gold specie standard

In both cases, the union was maintained by virtue of the Gold Specie Standard.

The gold specie standard arose from the widespread acceptance of gold as currency.

Legally, the gold specie standard was not repealed.

In modern times, the British West Indies was one of the first regions to adopt a gold specie standard.

It is sometimes referred to as the gold specie standard to more easily identify it from other forms of the gold standard that have existed at various times.

As in the case of the United Kingdom, there was no return to a Gold Specie Standard, but rather the introduction of a gold bullion standard.

The gold specie standard came to an end in the United Kingdom and the rest of the British Empire with the outbreak of World War I.

The British Gold Standard Act 1925 both introduced the gold bullion standard and simultaneously repealed the gold specie standard.

It was only in 1925, when Britain returned to the gold standard in conjunction with Australia and South Africa that the gold specie standard was officially ended.

Having adopted a successful Gold Specie Standard in 1821, the British Government decided in 1825 to introduce the sterling coinage to all of its colonies as a matter of policy.

However, a formal gold specie standard was first established only in 1821, when the United Kingdom adopted it following the introduction of the gold sovereign coin by the new Royal Mint at Tower Hill in the year 1816.

The supplies of these silver dollars were cut off due to revolutionary wars, and since Britain had formally adopted a successful Gold Specie Standard in 1821, the British government decided in 1825 to introduce the sterling coinage to all of its colonies.

New Zealand's link to the pound sterling was purely through the Gold Specie Standard, and when the Gold Specie Standard was suspended at the outbreak of the first world war, the linkage was based on nothing other than existing practice.