DEMONETIZATION  , a See also:

• TERM

term employed in monetary See also:

• SCIENCE (Lat. scientia, from scire; to learn, know)

science in two different senses . (a) The depriving or divesting of a See also:

• METAL
• METAL (through Fr. from Lat. metallum, mine, quarry, adapted from Gr. µATaXAov, in the same sense, probably connected with ,ueraAAdv, to search after, explore, µeTa, after, aAAos, other)

metal of its See also:

• STANDARD
• STANDARD, BATTLE OF THE

standard monetary value . From 1663 to 1717 See also:

• SILVER

silver was the standard of value in See also:

• ENGLAND
• ENGLAND, THE CHURCH OF

England and See also:

• GOLD
• GOLD [symbol Au, atomic weight 195.7(H = 1),197.2(0 =16)]

gold coins passed at their See also:

• MARKET (Lat. mercatus, trade or place of trade)

market value . The debasement and underrating of the silver coinage insensibly brought about the demonetization of silver in England as a standard of value and the substitution of gold . During the latter See also:

• HALF

half of the 19th See also:

• CENTURY (from Lat. centuria, a division of a hundred men)

century, the tremendous depreciation of silver, owing to its continually increasing See also:

• PRODUCTION (Lat. productionem, from producere, to pro-duce)

production, and consequently the impossibility of preserving any ratio of stability between it and gold, led to the See also:

• ABANDONMENT (Fr. abandonnement, from abandonner, to abandon, relinquish; abandonner was originally equivalent to mettred banddn, to leave to the jurisdiction, i.e. of another, bandon being from Low Latin bandum, bannum, order, decree, " ban ")

abandonment or demonetization of the metal as a standard and to its use merely as token See also:

• MONEY

money . (b) The withdrawal of See also:

• COIN
• COIN (older forms of the word are coyne, quoin and coign, all derived through the O. Fr. coing, and cuigne from Lat. cuneus, a wedge)

coin from circulation, as, for example, in England that of all pre-Victorian gold coins under the provisions of the Coinage See also:

• ACT (Lat. actus, actum)

Act 1889, and the royal See also:

• PROCLAMATION (Lat. proclamare, to make public by announcement)

proclamation of the 22nd of See also:

• NOVEMBER (Lat. novem, nine)

November 189o .