specie payments

简明释义

硬币支付

英英释义

例句

1.During the financial crisis, many banks reverted to specie payments 实物支付 to maintain trust with their customers.

在金融危机期间，许多银行恢复了实物支付以维持与客户的信任。

2.In the 19th century, specie payments 实物支付 were essential for the stability of the banking system.

在19世纪，实物支付对银行系统的稳定至关重要。

3.The government announced that it would no longer honor specie payments 实物支付 in gold and silver.

政府宣布将不再承认以黄金和白银进行的实物支付。

4.Many economists argue that returning to specie payments 实物支付 could help control inflation.

许多经济学家认为，恢复实物支付可能有助于控制通货膨胀。

5.The transition away from specie payments 实物支付 marked a significant change in monetary policy.

摆脱实物支付的过渡标志着货币政策的重大变化。

作文

The term specie payments refers to the practice of paying debts or settling transactions in physical currency, typically in the form of gold or silver coins. This concept has significant historical implications, particularly in the context of banking and monetary policy. In the past, many countries operated on a gold standard, which meant that the value of their currency was directly linked to a specific amount of gold. As a result, individuals and businesses could exchange paper money for gold or silver at any time, ensuring that the currency had intrinsic value. The era of specie payments was characterized by a strong reliance on tangible assets, which provided a sense of security and stability in financial transactions. For example, during the 19th century, banks were required to maintain a certain level of gold reserves to back the paper currency they issued. This system helped to build trust among the public, as people knew they could redeem their paper money for actual gold if needed. However, the practice of specie payments began to decline with the advent of fiat currency, which is government-issued money that is not backed by a physical commodity. Fiat currencies rely on the trust of the people who use them, rather than a direct link to gold or silver. This transition allowed for more flexibility in monetary policy, enabling governments to respond to economic crises by adjusting the money supply without being constrained by gold reserves. Despite its decline, the concept of specie payments remains relevant in discussions about economic stability and inflation. Some economists argue that a return to a gold standard could help prevent excessive government spending and inflation, as it would limit the amount of money that could be printed. On the other hand, critics of this idea point out that the global economy has evolved significantly since the days of specie payments, and a rigid monetary system could hinder economic growth and flexibility. In conclusion, specie payments represent a critical chapter in the history of money and banking. While the world has moved towards more flexible monetary systems, understanding the principles behind specie payments can provide valuable insights into current economic debates. As we navigate the complexities of modern finance, the lessons learned from the era of specie payments may inform our approach to achieving a stable and prosperous economy.

“specie payments”这个术语指的是以实物货币支付债务或结算交易的做法，通常以金币或银币的形式存在。这个概念具有重要的历史意义，特别是在银行和货币政策的背景下。在过去，许多国家采用金本位制，这意味着它们的货币价值与特定数量的黄金直接挂钩。因此，个人和企业可以随时用纸币兑换黄金或白银，从而确保货币具有内在价值。“specie payments”的时代以对有形资产的强烈依赖为特征，这在金融交易中提供了安全感和稳定性。例如，在19世纪，银行被要求保持一定水平的黄金储备，以支持他们发行的纸币。这一制度帮助建立了公众的信任，因为人们知道他们可以在需要时用纸币兑换实际的黄金。然而，随着法定货币的出现，“specie payments”的做法开始衰退，法定货币是指没有以实物商品为支持的政府发行货币。法定货币依赖于使用者的信任，而不是与黄金或白银的直接联系。这一转变使得货币政策更加灵活，使得政府能够通过调整货币供应量来应对经济危机，而不受黄金储备的限制。尽管“specie payments”的做法已经减少，但这一概念仍然在经济稳定和通货膨胀的讨论中具有相关性。一些经济学家认为，回归金本位制可能有助于防止过度的政府支出和通货膨胀，因为这将限制可以印刷的货币数量。另一方面，批评者指出，自“specie payments”时代以来，全球经济发生了重大变化，严格的货币制度可能会妨碍经济增长和灵活性。总之，“specie payments”代表了货币和银行历史中的一个关键章节。虽然世界已经朝着更灵活的货币体系发展，但理解“specie payments”背后的原则可以为当前的经济辩论提供宝贵的见解。当我们应对现代金融的复杂性时，从“specie payments”时代学到的教训可能会影响我们实现稳定和繁荣经济的方法。