Monetary Reform in 19th Century

• Linked to the Monometallic Gold Standard or Bimetallism based on gold and silver.

• International Monetary Conferences after 1850 devoted to either restoration of bimetallism or establishing a common gold coin (25 francs or 5 dollars or 1 pound).

• Gold (or gold-silver bimetallism) implied a high degree of monetary unity, making a global currency less urgent.