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Canadian Pound
The pound (symbol £) was the currency of the Canadas until 1858. It was subdivided into 20 ''shillings'' (s), each of 12 ''pence'' (d). In Lower Canada, the '' sou'' was used, worth penny. Although the £sd accounting system had its origins in sterling, the Canadian pound was never at par with sterling's pound. History In North America, the scarcity of British coins led to the widespread use of Spanish dollars. These Spanish dollars were accommodated into a £sd account system, by setting a valuation for these coins in terms of a pound unit. At one stage, two such units were in widespread use in the British North American colonies. The Halifax rating dominated, and it set the Spanish dollar equal to 5/–. As this was 6d more than its value in silver, the Halifax pound was consequently lower in value than the sterling pound. The York rating of one Spanish dollar being to eight shillings was officially used in Upper Canada until it was outlawed in 1796, but continued to be u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shilling
The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a pound before being phased out during the 20th century. Currently the shilling is used as a currency in five east African countries: Kenya, Tanzania, Uganda, Somalia, as well as the ''de facto'' country of Somaliland. The East African Community additionally plans to introduce an East African shilling. History The word ''shilling'' comes from Old English "Scilling", a monetary term meaning twentieth of a pound, from the Proto-Germanic root skiljaną meaning 'to separate, split, divide', from (s)kelH- meaning 'to cut, split.' The word "Scilling" is mentioned in the earliest recorded Germanic law codes, those of Æthelberht of Kent. There is evidence that it may alternatively be an early borrowing of Phoenic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gresham's Law
In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation. The law was named in 1860 by economist Henry Dunning Macleod after Sir Thomas Gresham (1519–1579), an English financier during the Tudor dynasty. Gresham had urged Queen Elizabeth to restore confidence in then-debased English currency. The concept was thoroughly defined in medieval Europe by Nicolaus Copernicus and known centuries earlier in classical Antiquity, the Middle East and China. "Good money" and "bad money" Under Gresham's Law, "good money" is money that shows little difference between its nominal value (the face value of the coin) and its commodity value (the value of the metal of which it is made, often precious metals, nickel, or copper). In the absence of legal-tend ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Newfoundland And Labrador
The province of Newfoundland and Labrador covers the period from habitation by Archaic peoples thousands of years ago to the present day. Prior to European colonization, the lands encompassing present-day Newfoundland and Labrador were inhabited for millennia by different groups of Indigenous peoples. The first brief European contact with Newfoundland and Labrador came around 1000 AD when the Vikings briefly settled in L'Anse aux Meadows. In 1497, European explorers and fishermen from England, Portugal, Spain (mainly Basques), France and Holland began exploration. Fishing expeditions came seasonally; the first small permanent settlements appeared around 1630. Catholic-Protestant religious tensions were high but mellowed after 1860. The British colony voted against joining Canada in 1869 and became an independent dominion in 1907. After the economy collapsed in the 1930s, responsible government was suspended in 1934, and Newfoundland was governed through the Commission of Govern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nova Scotian Dollar
The dollar was the currency of Nova Scotia between 1860 and 1871.] A History of the Canadian Dollar It replaced the Nova Scotian pound at a rate of 5 dollars = 1 pound (1 dollar = 4 shillings) and was consequently worth less than the Canadian dollar (worth 4s 1.3d). The Nova Scotian dollar was replaced by the Canadian dollar at a rate of 73 Canadian cents = 75 Nova Scotian cents, thus maintaining the difference between the two currencies established in 1860. Coins Between 1861 and 1864, bronze ½ and 1 cent coins were issued. These were the only coins issued for the Nova Scotian dollar. A half-cent coin was required because British six-pence coins in circulation were valued at 12½ Nova Scotian cents. ’’Canadian Coins’’, 60th Anniversary Edition, A Charlton Standard Catalogue, 2006, Toronto, p. 27 Banknotes Between 1861 and 1866, the Provincial Government introduced Treasury notes for 5 dollars. In addition, three chartered banks issued paper money in Nova Scotia, the ''Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nova Scotia
Nova Scotia ( ; ; ) is one of the thirteen provinces and territories of Canada. It is one of the three Maritime provinces and one of the four Atlantic provinces. Nova Scotia is Latin for "New Scotland". Most of the population are native English-speakers, and the province's population is 969,383 according to the 2021 Census. It is the most populous of Canada's Atlantic provinces. It is the country's second-most densely populated province and second-smallest province by area, both after Prince Edward Island. Its area of includes Cape Breton Island and 3,800 other coastal islands. The Nova Scotia peninsula is connected to the rest of North America by the Isthmus of Chignecto, on which the province's land border with New Brunswick is located. The province borders the Bay of Fundy and Gulf of Maine to the west and the Atlantic Ocean to the south and east, and is separated from Prince Edward Island and the island of Newfoundland by the Northumberland and Cabot straits, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Brunswick
New Brunswick (french: Nouveau-Brunswick, , locally ) is one of the thirteen provinces and territories of Canada. It is one of the three Maritime provinces and one of the four Atlantic provinces. It is the only province with both English and French as its official languages. New Brunswick is bordered by Quebec to the north, Nova Scotia to the east, the Gulf of Saint Lawrence to the northeast, the Bay of Fundy to the southeast, and the U.S. state of Maine to the west. New Brunswick is about 83% forested and its northern half is occupied by the Appalachians. The province's climate is continental with snowy winters and temperate summers. New Brunswick has a surface area of and 775,610 inhabitants (2021 census). Atypically for Canada, only about half of the population lives in urban areas. New Brunswick's largest cities are Moncton and Saint John, while its capital is Fredericton. In 1969, New Brunswick passed the Official Languages Act which began recognizing French as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eagle (United States Coin)
The eagle was a United States $10 gold coin issued by the United States Mint from 1792 to 1933. The eagle was the largest of the five main decimal base-units of denomination used for circulating coinage in the United States prior to 1933, the year when gold was withdrawn from circulation. These five main base-units of denomination were the mill, the cent, the dime, the dollar, and the eagle, where a cent is 10 mills, a dime is 10 cents, a dollar is 10 dimes, and an eagle is 10 dollars. The eagle base-unit of denomination served as the basis of the quarter eagle ($2.50), half eagle ($5), eagle ($10), and double eagle ($20) coins. With the exceptions of the gold dollar coin, the gold three-dollar coin, the three-cent nickel, and the five-cent nickel, the unit of denomination of coinage prior to 1933 was conceptually linked to the precious or semi-precious metal that constituted a majority of the alloy used in that coin. In this regard the United States followed long-standing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Sovereign
The sovereign is a British gold coin with a nominal value of one pound sterling (£1) and contains 0.2354 troy oz of pure gold. Struck since 1817, it was originally a circulating coin that was accepted in Britain and elsewhere in the world; it is now a bullion coin and is sometimes mounted in jewellery. In addition, circulation strikes and proof examples are often collected for their numismatic value. In most recent years, it has borne the design of Saint George and the Dragon on the reverse; the initials () of the designer, Benedetto Pistrucci, are visible to the right of the date. The coin was named after the English gold sovereign, which was last minted about 1603, and originated as part of the Great Recoinage of 1816. Many in Parliament believed a one-pound coin should be issued rather than the 21-shilling guinea that was struck until that time. The Master of the Mint, William Wellesley Pole had Pistrucci design the new coin; his depiction was also used for oth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rose Ryal
The Rose Ryal is a gold coin of the Kingdom of England issued in the reign of King James I and is now very rare. The coin is really a two-ryal coin worth thirty shillings (i.e. 1½ pounds) and is a development of the earlier fine sovereign of Queen Elizabeth I. The Rose Ryal, so called because the rose appearing on the reverse, was introduced during James I's second coinage (1604-1619). The design of this first issue shows on the obverse the king enthroned with a portcullis beneath his feet, surrounded by the legend IACOBUS DG MAG BRIT FRAN ET HIBER REX ("James, by the grace of God, of Great Britain, France and Ireland King"). The reverse shows the royal arms over a rose surrounded by the legend A. DNO FACTUM EST ISTUD ET EST MIRAB IN OCULIS NRIS ("This is the Lord's doing and it is marvellous in our eyes", from Psalm 118 Psalm 118 is the 118th psalm of the Book of Psalms, beginning in the English of the King James Version: "O give thanks unto the LORD; for he is good: becaus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shilling (British Coin)
The British shilling, abbreviated "1/-", was a unit of currency and a denomination of sterling coinage worth of one pound, or twelve pence. It was first minted in the reign of Henry VII as the testoon, and became known as the shilling, from the Old English , sometime in the mid-16th century. It circulated until 1990. The word ''bob'' was sometimes used for a monetary value of several shillings, e.g. "ten-bob note". Following decimalisation on 15 February 1971 the coin had a value of five new pence, and a new coin of the same value but labelled as "five new pence" or "five pence" was minted with the same size as the shilling until 1990, after which the shilling no longer remained legal tender. It was made from silver from its introduction in or around 1503 until 1946, and thereafter in cupronickel. Before Decimal Day in 1971, sterling used the Carolingian monetary system ("£sd"), under which the largest unit was a pound (£) divided into 20 shillings (s), each of 12 pence (d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mill (currency)
The mill (American English) or mil (Commonwealth English, except Canada) is a unit of currency (sometimes symbolized as ₥), used in several countries as one-thousandth of the base unit. In the United States, it is a notional unit equivalent to a thousandth of a United States dollar (a hundredth of a dime or a tenth of a cent). In the United Kingdom, it was proposed during the decades of discussion on decimalisation as a division of sterling's pound. While this system was never adopted in the United Kingdom, the currencies of some British or formerly British territories did adopt it, such as the Palestine pound and the Maltese lira. The term comes from the Latin "millesimum", meaning "thousandth part". Usage United States In the United States, the term was first used by the Continental Congress in 1786, being described as the "lowest money of account, of which 1000 shall be equal to the federal dollar". The Coinage Act of 1792 describes milles and other subdivisions of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Empire
The British Empire was composed of the dominions, colonies, protectorates, mandates, and other territories ruled or administered by the United Kingdom and its predecessor states. It began with the overseas possessions and trading posts established by England between the late 16th and early 18th centuries. At its height it was the largest empire in history and, for over a century, was the foremost global power. By 1913, the British Empire held sway over 412 million people, of the world population at the time, and by 1920, it covered , of the Earth's total land area. As a result, its constitutional, legal, linguistic, and cultural legacy is widespread. At the peak of its power, it was described as " the empire on which the sun never sets", as the Sun was always shining on at least one of its territories. During the Age of Discovery in the 15th and 16th centuries, Portugal and Spain pioneered European exploration of the globe, and in the process established larg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
