Finance:Paris Monetary Conference (1881)
The International Monetary Conference of 1881 was the third of a series of international monetary conferences, convened in Paris on 19 April 1881 and adjourned in July of that year. Like the previous iteration in 1878, it failed to achieve a cooperative outcome.[2]:199
Overview
Due to the continuing fall in the value of silver, the conference was convened jointly by France and the United States. The previous conference in 1878 had been attended by delegates from Austria-Hungary, Belgium, France, Italy, the Netherlands, Russia, Sweden (jointly with Norway), Switzerland, the United Kingdom and the United States. In 1881, five additional nations sent delegates: Denmark, Germany, Greece, Portugal, and Spain, making 15 participating nations in total. The 1881 conference was chaired by French finance minister Pierre Magnin.[1]
At the conference France and the United States gave stronger support to the proposal to restore bimetallism, while the delegates of the smaller European countries were opposed, and Germany refused to promise any cooperation. The conference was therefore adjourned to obtain fresh instructions; but these were never furnished. The conference therefore did not reconvene in April 1882 as envisaged.[2]:200
See also
Notes
- ↑ 1.0 1.1 Proceedings of the International Monetary Conference Held in Compliance With the Invitation Extended to the European Governments by the Governments of France and the United States in Paris in April, May, June, and July 1881 Under the Auspices of the Ministry of Foreign Affairs of the French Republic. Washington: Government Printing Office. 1887. https://archive.org/stream/proceedingsinte00statgoog#page/n7/mode/2up. Retrieved 11 June 2018.
- ↑ 2.0 2.1 Elisha Benjamin Andrews (June 1893), "The Monetary Conference of 1892", Political Science Quarterly (8:2): 197-219, https://www.jstor.org/stable/2139642
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