Cernuschi, Henri

Cernuschi, Henri

(chārno͞o`skē), 1821–96, Italian politician and economist. A strong republican, he was a leader in the Milan revolt of 1848 in support of Giuseppe Garibaldi. In 1850 he went to France, where he became a director of the Bank of France. Cernuschi vigorously advocated bimetallismbimetallism
, in economic history, monetary system in which two commodities, usually gold and silver, were used as a standard and coined without limit at a ratio fixed by legislation that also designated both of them as legally acceptable for all payments.
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 and is said to have coined the word. His writings include many pamphlets on the subject, notably Silver Vindicated (1876).
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