Word: ratios
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Dates: during 1890-1899
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...France found her silver imports, under the bimetallic system, amounting, since 1822, to 2,680 million francs. Gold, on the other hand, had moved but slightly during this period, and was kept by law at the ratio of 15.5 times its weight in silver. The supply of gold was nevertheless continually wasting away (1) by wear and tear, (2) by the use of gold in manufacture, and (3) on account of hoarding...
...from the Close of the Eighteenth Century to the Gold Discoveries of 1848-1851." The lecturer first outlined the history of the relative changes in the value of gold and silver in France, showing that the act of 1808, which provided for the free coinage of silver at a ratio of 15.5 to 1, was successful in maintaining a stable monetary basis in Europe...
...America bimetallism has never had a fair trial, partly because of the small amount of specie in existence. The act of 1789, in making the ratio 15 to 1 enabled us to get cheap silver from Mexico and the Indies, but threw gold aside. It was underbidding the ratio which should have been upheld. Again the act of 1834, the "Gold Bill," as it was called, making the ratio 16 to 1, went to the other extreme and drove all the silver out of the country. The United States acting merely for itself, instead of joining forces with France, made...
...time of the discovery of America gold stood to silver at the ratio of 1 to 11. But as the mining industry of New Mexico and Peru assumed importance, there was a vast preponderance of silver among the metallic supplies. Not till after 1660 did the proportion of silver to gold by weight fall below 40 to 1. The reason why so great an increase of silver did not diminish its value in terms of gold was because silver was a metal which the world greatly needed. It was in an overwhelming degree the world's money. The expansion...
Near the close of the seventeenth century the turmoil which the rapid fluctuation in the relative value of gold and silver had created, had greatly subsided. Silver had by that time reached the place which it was to occupy for a long time to come. The ratio had been changed from 11 to 1 to about...