In the early 1870s, the global monetary system transitioned from bimetallism—a regime in which gold and silver currencies were tied at quasi-fixed exhange ratios—to the gold standard that was ...

Economist Robert Shiller thinks bitcoin is a fad, like bimetallism was in the 19th century. Bitcoin hit a record high of $5,856.10 on Friday, according to data from industry website CoinDesk. On the ...

In 1871-73, newly unified Germany adopted the gold standard, replacing the silver-based currencies that had been prevalent in most German states until then. The reform sparked a series of steps in ...

Bimetallism theory and practise requires that gold must be defined in terms of another precious metal also having the reputation of being 'honest money.' The general public will understand this, ...

Plain words against bimetallism: an address delivered to the Blackburn Trades Council, November 13, 1894 ...

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WASHINGTON, USA – While the currency values of today's economic powerhouses help maintain global financial stability, the currency systems in the 19th century were tied to precious metals and France ...

TimesMachine is an exclusive benefit for home delivery and digital subscribers. About the Archive This is a digitized version of an article from The Times’s print archive, before the start of online ...

Can a lesson in bimetallism help the long-term stability of Bitcoin and privacy coins?