International Monetary Conference Brussels 1892

This series of volumes Documents and Studies on 19th c. Monetary History aims to republish the main documents related to the question of bimetallism at the end of the 19th century. The series will include several sub-series devoted to the International Monetary Conferences held in various capitals during the second half of the century and to the specific situation of different countries (i.e. India, Japan, United States of America, China, etc.), since the question of monetary systems was a global one. It will also include specific studies on monetary questions and on monetary history.00The scientific community will thus have access to the enormous collection of statistics, analyses and discussions on and around the subject of gold and silver coinages. These documents will be useful to specialists of the 19th century but also to all specialists in monetary history and in particular those studying the question of the ratio between gold and silver and that of the gold or silver standard, which are relevant to all periods.

Excerpt from International Monetary Conference Held at Brussels, in Compliance With the Invitation Extended by the President of the United States, and in Pursuance of the First Section of the Act of Congress of August 5, 1892: Report of the Commissioners on Behalf of the United States, and Journal of the Sessions of November 22, 1892, to December 17, 1892 February 21, 1893. - Road, referred to the Committee on Foreign Relations, and ordered to be printed. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

For many observers of international politics, the classical gold standard is the premier example of successful international monetary cooperation. Curiously, most studies portray this 19th century system as a spontaneous development. Reti, after a thorough investigation of diplomatic records, argues that the gold standard grew out of several years of international negotiation. At the Conference of 1867, delegates for 20 states debated the monetary standard and agreed to adopt gold as soon as possible. In response to worldwide deflation from 1873 to 1896, the Conferences of 1878, 1881, and 1892 reconsidered the merits of gold, and the leading states reaffirmed their adherence to the gold standard. Reti uses theories of international regimes to explain the roles of hegemonic power, domestic politics, and causal beliefs on conference diplomacy. He asserts that the classical gold standard can best be understood as a coordination game in which negotiations informed nations about how to cooperate.