Word: silver
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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...
...veritable gold panic set in. The nations of Europe were prompt to take alarm at the menace to industry, and even to the social structure. Holland, Portugal and England demonetized gold and Russia prohibited the export of silver. One English financier is quoted as saying that soon gold would only be "fit for the dustpan...
...panic France alone stood firm. Freely she gave of her silver to all; freely took gold from all, without fear of its becoming worthless. Thus against the action of those nations which demonetized gold, and without an ally, France maintained through this crisis the ratio...
...college scoring the most points in the scratch events will be presented with a silk banner. In every race, gold, silver and bronze medals will be given to first, second and third respectively. These medals will be struck from the H. U. C. A. die, and will equal in value those given at the intercollegiate meet...
Lecture. Bimetallism since the Discovery of America. VI. The International Conference of 1867.- The "Demonitization" of Silver in 1873. Francis A. Walker, LLD. Lecture Room of the Fogg Museum...