|
German Coinage Act
On the founding of the German Empire in 1871, trade and transport was hampered by the existence of eight different currency systems across the various member states of the Empire. There were eight state currencies whose coins included the '' Thaler, Vereinsthaler, Konventionsthaler, Kreuzer, Heller, Groschen, Silbergroschen, Neugroschen, Gulden, Konventionsgulden, Schilling, Mark, Pfennig, Neu-Pfennig, Franc, Centime'', Bremen ''Goldthaler, Groten, Schwaren,'' Prussian or Graumann ''Reichsthaler, Kurantthaler'' and ''Friedrich d'Or'', which were all based on different gold and silver standards, making trade more difficult. As a result, Kaiser William I passed the first act of currency union in the German Empire. The Coinage Act of 4 December 1871 specified the gold content of the new common currency, the imperial gold coin, which was to be used by all state monetary systems from 9 July 1873. The Mark was introduced throughout the Empire on 1 January 1876. There was an ame ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Imperial Law
Imperial is that which relates to an empire, emperor, or imperialism. Imperial or The Imperial may also refer to: Places United States * Imperial, California * Imperial, Missouri * Imperial, Nebraska * Imperial, Pennsylvania * Imperial, Texas * Imperial, West Virginia * Imperial, Virginia * Imperial County, California * Imperial Valley, California * Imperial Beach, California Elsewhere * Imperial (Madrid), an administrative neighborhood in Spain * Imperial, Saskatchewan, a town in Canada Buildings * Imperial Apartments, a building in Brooklyn, New York * Imperial City, Huế, a palace in Huế, Vietnam * Imperial Palace (other) * Imperial Towers, a group of lighthouses on Lake Huron, Canada * The Imperial (Mumbai), a skyscraper apartment complex in India Animals and plants * ''Cheritra'' or imperial, a genus of butterfly Architecture, design, and fashion * Imperial, a luggage case for the top of a coach (carriage), coach * Imperial, the top, roof or second-storey co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Franc
The franc (, ; sign: F or Fr), also commonly distinguished as the (FF), was a currency of France. Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money. It was reintroduced (in decimal form) in 1795. After two centuries of inflation, it was redenominated in 1960, with each (NF) being worth 100 old francs. The NF designation was continued for a few years before the currency returned to being simply the franc. Many French residents, though, continued to quote prices of especially expensive items in terms of the old franc (equivalent to the new centime), up to and even after the introduction of the euro (for coins and banknotes) in 2002. The French franc was a commonly held international reserve currency of reference in the 19th and 20th centuries. Between 1998 and 2002, the conversion of francs to euros was carried out at a rate of 6.55957 francs to 1 euro. History The French Franc tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency Reform
Monetary reform is any movement or theory that proposes a system of supplying money and financing the economy that is different from the current system. Monetary reformers may advocate any of the following, among other proposals: * A return to the gold standard (or silver standard or bimetallism). * Abolition of central bank support of the banking system during periods of crisis and/or the enforcement of full reserve banking for the privately owned banking system to remove the possibility of bank runs, possibly combined with sovereign money issued and controlled by the government or a central bank under the direction of the government. There is an associated debate within Austrian School whether free banking or full reserve banking should be advocated but regardless Austrian School economists such as Murray Rothbard support ending central bank bail outs (" ending the Fed"). * The issuance of interest-free credit by a government-controlled and fully owned central bank. Suc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyperinflation In The Weimar Republic
Hyperinflation affected the German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923. It caused considerable internal political instability in the country, the occupation of the Ruhr by France and Belgium, and misery for the general populace. Background To pay for the large costs of the ongoing First World War, Germany suspended the gold standard (the convertibility of its currency to gold) when the war broke out. Unlike France, which imposed its first income tax to pay for the war, German Emperor Wilhelm II and the Reichstag decided unanimously to fund the war entirely by borrowing. The government believed that it would be able to pay off the debt by winning the war and imposing war reparations on the defeated Allies. This was to be done by annexing resource-rich industrial territory in the west and east and imposing cash payments to Germany, similar to the French indemnity that followed German victory over France in 1870.Evans, p. 103 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Weimar Republic
The Weimar Republic (german: link=no, Weimarer Republik ), officially named the German Reich, was the government of Germany from 1918 to 1933, during which it was a constitutional federal republic for the first time in history; hence it is also referred to, and unofficially proclaimed itself, as the German Republic (german: Deutsche Republik, link=no, label=none). The state's informal name is derived from the city of Weimar, which hosted the constituent assembly that established its government. In English, the republic was usually simply called "Germany", with "Weimar Republic" (a term introduced by Adolf Hitler in 1929) not commonly used until the 1930s. Following the devastation of the First World War (1914–1918), Germany was exhausted and sued for peace in desperate circumstances. Awareness of imminent defeat sparked a revolution, the abdication of Kaiser Wilhelm II, formal surrender to the Allies, and the proclamation of the Weimar Republic on 9 November 1918. In its i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First World War
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark (1871)
The German mark (german: Goldmark ; sign: ℳ) was the currency of the German Empire, which spanned from 1871 to 1918. The mark was paired with the minor unit of the pfennig (₰); 100 pfennigs were equivalent to 1 mark. The mark was on the gold standard from 1871–1914, but like most nations during World War I, the German Empire removed the gold backing in August 1914, and gold and silver coins ceased to circulate. After the fall of the Empire due to the November Revolution of 1918, the mark was succeeded by the Weimar Republic's mark, derisively referred to as the Papiermark ("Paper mark") due to hyperinflation in the Weimar Republic from 1918–1923. History The introduction of the German mark in 1873 was the culmination of decades-long efforts to unify the various currencies used by the German Confederation.pp 205-218 https://books.google.com/books?id=GrJCAAAAIAAJ&pg=PA205#v=onepage&q&f=false The Zollverein unified in 1838 the Prussian and South German currenc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency Union
A currency union (also known as monetary union) is an intergovernmental agreement that involves two or more State (polity), states sharing the same currency. These states may not necessarily have any Economic integration#Stages, further integration (such as an economic and monetary union, which would have, in addition, a customs union and a single market). There are three types of currency unions: * ''Informal'' – unilateral adoption of a foreign currency. * ''Formal'' – adoption of foreign currency by virtue of bilateral or multilateral agreement with the monetary authority, sometimes supplemented by issue of local currency in currency peg regime. * ''Formal with common policy'' – establishment by multiple countries of a common monetary policy and monetary authority for their common currency. The theory of the optimal currency area addresses the question of how to determine what geographical regions should share a currency in order to maximize economic efficiency. Advantag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William I (German Empire)
William I or Wilhelm I (german: Wilhelm Friedrich Ludwig; 22 March 1797 – 9 March 1888) was King of Prussia from 2 January 1861 and German Emperor from 18 January 1871 until his death in 1888. A member of the House of Hohenzollern, he was the first head of state of a united Germany. He was de facto head of state of Prussia from 1858, when he became regent for his brother Frederick William IV, whose death three years later would make him king. Under the leadership of William and his minister president Otto von Bismarck, Prussia achieved the unification of Germany and the establishment of the German Empire. Despite his long support of Bismarck as Minister President, William held strong reservations about some of Bismarck's more reactionary policies, including his anti-Catholicism and tough handling of subordinates. In contrast to the domineering Bismarck, William was described as polite, gentlemanly and, while staunchly conservative, more open to certain classical liberal ideas th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.svg "Click for more on -> Weimar Republic")
.JPG "Click for more on -> William I (German Empire)")