THEORY OF BIMETALLISM
\θˈi͡əɹi ɒv ba͡ɪmˈɛtəlˌɪzəm], \θˈiəɹi ɒv baɪmˈɛtəlˌɪzəm], \θ_ˈiə_ɹ_i_ ɒ_v b_aɪ_m_ˈɛ_t_ə_l_ˌɪ_z_ə_m]\
Definitions of THEORY OF BIMETALLISM
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The theory that the national, and if possible international, standard of value should be not that of silver only or of gold only, but a mixed standard of gold and silver, the relative value of the metals being determined; and this probably being 15Â½: I, " which has been maintained for nearly the whole of the present century by the French bimetallic arrangement " (Nineteenth Century, June, 1881).
By Henry Percy Smith
Word of the day
- The young tissue of a fibrovascular bundle before its component cells have begun to be differentiated. The tissue from which vascular bundles are developed. [Latin] The tissue from which vascular bundles are developed(bot.).