Bimetallism
E83402
Bimetallism is an economic and monetary system in which a country’s currency value is based on fixed legal ratios of both gold and silver.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
economic policy
ⓘ
exchange-rate regime ⓘ monetary system ⓘ |
| aimsTo |
provide monetary stability
ⓘ
stabilize currency value ⓘ |
| associatedWith |
Free Silver movement
ⓘ
William Jennings Bryan ⓘ |
| basedOn | fixed legal ratio between gold and silver ⓘ |
| canLeadTo |
export of undervalued metal
ⓘ
hoarding of undervalued metal ⓘ overvaluation of one metal ⓘ undervaluation of one metal ⓘ |
| contrastsWith |
gold standard
ⓘ
monometallism ⓘ silver standard ⓘ |
| declinedDueTo |
rise of gold standard
ⓘ
volatility in silver prices ⓘ |
| hasAdvantage |
potentially larger money supply
ⓘ
potentially lower interest rates ⓘ |
| hasComponent |
mint price of gold
ⓘ
mint price of silver ⓘ |
| hasDisadvantage |
complexity of maintaining parity
ⓘ
instability when market ratio diverges from legal ratio ⓘ |
| hasProperty |
bimetallic parity
ⓘ
fixed exchange rate between gold and silver ⓘ legal tender status for both gold and silver ⓘ risk of one metal driving out the other ⓘ susceptibility to Gresham's law ⓘ |
| influencedBy | relative market prices of gold and silver ⓘ |
| involves |
free coinage of gold
ⓘ
free coinage of silver ⓘ |
| regulates |
minting of gold coins
ⓘ
minting of silver coins ⓘ |
| relatesTo |
international monetary cooperation
ⓘ
price-specie flow mechanism ⓘ |
| requires |
government-defined gold–silver ratio
ⓘ
legal enforcement of metal parity ⓘ |
| studiedIn |
economic history
ⓘ
monetary economics ⓘ |
| uses |
gold
ⓘ
silver ⓘ |
| usesAsStandard | two metals ⓘ |
| wasDebatedIn |
United States monetary politics
ⓘ
late 19th century populist movement ⓘ |
| wasUsedIn |
19th century
ⓘ
France ⓘ Latin Monetary Union ⓘ United States of America ⓘ
surface form:
United States
|
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.