Third Conference
A third conference was held in 1881 in Paris. In consequence of the continuing fall in the value of silver, this conference was convened by the joint action of France and the United States. It was more influential than the second conference since Germany sent representatives, as did Spain, Portugal, Denmark and India. The characteristic of this conference was the greater strength of the support given to the bimetallic proposal by France and the United States, together with the opposition of the delegates of the smaller European countries, and the refusal of Germany to promise any cooperation. The inevitable consequence of this situation was the adjournment of the conference to obtain fresh instructions, which, however, were never furnished.
Read more about this topic: International Monetary Conferences
Famous quotes containing the word conference:
“The peace conference must not adjourn without the establishment of some ordered system of international government, backed by power enough to give authority to its decrees. ... Unless a league something like this results at our peace conference, we shall merely drop back into armed hostility and international anarchy. The war will have been fought in vain ...”
—Virginia Crocheron Gildersleeve (1877–1965)
“Reading maketh a full man; conference a ready man; and writing an exact man.”
—Francis Bacon (1561–1626)