Japanese Military Currency (1937–1945)
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Japanese Military Currency (1937–1945)
Japanese military currency (Chinese and Japanese: 日本軍用手票, also 日本軍票 in short) was money issued to the soldiers of the Imperial Japanese Armed Forces as a salary. The military yen reached its peak during the Pacific War period, when the Japanese government excessively issued it to all of its occupied territories. In Hong Kong, the military yen was forced upon the local population as the sole official currency of the territory. Since the military yen was not backed by gold, and did not have a specific place of issuance, the military yen could not be exchanged for the Japanese yen. Forcing local populations to use the military yen officially was one of the ways the Japanese government could dominate the local economies. Currencies in territories occupied by Japan The territories controlled or occupied by Japan had many different currencies. Taiwan maintained its own banking system and bank notes after it came under Japanese sovereignty in 1895. The same is ...
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List Of Areas Held By Japan During World War II
This is a list of regions occupied or annexed by the Empire of Japan until 1945, the year of the end of World War II in Asia, after the surrender of Japan. Control over all territories except most of the Japanese mainland (Hokkaido, Honshu, Kyushu, Shikoku, and some 6,000 small surrounding islands) was renounced by Japan in the unconditional surrender after World War II and the Treaty of San Francisco. A number of territories occupied by the United States after 1945 were returned to Japan, but there are still a number of disputed territories between Japan and Russia (the Kuril Islands dispute), South Korea and North Korea (the Liancourt Rocks dispute), the People's Republic of China and Taiwan (the Senkaku Islands dispute). Pre-1945 Colonies *Hokkaido — 1869–1918 *Chishima Islands – 1875–1918 *Ryukyu Islands – 1879–1918 *Nanpō Islands – 1891–1918 * Taiwan and the Penghu Islands – 1895–1945 *Minamitorishima – 1898–1918 *Karafuto – 1905–1943 * Kantō ...
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Hyperinflation
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. When measured in stable foreign currencies, prices typically remain stable. Unlike low inflation, where the process of rising prices is protracted and not generally noticeable except by studying past market prices, hyperinflation sees a rapid and continuing increase in nominal prices, the nominal cost of goods, and in the supply of currency. Typically, however, the general price level rises even more rapidly than the money supply as people try ridding themselves of the devaluing currency as quickly as possible. As this happens, the real stock of money (i.e., the amount of circulating money divided by the price level) decreases considerably.Bernholz, Peter 2003, chapter 5.3 Almost all ...
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Japanese Occupation Of Hong Kong
The Imperial Japanese occupation of Hong Kong began when the Governor of Hong Kong, Mark Aitchison Young, Sir Mark Young, surrendered the British Crown colony of British Hong Kong, Hong Kong to the Empire of Japan on 25 December 1941. The surrender occurred after Battle of Hong Kong, 18 days of fierce fighting against the overwhelming Imperial Japanese Army, Japanese forces that had invaded the territory.Snow, Philip. [2004] (2004). The fall of Hong Kong: Britain, China and the Japanese occupation. Yale University Press. , .Mark, Chi-Kwan. [2004] (2004). Hong Kong and the Cold War: Anglo-American relations 1949–1957. Oxford University Press publishing. , . p 14. The occupation lasted for three years and eight months until Surrender of Japan, Japan surrendered at the end of the World War II, Second World War. The length of this period (, ) later became a metonym of the occupation. Background Imperial Japanese invasion of China During the Imperial Japanese military's Second ...
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Currencies Of Hong Kong
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ...
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British Armed Forces
The British Armed Forces, also known as His Majesty's Armed Forces, are the military forces responsible for the defence of the United Kingdom, its Overseas Territories and the Crown Dependencies. They also promote the UK's wider interests, support international peacekeeping efforts and provide humanitarian aid. Since the formation of the Kingdom of Great Britain in 1707 (later succeeded by the United Kingdom), the British Armed Forces have seen action in a number of major wars involving the world's great powers, including the Seven Years' War, the American Revolutionary War, the Napoleonic Wars, the 1853–1856 Crimean War, the First World War, and the Second World War. Britain's victories in most of these decisive wars, allowed it to influence world events and establish itself as one of the world's leading military and economic powers. As of October 2022, the British Armed Forces consist of: the Royal Navy, a blue-water navy with a fleet of 72 commissioned ships, together ...
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Banknotes Of The British Armed Forces
The British Armed Forces issued their own banknotes between 1946 and 1972. At the end of the war in Europe in 1945, France, Britain, United States and Russia agreed at the Potsdam Conference to split Germany into four occupation zones. The British area was occupied by the 21st Army Group that was collectively known as the British Army of the Rhine (BAOR). The Allies' job was challenging. They had to disband and disarm the German fighting machine, reassemble the country's basic infrastructure, and cope with population on the brink of starvation. To this end the BAOR operated as a country within a country, requiring a monetary system that functioned to serve the needs of the occupying forces. However, a problem soon emerged; goods intended for the troops were being sold to a thriving black market among the local population at highly inflated prices. Millions of pounds sterling were being lost by the taxpayers of Britain. A series of stopgap measures slowed, but did not stop the probl ...
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Allied Military Currency
Allied Military Currency ("AMC") was a form of currency issued by the Allied powers during World War II, to be issued to troops entering liberated or newly occupied countries, as a form of currency control. Background Historically, soldiers serving overseas had been paid in local currency rather than in their "home" currency; most cash drawn by soldiers would go directly into the local economy, and in a damaged economy the effects of a hard currency such as the dollar circulating freely alongside weaker local currencies could be severely problematic, risking severe inflation. There were other problems as well; once dollars were circulating in a combat region, the opposing side could freely use its own stocks of dollars as currency, or acquire stocks for use elsewhere. The high purchasing power of the dollar, and its easy transference back to the United States, also posed a significant incentive to black-marketeering.Rundell, p. 384 However, whilst the use of local currencies was ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ...
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Treaty Of San Francisco
The , also called the , re-established peaceful relations between Japan and the Allied Powers on behalf of the United Nations by ending the legal state of war and providing for redress for hostile actions up to and including World War II. It was signed by 49 nations on 8 September 1951, in San Francisco, California, U.S. at the War Memorial Opera House. Italy and China were not invited, the latter due to disagreements on whether the Republic of China or the People's Republic of China represented the Chinese people. Korea was also not invited due to a similar disagreement on whether South Korea or North Korea represented the Korean people. The treaty came into force on 28 April 1952. It ended Japan's role as an imperial power, allocated compensation to Allied nations and former prisoners of war who had suffered Japanese war crimes during World War II, ended the Allied post-war occupation of Japan, and returned full sovereignty to it. This treaty relied heavily on the United Nati ...
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Government Of Japan
The Government of Japan consists of legislative, executive and judiciary branches and is based on popular sovereignty. The Government runs under the framework established by the Constitution of Japan, adopted in 1947. It is a unitary state, containing forty-seven administrative divisions, with the Emperor as its Head of State. His role is ceremonial and he has no powers related to Government. Instead, it is the Cabinet, comprising the Ministers of State and the Prime Minister, that directs and controls the Government and the civil service. The Cabinet has the executive power and is formed by the Prime Minister, who is the Head of Government. The Prime Minister is nominated by the National Diet and appointed to office by the Emperor. The National Diet is the legislature, the organ of the Legislative branch. It is bicameral, consisting of two houses with the House of Councilors being the upper house, and the House of Representatives being the lower house. Its members are direc ...
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Plaintiff
A plaintiff ( Π in legal shorthand) is the party who initiates a lawsuit (also known as an ''action'') before a court. By doing so, the plaintiff seeks a legal remedy. If this search is successful, the court will issue judgment in favor of the plaintiff and make the appropriate court order (e.g., an order for damages). "Plaintiff" is the term used in civil cases in most English-speaking jurisdictions, the notable exceptions being England and Wales, where a plaintiff has, since the introduction of the Civil Procedure Rules in 1999, been known as a "claimant" and Scotland, where the party has always been known as the "pursuer". In criminal cases, the prosecutor brings the case against the defendant, but the key complaining party is often called the "complainant". In some jurisdictions, a lawsuit is commenced by filing a summons, claim form or a complaint. These documents are known as pleadings, that set forth the alleged wrongs committed by the defendant or defendants with a de ...
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