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After somewhat protracted discussion and the presentation of a large number of documents, the
European states accepted the United States' proposition "that it is necessary to maintain in the world the monetary functions of silver," but declined to bind the discretion of particular states as to the
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called for an international conference to address the problem. The conference was assembled in Paris for the sake of convenience, in contrast to 1867 when the impulse came from the French authorities. It brought together
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International
Monetary Conferences: Their Purposes, Character and Results, with a Study of the Conditions of Currency and Finance in Europe and America during Intervening Periods, and in their Relation to International
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A great fall in the relative price of silver as measured in gold, in progress since 1873, had affected the relations of silver-using countries, and disturbed the level of prices. Producers of silver in the
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methods to be employed. They further declared it impossible to enter into an agreement for a common ratio. The conference, therefore, separated without any result being obtained.
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135:. The conference agenda was to consider: first the desirability of retaining the unrestricted use of silver for coinage, and second the adoption of international
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suffered, while the management of all double-standard currencies became a task of increasing difficulty.
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LĂ©on Say (1826-1896), French
Finance Minister at the time of the conference
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58:, from 10 to 29 August 1878. It was chaired by French finance minister
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257:"ICRP calendar of international relations in the 19th century"
245:, New York: Harper & Brothers – via Internet Archive
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Conférence monétaire internationale de 1878: Procès verbaux
139:, by the acceptance of a ratio to be fixed by agreement.
225:
A Financial
History of Western Europe (Second Edition)
158:International Monetary and Economic Conferences
23:The conference was held in the building of the
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266:. Institute for Cultural Relations Policy.
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131:as well as the United States, though not
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279:"Gold, Silver, and Monetary Stability"
204:Elisha Benjamin Andrews (June 1893),
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308:19th-century diplomatic conferences
182:. Paris: Imprimerie nationale. 1878
44:international monetary conferences
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206:"The Monetary Conference of 1892"
40:International Monetary Conference
16:International economic conference
323:Diplomatic conferences in France
153:Paris Monetary Conference (1867)
277:Johannes Wiegand (March 2023),
42:was the second of a series of
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285:, International Monetary Fund
223:Charles Kindleberger (1993).
190:– via Internet Archive.
333:Global economic conferences
210:Political Science Quarterly
48:Ministry of Foreign Affairs
25:Ministry of Foreign Affairs
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227:. Oxford University Press.
338:Economic history of Paris
283:Finance & Development
238:Henry B. Russell (1898),
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264:culturalrelations.org
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303:Conferences in Paris
86:In 1878, the U.S.
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88:Bland–Allison Act
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313:1878 conferences
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129:United Kingdom
119:(jointly with
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184:. Retrieved
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52:Quai d'Orsay
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29:Quai d'Orsay
137:bimetallism
125:Switzerland
109:Netherlands
297:Categories
147:See also
66:Overview
60:LĂ©on Say
186:11 June
133:Germany
97:Belgium
242:Action
127:, the
121:Norway
117:Sweden
113:Russia
107:, the
101:France
260:(PDF)
164:Notes
105:Italy
56:Paris
33:Paris
188:2018
38:The
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