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Silver standard   /sˈɪlvər stˈændərd/   Listen
Silver standard

noun
1.
A monetary standard under which the basic unit of currency is defined by a stated quantity of silver.





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"Silver standard" Quotes from Famous Books



... and the United States. "If it is claimed," he said, "we must adopt for our money the metal England selects, and can have no independent choice in the matter, let us make the test and find out if it is true." He pointed to the nations of the earth where a silver standard ruled: "The farmer in Mexico sells his bushel of wheat for one dollar. The farmer in the United States sells his bushel of wheat for fifty cents. The former is proven by the history of the world to be an equitable price. The latter is writing its history, ...
— The Agrarian Crusade - A Chronicle of the Farmer in Politics • Solon J. Buck


Words linked to "Silver standard" :   standard, monetary standard


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