Paris Monetary Conference (1878)

The International Monetary Conference was the second of a series of international monetary conferences, held at the Ministry of Foreign Affairs on Quai d'Orsay, Paris, from 10 to 29 August 1878.

Producers of silver in the United States suffered, while the management of all double-standard currencies became a task of increasing difficulty.

The conference was assembled in Paris for the sake of convenience,[4]: 204  in contrast to 1867 when the impulse came from the French authorities.

[2]: 198  The conference agenda was to consider: first the desirability of retaining the unrestricted use of silver for coinage, and second the adoption of international bimetallism, by the acceptance of a ratio to be fixed by agreement.

[citation needed] They further declared it impossible to enter into an agreement for a common ratio.