Germany
After its victory in the Franco-Prussian War (1870–71), Germany extracted a huge indemnity from France of £200,000,000 in gold, and used it to join Britain on a gold standard. Germany's abandonment of the silver standard put further pressure on other countries to move to the gold standard.
Read more about this topic: Silver Standard
Famous quotes containing the word germany:
“By an application of the theory of relativity to the taste of readers, to-day in Germany I am called a German man of science, and in England I am represented as a Swiss Jew. If I come to be regarded as a bête noire the descriptions will be reversed, and I shall become a Swiss Jew for the Germans and a German man of science for the English!”
—Albert Einstein (1879–1955)
“It is the emotions to which one objects in Germany most of all.”
—Franz Grillparzer (1791–1872)
“It took six weeks of debate in the Senate to get the Arms Embargo Law repealed—and we face other delays during the present session because most of the Members of the Congress are thinking in terms of next Autumn’s election. However, that is one of the prices that we who live in democracies have to pay. It is, however, worth paying, if all of us can avoid the type of government under which the unfortunate population of Germany and Russia must exist.”
—Franklin D. Roosevelt (1882–1945)