ABSTRACT
Latin Monetary Union (LMU) was an attempt to execute an internationally agreed solution for the monetary problems created by the general transformation of the system of distributive justice into one of commutative justice. However, a more stringent measure would have induced a feeling of loss of sovereignty sufficiently grave to have aborted LMU. In fact, LMU served to keep a large part of Europe on a bimetallic standard. Thus, a very important vested interest contributed to maintaining France at the helm of the bimetallist LMU despite Italian and Pontifical fiscal and monetary malfeasance. LMU was an attempt to execute an internationally agreed solution for the monetary problems created by the general transformation of the system of distributive justice into one of commutative justice. It tried to combine the virtues of the ancien-regime system with those of metallism by devising what was called international bimetallism.
