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/sˈɪlvər stˈændərd/ Listen

Silver standard

noun

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

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Etymology of 'Silver standard'

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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

... that the silver-habit is dragging us down to the demnition bow-wows, another that only an heroic dose of white dollars will save us from industrial death. Political claptrap to corral the succulent pie— "issues" to get office. We have had high and low tariff, the gold and silver standard, greenbackism and "wild-cat" currency; we have had presidents of all shades of political faith and congresses of every kind of economic folly; yet in a single century America has risen from the poorest of nations to the wealthiest in all the world. True it is that wealth is congested—that ...

— Volume 12 of Brann The Iconoclast • William Cowper Brann