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:
“Where liberty dwells there is my country.”
—Anonymous. Latin phrase.
Adopted as a motto by U.S. patriot and orator James Otis (1725-1783)
“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)
“The sacred obligation to the Union soldiers must not—will not be forgotten nor neglected.... But those who fought against the Nation cannot and do not look to it for relief.... Confederate soldiers and their descendants are to share with us and our descendants the destiny of America. Whatever, therefore, we their fellow citizens can do to remove burdens from their shoulders and to brighten their lives is surely in the pathway of humanity and patriotism.”
—Rutherford Birchard Hayes (1822–1893)