silver standard

Noun

Meaning

a monetary standard under which the basic unit of currency is defined by a stated quantity of silver

Synonyms

Hypernyms

Examples

In the years immediately following 1873, there was a fear that the British West Indies might return to a silver standard. Source: Internet

Countries such as China, which had a silver standard, almost entirely avoided the depression (due to the fact it was then barely integrated into the global economy). Source: Internet

Ecuador was on a de facto silver standard and did not coin any gold between 1884 and 1892. Source: Internet

No country has an enforceable gold standard or silver standard currency system. Source: Internet

The question was what type of standard: gold, silver or both.sfn The United States adopted a silver standard based on the Spanish milled dollar in 1785. Source: Internet

This resulted in a derivative silver standard, since the Bank of the United States was not required to fully back its currency with reserves. Source: Internet

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