noun
- Plural of monometallism; systems or theories advocating the use of a single metal (typically gold or silver) as the basis of a country's currency and monetary standard.
Usage: economics; historical; formal
Examples
- Nineteenth-century economists debated the merits of monometallisms versus bimetallism.
- The gold standard was one of the most influential monometallisms in modern economic history.
- Different nations adopted various monometallisms depending on their available resources and trade relationships.
- Monometallisms simplified currency systems by relying on a single precious metal.
- The shift away from monometallisms occurred gradually throughout the twentieth century.