The Latin Monetary Union (LMU) was a 19th century attempt to unify several European currencies into a single currency that could be used in all the member states, at a time when most national currencies were still made out of gold and silver. It was established in 1865 and disbanded in 1927.
Read more about Latin Monetary Union: History, Failure, Influence, Coins
Famous quotes containing the words latin, monetary and/or union:
“He tries by a peculiar speech to speak
The peculiar potency of the general,
To compound the imagination’s Latin with
The lingua franca et jocundissima.”
—Wallace Stevens (1879–1955)
“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)
“At all events, as she, Ulster, cannot have the status quo, nothing remains for her but complete union or the most extreme form of Home Rule; that is, separation from both England and Ireland.”
—George Bernard Shaw (1856–1950)