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Chilean Independence Debt
The Chilean independence debt was a debt obtained from a large loan the nascent republic of Chile obtained in the last years of its independence war. The loan was obtained in London in 1822 by the government of Bernardo O'Higgins. To address the debt Minister of Finance Manuel Rengifo made first a study to identify all debts incurred before 1830. Chilean agent Francisco Javier Rosales was sent to London to negotiate the payments of the debt in 1836. He was however unable to reach an agreement with the creditors. Exports of Chilean silver alongside copper and wheat were instrumental to allow Chile cure the default in the 1830s and 1840s. Joaquín Tocornal Joaquín Tocornal Jiménez (1788–1865) was a Chilean political figure. He served several times as minister, and participated actively in the war of independence in that country. He was born in Santiago, Chile; the son of Juan Bonifacio de Toc ... who succeeded Rengifo as Minister of Finance paid off all the default and refus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bernardo O'Higgins
Bernardo O'Higgins Riquelme (; August 20, 1778 – October 24, 1842) was a Chilean independence leader who freed Chile from Spanish rule in the Chilean War of Independence. He was a wealthy landowner of Basque-Spanish and Irish ancestry. Although he was the second List of presidents of Chile, Supreme Director of Chile (1817–1823), he is considered one of Chile's founding fathers, as he was the first holder of this title to head a fully independent Chilean state. He was Captain general, Captain General of the Chilean Army, Brigadier general, Brigadier of the United Provinces of the Río de la Plata, General officer, General Officer of Gran Colombia and Grand Marshal of Peru. Early life Bernardo O'Higgins, a member of the O'Higgins family, was born in the Chilean city of Chillán in 1778, the illegitimate son of Ambrosio O'Higgins, 1st Marquis of Osorno, a Spanish officer born in County Sligo, Ireland, who became governor of Chile and later viceroy of Peru. His mother was Isa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Memoria Chilena
''Memoria Chilena'' (Spanish for ''Chilean Memory'') is a Chilean cultural website which, according to its own words, "offers investigations and documents related to key topics which make up the Chilean identity, accessible through the areas of history, literature, social sciences, music, and visual arts." ''Memoria Chilena'' is, also, a virtual library, which preserves material from the Biblioteca Nacional de Chile and other institutions from the Dirección de Bibliotecas, Archivos y Museos (DIBAM). History The original idea of ''Memoria Chilena'' was conceived in 2001. The website states that, "until now, our objective has been to spread through the Internet the cultural heritage of Chile, contributing to the recuperation, preservation and strengthening of our historic memory." Organization ''Memoria Chilena'' organizes its material through topic sites (sitios temáticos), which "approach processes, events, people or relevant works from the Chilean cultural and historic imaginary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Biblioteca Nacional De Chile
The National Library of Chile () is the national library of Chile. It is located on the Avenida Libertador General Bernardo O'Higgins in Santiago, Chile, Santiago, in a building completed in 1925, though its history reaches to the early nineteenth century before it was relocated to its current home. History The Biblioteca Nacional is, together with the Instituto Nacional and a small number of institutions, one of the first institutions created by the newly formed Republic of Chile in the Patria Vieja period. In the newspaper ''El Monitor Araucano'', a ''Proclama de Fundación'' ("Proclamation of Foundation") of the Biblioteca Nacional was published on August 19, 1813. With this vision, a call was made to all the citizens to submit their books for the formation of one great public library. As with other republican institutions, the library was closed after the Disaster of Rancagua, in which the national troops were defeated by the army of the ''realistas''. With the victorious B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Chile)
The Ministry of Finance of Chile ( es, Ministerio de Hacienda, links=no) is the cabinet-level administrative office in charge of managing the financial affairs, fiscal policy, and capital markets of Chile; planning, directing, coordinating, executing, controlling and informing all financial policies formulated by the President of Chile. Since March 2022, the Minister of Finance is Mario Marcel. History In 1814 the Secretary of Finance was created, as Supreme Director Bernardo O'Higgins sought to develop an administrative framework for the then newly formed nation, considering the need to ascertain its independence from the Spanish crown. The office was first organized by a Presidential Decree on 2 June 1817, and was named "Secretariat of Finance" (1818 - 1824). Hipólito de Villegas was appointed to lead the new institution. The present structure, duties and attributions were defined by Presidential Decree N° 7912, "General Law of Ministries", on 30 November 1927. Institutiona ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manuel Rengifo
Manuel Rengifo Cardenas (December 31, 1793 – March 16, 1845) was a Chilean politician. Early life He was son of Francisco Javier Rengifo and Ana Josefa Cardenas Vial. At 15 years old, he supported his mother and siblings. After the disaster of the Battle of Rancagua (1814) migrated to Mendoza, Argentina. Ruined several times for bad business, their economic situation improved in Santiago organizing the famous Coffee of the Union. Marriage and children Manuel Rengifo was first married to Dolores Vial Formas (parents Manuel Vial), a widower marries Rosario Vial Formas, both daughters of Agustín Vial Santelices. Public life The June 19 of 1830, he was named Finance Minister in the administration of Don José Tomás Ovalle. In this position it fit to make an immense task. The country was in the scariest economic deficit when he took over the ministry. One of the most remarkable works of Rengifo, as finance minister, he was the tax and customs reform. Together with it in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chilean Silver Rush
Between 1830 and 1850 Chilean silver mining grew at an unprecedented pace which transformed mining into one of the country's principal sources of wealth. The rush caused rapid demographic, infrastructural, and economic expansion in the semi-arid Norte Chico mountains where the silver deposits lay. A number of Chileans made large fortunes in the rush and made investments in other areas of the economy of Chile. By the 1850s the rush was in decline and lucrative silver mining definitively ended in the 1870s. At the same time mining activity in Chile reoriented to saltpetre operations. Exports of Chilean silver alongside copper and wheat were instrumental to allow Chile cure the default of its independence debt in London. Background Placer deposits of gold were exploited by the Spanish in the 16th century following their arrival in the same century. However, only after the independence in the 19th century did mining once again get prominence among economic activities in Chile. Fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chilean Wheat Cycle
In Chilean historiography, the wheat cycle (Spanish: ''ciclo triguero'') refers to two episodes of booming wheat exports and related changes in society and agriculture. The first cycle occurred from 1687 to the independence wars and was caused by heavy demand in Peru. The importance of wheat had led the 18th century in Chile to be labelled the wheat century (Spanish: ''siglo del trigo''). The second cycle started in the mid-19th century, fueled by the California and Australian gold rushes and ended definitively during the Long depression in the 1870s. First cycle Chile has a history of exporting cereals to Peru dating back to 1687 when Peru was struck by both an earthquake and a stem rust epidemic. Villalobos, Sergio; Silva, Osvaldo; Silva, Fernando and Estelle, Patricio. 1974. ''Historia De Chile''. Editorial Universitaria, Chile. p 155–160. Chilean soil and climatic conditions were better for cereal production than those of Peru and Chilean wheat was cheaper and of better qu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Default (finance)
In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity. A national or sovereign default is the failure or refusal of a government to repay its national debt. The biggest private default in history is Lehman Brothers, with over $600 billion when it filed for bankruptcy in 2008. The biggest sovereign default is Greece, with $138 billion in March 2012. Distinction from insolvency, illiquidity and bankruptcy The term "default" should be distinguished from the terms "insolvency", illiquidity and " bankruptcy": * Default: Debtors have been passed behind the payment deadline on a debt whose payment was due. * Illiquidity: Debtors have insufficient cash (or other "liquefiable" assets) to pay debts. * Insolvency: A legal term meaning debtors are unable to pay their debts. * Bankruptcy: A legal finding tha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joaquín Tocornal Jiménez
Joaquín or Joaquin is a male given name, the Spanish version of Joachim. Given name * Joaquín (footballer, born 1956), Spanish football midfielder * Joaquín (footballer, born 1981), Spanish football winger * Joaquín (footballer, born 1982), Spanish football forward * Joaquín Almunia, Spanish politician * Joaquín Andújar, professional baseball player in the Houston Astros organization * Joaquín Arias, professional baseball player in the San Francisco Giants organization * Joaquín Balaguer, President of the Dominican Republic * Joaquín Belgrano, Argentine patriot * Joaquín Benoit, professional baseball player for the San Diego Padres * Joaquin Castro, American politician from San Antonio, Texas * Joaquín Cortés, Spanish flamenco dancer * Joaquín De Luz, Spanish New York City Ballet principal dancer * Joaquin Domagoso, Filipino actor and model * Joaquín "El Chapo" Guzmán, Mexican drug lord * Joaquín Hernández, Mexican footballer * Joaquín "Jack" García, Cuba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Chile
The economy of Chile has shifted substantially over time from the heterogeneous economies of the diverse indigenous peoples to an early husbandry-oriented economy and finally to one of raw material export and a large service sector. Chile's recent economic history (since 1973) has been the focus of an extensive debate from which neoliberalism acquired its modern meaning. Chile emerged into independence as a rural economy on what was the periphery of the Spanish Empire. A period of relative free trade that began with independence in the 1810s brought a modernizing development of certain sectors of the Chilean economy. This was accompanied by formation of a local business class, a novelty in Chile. Chile experienced its first modern economic crisis with the Long depression in the 1870s. The exploitation of lucrative nitrate deposits of the north conquered in the War of the Pacific (1879–1884) marked a whole epoch in the history of Chile and the economic legacy of nitrate has been w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Debt
A country's gross government debt (also called public debt, or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt. In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to the global financial crisis of 2007–2008, and the COVID-19 pandemic. The ability of government to issue debt has been central to state formation and to state building. Public debt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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