PARIS, MONETARY CONFERENCES AT
\pˈaɹɪs], \pˈaɹɪs], \p_ˈa_ɹ_ɪ_s]\
Definitions of PARIS, MONETARY CONFERENCES AT
Sort: Oldest first
There have been three International Monetary Conferences held in Paris. The first was assembled June 17, 1867, at the solicitation of France, "to consider the question of uniformity of coinage and seek for the basis of ulterior negotiations." The United States and nearly every nation of Europe were represented. No definite decision could be reached, the convention adjourning July 6. On August 16, 1878, the second International Monetary Convention assembled at Paris, at the suggestion of the United States, " to adopt a common ratio between gold and silver for the purpose of establishing internationally the use of bimetallic money and securing fixity of relative value between those metals." The collective decision of the European delegates was that this would be impossible, monetary questions being necessarily governed by the special situation of each state or group of states. Adjournment took place August 29. The Conference of April 8, 1881, assembled at the call of France and the United States, to adopt a settled relative and international value between gold and silver. The Conference adjourned July 8, having arrived at no agreement. (See Brussels.)
By John Franklin Jameson
Word of the day
- A Brazilian beetle, resembling in the male pair of pincers.