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Austro-Hungarian Florin
The florin (german: Gulden, hu, forint, hr, forinta/florin, cs, zlatý) was the currency of the lands of the House of Habsburg between 1754 and 1892 (known as the Austrian Empire from 1804 to 1867 and the Austro-Hungarian Monarchy after 1867), when it was replaced by the Austro-Hungarian crown as part of the introduction of the gold standard. In Austria, the florin was initially divided into 60 kreutzers (german: Kreuzer, hu, krajcar, hr, krajczár cs, krejcar). The currency was decimalized in 1857, using the same names for the unit and subunit. Name The name ''Gulden'' was used on the pre-1867 Austrian banknotes and on the German language side of the post-1867 banknotes. In southern Germany, the word Gulden was the standard word for a major currency unit. After 1867 Austrian coins used the name ''Florin''. "Florin" is derived from the city of Florence, Italy where the first florins were minted, from 1252 to 1533. History The florin (German: ''Gulden'') first emerged as a ...
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Austria-Hungary
Austria-Hungary, often referred to as the Austro-Hungarian Empire,, the Dual Monarchy, or Austria, was a constitutional monarchy and great power in Central Europe between 1867 and 1918. It was formed with the Austro-Hungarian Compromise of 1867 in the aftermath of the Austro-Prussian War and was dissolved shortly after its defeat in the First World War. Austria-Hungary was ruled by the House of Habsburg and constituted the last phase in the constitutional evolution of the Habsburg monarchy. It was a multinational state and one of Europe's major powers at the time. Austria-Hungary was geographically the second-largest country in Europe after the Russian Empire, at and the third-most populous (after Russia and the German Empire). The Empire built up the fourth-largest machine building industry in the world, after the United States, Germany and the United Kingdom. Austria-Hungary also became the world's third-largest manufacturer and exporter of electric home appliances, ...
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Holy Roman Empire
The Holy Roman Empire was a Polity, political entity in Western Europe, Western, Central Europe, Central, and Southern Europe that developed during the Early Middle Ages and continued until its Dissolution of the Holy Roman Empire, dissolution in 1806 during the Napoleonic Wars. From the accession of Otto I in 962 until the twelfth century, the Empire was the most powerful monarchy in Europe. Andrew Holt characterizes it as "perhaps the most powerful European state of the Middle Ages". The functioning of government depended on the harmonic cooperation (dubbed ''consensual rulership'' by Bernd Schneidmüller) between monarch and vassals but this harmony was disturbed during the Salian Dynasty, Salian period. The empire reached the apex of territorial expansion and power under the House of Hohenstaufen in the mid-thirteenth century, but overextending led to partial collapse. On 25 December 800, Pope Leo III crowned the List of Frankish kings, Frankish king Charlemagne as Carolingi ...
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German Confederation
The German Confederation (german: Deutscher Bund, ) was an association of 39 predominantly German-speaking sovereign states in Central Europe. It was created by the Congress of Vienna in 1815 as a replacement of the former Holy Roman Empire, which had been dissolved in 1806. The Confederation had only one organ, the Federal Convention (also Federal Assembly or Confederate Diet). The Convention consisted of the representatives of the member states. The most important issues had to be decided on unanimously. The Convention was presided over by the representative of Austria. This was a formality, however, the Confederation did not have a head of state, since it was not a state. The Confederation, on the one hand, was a strong alliance between its member states because federal law was superior to state law (the decisions of the Federal Convention were binding for the member states). Additionally, the Confederation had been established for eternity and was impossible to dissolve (l ...
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Pfennig
The 'pfennig' (; . 'pfennigs' or ; symbol pf or ₰) or penny is a former German coin or note, which was the official currency from the 9th century until the introduction of the euro in 2002. While a valuable coin during the Middle Ages, it lost its value through the years and was the minor coin of the Mark currencies in the German Reich, West and East Germany, and the reunified Germany until the introduction of the euro. Pfennig was also the name of the subunit of the Danzig mark (1922–1923) and the Danzig gulden (1923–1939) in the Free City of Danzig (modern Gdańsk, Poland). Overview Name The word ''Pfennig'' (replacing the ''denarius'' or ''denarius'' as a low-denomination silver coin) can be traced back to the 8th century and also became known as the ''Penning'', ''Panni(n)g '', ''Pfenni(n)c'', ''Pfending'' and by other names, e.g. in Prussia until 1873, ''Pfenning''. The ''-ing''- or ''-inc'' suffix was used, in addition to ''-ung'', the formation of affil ...
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Kreuzer
The Kreuzer (), in English usually kreutzer ( ), was a coin and unit of currency in the southern German states prior to the introduction of the German gold mark in 1871/73, and in Austria and Switzerland. After 1760 it was made of copper. In south Germany the ''kreuzer'' was typically worth 4 ''pfennigs'' and there were 60 ''kreuzers'' to a ''gulden''. Early history The ''kreuzer'' goes back to a ''groschen'' coin minted in Merano in South Tyrol in 1271 (the so-called ''Etscher Kreuzer''). Because of the double cross (German: ''Kreuz'') on the face of the coin, it was soon given the name ''Kreuzer''. It spread in the 15th and 16th centuries throughout the south of the German-speaking area. The Imperial Coinage Act of 1551 made them the unit for small silver coins. In 1559 a value of 60 ''kreuzer'' to 1 ''gulden'' had been adopted throughout the southern states of the Holy Roman Empire, but the northern German states declined to join, and used ''groschen'' instead of ''kreuze ...
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Silver
Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. The metal is found in the Earth's crust in the pure, free elemental form ("native silver"), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a byproduct of copper, gold, lead, and zinc Refining (metallurgy), refining. Silver has long been valued as a precious metal. Silver metal is used in many bullion coins, sometimes bimetallism, alongside gold: while it is more abundant than gold, it is much less abundant as a native metal. Its purity is typically measured on a per-mille basis; a 94%-pure alloy is described as "0.940 fine". As one of th ...
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Vereinsthaler
The Vereinsthaler (, ''union thaler'') was a standard silver coin used in most German states and the Austrian Empire in the years before German unification. The Vereinsthaler was introduced in 1857 to replace the various versions of the North German thaler, many of which were already set at par with the Prussian thaler. While the earlier Prussian Thaler was slightly heavier at th a Cologne mark of fine silver (16.704 grams), the Vereinsthaler contained grams of silver, which was indicated on the coins as one thirtieth of a metric pound (Pfund, equal to 500 grams). Distribution The Vereinsthaler was used as the base for several different currencies. In Prussia and several other northern German states, the Vereinsthaler was the standard unit of account, divided into 30 Silbergroschen, each of 12 Pfennig. See Prussian Vereinsthaler. In Saxony, the Neugroschen was equal to the Prussian Silbergroschen but was divided into 10 Pfennig. See Saxon Vereinsthaler. Some other n ...
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Conventionsthaler
The ''Conventionstaler'' or ''Konventionstaler'' ("Convention ''thaler''"), was a standard silver coin in the Austrian Empire and the southern German states of the Holy Roman Empire from the mid-18th to early 19th-centuries. Its most famous example is the Maria Theresa thaler which is still minted today. The ''Conventionsgulden'' was equivalent to a ''Conventionsthaler''. History The Austrian Empire introduced the Convention currency standard in 1754 to replace the Leipzig standard of 1690, after a drop in the gold-silver price ratio from 15 to 14.5 in the 1730s unleashed a flood of cheaper ''thalers'' defined in gold. The Leipzig standard defined the North German thaler currency unit at the ''Reichsthaler'' specie of 25.984 g, or 19.488 g fine silver. In contrast, in 1741 the gold Friedrich d'or pistole of 6.05 g fine gold was issued for 5 ''thalers''. This resulted in a cheaper Thaler Gold worth 1.21 g fine gold or 1.21 x 14.5 = 17.545 g fine silver. The ''Conventionsthale ...
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Reichsthaler
The ''Reichsthaler'' (; modern spelling Reichstaler), or more specifically the ''Reichsthaler specie'', was a standard thaler silver coin introduced by the Holy Roman Empire in 1566 for use in all German states, minted in various versions for the next 300 years, and containing 25–26 grams fine silver.MAIN reference p 360-393: German monetary system https://books.google.com/books?id=GrJCAAAAIAAJ&pg=PA360#v=onepage&q&f=false ''Reichsthaler'' was also the name of a currency unit worth less than the ''Reichsthaler specie'' introduced by several North German states from the 17th century; discussed separately under ''North German thaler''. Several old books confusingly use the same term ''Reichsthaler'' for the specie silver coin as well as the currency unit. This is disambiguated by referring to the full-valued coin as the '' Reichsthaler specie'' and the lower-valued currency unit as the ''Reichsthaler currency (courant, kurant)''. History The ''Reichsthaler'' - literally, the ...
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