How To Use Bimetallism In A Sentence
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By this, of course I do not mean bimetallism, with its arbitrarily fixed exchange rate between gold and silver, but freely fluctuating exchange rates between the two moneys.
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Much is made of the collapse of bimetallism and its deleterious implications for countries on a silver standard.
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There was a reason why William Jennings Bryan rallied millions behind his presidential campaign in 1896 when he campaigned against what he saw as the Republican plutocrats with his slogan that “you shall not crucify mankind upon a cross of gold” Although technically a speech for bimetallism, the slogan reverberated though the west, the laboring class, and poor farmers.
Failure of Economics and the Market System? « L.E. Modesitt, Jr. – The Official Website
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Any world-currency system short of actual bimetallism or trimetallism requires a breakdown of borders and sovereignty.
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There is going to have to be rather a lot of financial information in there, elucidations of first principles, plausible and sufficient accounts of political wranglings over bimetallism and the Gold Standard.
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There was only a bare possibility that an international agreement always to regard sixteen ounces of silver as worth one ounce of gold might establish the ratio, but to this straw the bimetallist turned, trying to ward off the demand for free silver with his plea for international bimetallism.
The New Nation
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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.
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There was truth in the war-cry of the bimetallists that a ‘crime against silver’ had been committed; but the crime was really the original imposition of bimetallism in lieu of parallel standards.
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Let us turn for a moment and trace the effects of monometallism in England as compared with bimetallism in France during the same period.
If Not Silver, What?
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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.
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Whole elections would turn on the questions about gold, silver, bimetallism, and the central bank.
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Strange as it may seem, while Mr. Wolcott was abroad, pretendingly for the purpose of procuring bimetallism by international agreement, the President and Secretary of the Treasury were working up a scheme to have the gold standard adopted according to the tenor of the Indianapolis platform.
One Thousand Secrets of Wise and Rich Men Revealed
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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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Duckenfield observes England's movement from bimetallism to a de facto gold standard in 1717.
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‘Bimetallism… the possible effects on Roman art, had the Etruscans been bimetallists.’
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Ireland's letter ritually attacked the Democracy's support of bimetallism.
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We present them the example of France as an unanswerable proof that one great nation can maintain bimetallism, and that by maintaining it she escaped the worst evils that have affected the monometallic countries, and assured for herself an extraordinary progress and prosperity.
If Not Silver, What?
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When the Fed was founded in 1913, the U.S. was on the gold standard, so controlling the value of money wasn't within its brief; arguments over inflation vs. deflation focused on so-called bimetallism, or the dilution of the gold standard with silver, which Congress determined.
Ian Fletcher: The Disappointing Economics of Rick Santorum
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It is suggested that the example of French bimetallism and its success between 1850 and 1870 provided a success story to which bimetallists in the 1890s could refer.
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The United States repealed the Sherman Act and bimetallism was dead.
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Money: Natural law of money, international bimetallism, "free silver," currency; the silver question and hard times by John Joseph Valentine
OpEdNews - Quicklink: The Money That Is Sold Abroad Is You!
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Certainly no one is still alive who witnessed the founding of this country with acceptance of bimetallism - gold and silver - and government involvement only to assure honest weights and measures.
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Throw in a 2009 Sherman-Silver Purchase clause to the stimulus bill, hold up the bill while working a populist angle on getting us off the Cash4Gold. com standard, and then, in a few weeks, say the Democrats won't work on a bipartisan bimetallism solution, so let's just add in a some more tax cuts.
Patrick Sauer: Five Things Nobody Wants to Hear on the Road to Great Depression 2.0
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Thus, despite the immeasurable advantages which England enjoyed, political, social, and industrial, her great colonial possessions from which she drew enormous wealth, and her exemption from destructive war; despite also the distressing condition of France and her recent enormous losses, we find that in seventy years of bimetallism the working Frenchman had gained wealth almost twice as fast as the working Englishman had in the same number of years of monometallism.
If Not Silver, What?
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A highly suggestive fact is that, as experience develops the enormous evils of the monometallic system, the number of conversions among prominent men to bimetallism steadily increases, and they become more outspoken and radical in their views.
If Not Silver, What?
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Too little time is spent exploring the real benefits from the gold standard, and the author precipitously blames bimetallism's failure on the incompetence of the movement's leaders.
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The raison d' être of bimetallism had been removed and England was on the gold standard.
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But remember, bimetallism under a fixed standard is not necessarily a completely free system.
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Without context, what he writes on bimetallism is worthless.
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This is useful advice - don't waste your time worrying about gold or bimetallism.
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The author precipitously blames bimetallism's failure on the incompetence of the movement's leaders.
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The supporters of so-called ‘bimetallism’ were not interested in a workable bimetallic system with a market-responsive ratio.
