of monometallism versus bimetallism in the nineteenth century.
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Many countries adopted monometallism in the 19th century.
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The concept of monometallism has its roots in ancient economies.
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The country adopted monometallism, using only gold as its currency standard.
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Supporters of monometallism argued that a single-metal standard would bring greater monetary stability.
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Economists debated the merits of monometallism versus bimetallism in the nineteenth century.
Surface Forms
Morphology
monometallism = metallism (semi-transparent) = mono + metal + ism
The word is formed straightforwardly by adding mono- to metallism to indicate a single metal standard.
Etymology
The word monometallism comes from parts meaning 'one' (mono-) and 'metal' (metal). So, it literally means a money system using 'one metal' as the standard, which is why it refers to using only gold or only silver for a country's currency.
