Fourth Conference
After several abortive attempts, the fourth (and last) of the monetary conferences of this group was brought together at Brussels in November 1892 on the initiative of the United States. A full representation of the powers attended, but delay arose from the absence of definite proposals by the United States government. These, when they were presented, proved to be only a reaffirmation of the bimetallic policy, and showed no advance. The conference, therefore, proceeded to consider the plans of Levy, Baron de Rothschild and Sotbeer for the more extended use of silver. Such devices, being merely alleviations, failed to gain any effective support. Appeals to England and Germany to grant some concessions likewise failed. Thus, like its Paris forerunners, the Brussels conference adjourned, but never resumed its sittings.
After 1892, the currency problem passed into a new stage in which action was national rather than international. The method of procedure by conference was abandoned for some time.
Read more about this topic: International Monetary Conferences
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