(MEH-tah-liz-um), noun
The belief that money must either be made of precious metal or backed by precious metal held in reserve—usually gold or silver.
Richard Nixon abolished the gold standard for U.S. currency, and METALLISM declined as a result.
| Front | metallism |
|---|---|
| Back | (MEH-tah-liz-um), noun The belief that money must either be made of precious metal or backed by precious metal held in reserve—usually gold or silver. Richard Nixon abolished the gold standard for U.S. currency, and METALLISM declined as a result. |
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