ABSTRACT

AN account of the downfall of the gold standard would be incomplete without at least a brief reference to its effects on the monetary position of silver. During the crisis the shortcomings of the gold standard were exploited by the silver agitation in favour of what was called a ‘rehabilitation of silver’. That such a policy is not the way out of the present troubles will be evident from the following record of the principal arguments and the results of the great silver campaign of recent years.