The national wealth increased remarkably so as to enable the government to adopt a monometallic currency in gold.
Such a provision roused all the opposition of the mercantile community, and in consequence of the agitation the scheme, as finally submitted to the Reichstag, was for a gold monometallic system.
The final outcome of the application of the law of tender was the development of the modern monometallic system--a system in which alone lay the safeguard against the operation of the bullionist.
This was not a gold monometallic system, and the Act which established that system was passed eight years after the death of Lord Liverpool, and six years after the Bullion Report of 1810 had been printed.
In one direction this treatment resulted in the evolution of a theory and practice of a monometallic system--one, i.
Such schemes have no importance at the present day, save as foreshadowing the mechanism by which England finally evolved a monometallic system which permitted of the fullest retention of silver.
The evil was due to a badly-regulated, weltering, bimetallic system; the remedy was a monometallic system.
This Act was repealed, but in substance re-enacted by the Coinage Act of 1870, and is still in principle and fact the law of the land and the basis of our monometallic system.
It will appear from the foregoing statements that, under the bimetallic system, the value of money will be liable to vary more frequently than under the monometallic system.
Indeed, it is a matter of practical certainty that they will be far less extensive than they would be under the monometallic system, whichever metal were adopted as the standard of deferred payments.
The above list will hopefully give you a few useful examples demonstrating the appropriate usage of "monometallic" in a variety of sentences. We hope that you will now be able to make sentences using this word.
