n a monetary standard under which the basic unit of currency is defined by stated amounts of two metals (usually gold and silver) with values set at a predetermined ratio
The discussion in 1896 came at the end of a long period of decline of prices, during which three international conferences were held to restore bimetallism.
Upholding the gold standard, the majority, or Roberts report, urged every nation that can do so to stick to gold, flayed proposals for bimetallism or a return to the silver .