silver standard

銀本位 ／ silver-standard　—　Institutions

Settling the value of money by silver.

Early Merovingian silver denierLater 7th century 50 Ruble Assignat18th–19th centuries Paper Phoenix (5 Phoenix note)Circa 1830

For most of history, the currency of daily life was silver. The gold standard only became dominant worldwide in the latter half of the 19th century; before that, silver played the leading role.