suspension

停止　—　Institutions

Breaking off, for now, what had been going on.

Eiraku Tsūhō (Yongle Tongbao) — A photograph of the real thing this term names.

Continental note (one sixth of a dollar) — A photograph of the real thing this term names.

⚠ The suspension of convertibility almost invariably begins with the declaration that it is "temporary." And it is never restored. In monetary history, the appearance of this word marks a turning point.

Related terms

inconvertible convertibility crisis

Courses where this term appears

A06 The World of the Gold Standard B10 Counterfeiting C11 The Life and Death of the Gold Standard P5 The State, Money, and You P9 How to Learn and How to Verify

Where this word appears

Overview: 2,700 years of the world　Epilogue　15 August 1971
Overview: 2,700 years of the world　Italy　From Lira to Euro
Overview: 2,700 years of the world　Russia　Default
Overview: 2,700 years of the world　War and money　Total War
United States　"Not worth a continental"　In a turn of phrase on the street
United States　The Panic of 1907　New York, the counter of a trust company
United States　The far shore of the war　Across the Atlantic, America
Greece　Bird from the Ashes　A storefront

and 29 more chapters

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