Latin Monetary Union

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:

    [B]y going to the College [William and Mary] I shall get a more universal Acquaintance, which may hereafter be serviceable to me; and I suppose I can pursue my Studies in the Greek and Latin as well there as here, and likewise learn something of the Mathematics.
    Thomas Jefferson (1743–1826)

    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)

    I not only rejoice, but congratulate my beloved country Texas is reannexed, and the safety, prosperity, and the greatest interest of the whole Union is secured by this ... great and important national act.
    Andrew Jackson (1767–1845)