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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 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.

End of Article: DEMONETIZATION

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DEMOIVRE, ABRAHAM (1667-1754)

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DEMONOLOGY (L1alµwv, demon, genius, spirit)