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:
“But these young scholars, who invade our hills,
Bold as the engineer who fells the wood,
And travelling often in the cut he makes,
Love not the flower they pluck, and know it not
And all their botany is Latin names.
The old men studied magic in the flowers.”
—Ralph Waldo Emerson (1803–1882)
“There is no legislation—I care not what it is—tariff, railroads, corporations, or of a general political character, that all equals in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan.”
—William Howard Taft (1857–1930)
“You can no more keep a martini in the refrigerator than you can keep a kiss there. The proper union of gin and vermouth is a great and sudden glory; it is one of the happiest marriages on earth, and one of the shortest-lived.”
—Bernard Devoto (1897–1955)