Definition Of bimetallism

noun

a system 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.

Example Of bimetallism

  • A bimetallist and a believer in the quantitative theory of money, he originally called for free silver as a means of providing ‘more money’ and an equitable currency 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.

  • Any world-currency system short of actual bimetallism or trimetallism requires a breakdown of borders and sovereignty.

  • At luncheon I saw by the glare in his eye that he was going to propose again, and I just managed to check him in time by assuring him that I was a bimetallist .

  • At the time of the great recoinage of 1696 bimetallism was still the basis of the British currency, silver and gold providing the mainstay.


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