单词 | gold standard |
释义 | gold standardn. 1. A standard for defining the purity of gold; a prescribed degree of fineness for gold. Now rare. ΚΠ 1734 R. Hayes Bullion Gold & Silver valued at Sight sig. C Of the gold standard... 1 Ounce of Gold must contain 22 Carats of Fine Gold 1 Carat of Fine Silver 1 Carat of Fine Copper. 1790 Western County Mag. Jan. 36/2 By an Arret of the 23d November, 1781, the Gold Standard of France was fixed at 20 carats alloy. 1858 J. R. McCulloch Treat. Metallic & Paper Money 430/1 When gold coins were first struck at the English mint, the standard of the gold in them was 23 carats 3½; grains fine..; [under Henry VIII] a new gold standard of 22 carats fine..was introduced. 1908 Spink & Son's Numismatic Circ. Oct. 10905/1 Before the Macedonian gold standard was introduced in the reign of Alexander the Great, three gold standards influenced the coinage of Magna Graecia. 2011 China Econ. Rev. (Nexis) 19 Sept. China releases national gold standards... ‘High pure gold’, as it is called in the standards, refers to the gold with purity of 99.999 percent. 2. A system by which the value of a currency is defined in terms of gold, for which the currency may be exchanged. Now historical.The gold standard was formally adopted by Britain in 1821 and by many other countries during the later 19th century. During and after the First World War levels of participation fluctuated, with some countries abandoning and then readopting some form of the standard; with the abandonment of convertibility of the dollar to gold by the United States in 1971 the transition of the international monetary system to one based on fiat rather than gold was complete. ΚΠ 1811 G. Chalmers Considerations Commerce, Bullion & Coin iii. 119 The silver standard has been overruled, by the popular voice..: And, the gold standard has long verged to its final fate, from the same overruling cause. 1831 Deb. Congr. U.S. 22 Feb. p. cl/2 The present rate (of our gold standard) was the result of information clearly incorrect. 1857 ‘G. Eliot’ Let. 23 Dec. (1954) II. 414 The opponents of the ‘gold standard’ do not make it sufficiently clear..that they presuppose..some guarantee such as government security, as a basis for confidence. 1914 Royal Comm. Indian Finance & Currency: Final Rep. 14 in Parl. Papers (Cd. 7236) XX. 709 The system adumbrated by the Committee of 1898, viz., a gold standard based on a gold currency in active circulation such as the system in the United Kingdom is commonly held to be. 1933 B. Ellinger This Money Business i. 9 This state of affairs lasted until September 18th of 1931, when we went off the gold standard. 1972 Financial Times 4 Apr. 7/4 The Soviet Union has publicly declared in favour of a return to the gold standard. 2002 S. Sen in A. K. Bagchi Money & Credit Indian Hist. 194 He..pointed out that a switch to the gold standard in India was likely to cause disruptions in the world market for gold and silver. 3. Something of the highest quality which serves as a point of reference against which other things of its type may be compared; a measure, standard, or criterion of excellence. ΚΠ 1920 Jeffersonville (Indiana) Star 14 July advt. The Renn Tire Service gives you the gold standard of service..and furnishes you with the Goodrich Fabric and Cord Tires. 1987 Toronto Star (Nexis) 23 Apr. f4 The gold standard for diagnosis of angina and coronary artery disease is to actually x-ray the arteries themselves. 2003 Private Eye 5 Sept. 4/3 The ‘A’ level used to be a gold standard... But it's been dumbed down. This entry has been updated (OED Third Edition, December 2018; most recently modified version published online March 2022). < n.1734 |
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