The Latin Monetary Union (LMU) was a 19th century attempt to unify several European currencies into a single currency that could be used in all the member states, at a time when most national currencies were still made out of gold and silver. It was established in 1865 and disbanded in 1927.
Read more about Latin Monetary Union: History, Failure, Influence, Coins
Famous quotes containing the words latin, monetary and/or union:
“It is worth the expense of youthful days and costly hours, if you learn only some words of an ancient language, which are raised out of the trivialness of the street, to be perpetual suggestions and provocations. It is not in vain that the farmer remembers and repeats the few Latin words which he has heard.”
—Henry David Thoreau (1817–1862)
“There is no legislation—I care not what it is—tariff, railroads, corporations, or of a general political character, that all equals in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan.”
—William Howard Taft (1857–1930)
“So we grew together
Like to a double cherry, seeming parted,
But yet an union in partition,
Two lovely berries moulded on one stem.”
—William Shakespeare (1564–1616)