One of the mysteries of the English language finally explained.
A system by which the value of a currency is defined in terms of silver, for which the currency may be exchanged.Compare with gold standard
- ‘India was forced to remain on the silver standard.’
- ‘Thus the United States was on a silver standard, but it was also on a bimetallic system of coinage, that included gold to be circulated at a ‘fixed’ exchange rate to the silver standard.’
- ‘It had been on a silver standard since time immemorial before the Communists overran the mainland.’
- ‘From 1789-1834, the country was on a de facto silver standard, from 1834-1861 a gold standard.’
- ‘Of course, uniformity could have been realized by returning to the silver standard and bona fide specie payments, and reducing the currency, but there were few who mentioned this option.’
Top tips for CV writingRead more
In this article we explore how to impress employers with a spot-on CV.