noun
- Plural of monometallist; advocates or supporters of monometallism, the economic system in which a single metal (typically gold or silver) serves as the standard for a country's currency.
Usage: historical; economics; often used in 19th and early 20th century political and economic discourse
Examples
- The monometallists argued that a single metal standard would provide economic stability.
- During the 19th century, monometallists and bimetallists engaged in fierce debates over currency policy.
- American monometallists favored the gold standard as the basis for the nation's monetary system.
- The monometallists believed that limiting currency to one metal would prevent inflation.
- Political campaigns in the 1890s pitted monometallists against those who supported free coinage of silver.