Metal As Money - History of Metallic Monetary Systems

History of Metallic Monetary Systems

Historically, silver has been the main kind of money around the world, circulating bimetallically with gold. In many languages, the words for "money" and "silver" are identical. In the final era of global metal-based money, i.e. the first quarter of the 20th century, monometallic gold use has been the standard.

Read more about this topic:  Metal As Money

Famous quotes containing the words history of, history, metallic, monetary and/or systems:

    When the history of this period is written, [William Jennings] Bryan will stand out as one of the most remarkable men of his generation and one of the biggest political men of our country.
    William Howard Taft (1857–1930)

    It’s a very delicate surgical operation—to cut out the heart without killing the patient. The history of our country, however, is a very tough old patient, and we’ll do the best we can.
    Dudley Nichols, U.S. screenwriter. Jean Renoir. Sorel (Philip Merivale)

    The voice of America has no undertones or overtones in it. It repeats its optimistic catchwords in a tireless monologue that has the slightly metallic sound of a gramophone.
    Vance Palmer (1885–1959)

    In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.
    Ezra Pound (1885–1972)

    Before anything else, we need a new age of Enlightenment. Our present political systems must relinquish their claims on truth, justice and freedom and have to replace them with the search for truth, justice, freedom and reason.
    Friedrich Dürrenmatt (1921–1990)