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Klaus Waris
Klaus Henrik Waris (17 March 1914 – 18 December 1994) was a Finnish economist, professor and the governor of the Bank of Finland from 1957 to 1967. Waris was born in Helsinki. He graduated in 1935 from University of Turku. Waris worked as the head of the Department of National Economy at the Ministry of Finance from 1946 to 1949. From 1949 to 1952, Waris was professor of economics at the Helsinki University of Technology, and was a member of the executive board of the bank Suomen Yhdyspankki from 1950 to 1951. From 1952 to 1957, Waris was a member of the executive board of the Bank of Finland, and from 1957 to 1967 the governor of the bank. When Waris began his term as governor, his first task was to defend the value of the devalued Finnish mark in the situation after the 1956 general strike. In 1961, however, Finnish markka had to be devalued again. Waris resigned from the central bank in 1967. Devaluations facilitated exports and foreign loans were used to develop the Finn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SITRA
Sitra ( ar, سترة or , ''As-Sitra''), also known as Sitrah ( ar, Jazīrat Sitrah, script=Latn) or Sitra Island ( ar, Jazīrat as-Sitra, script=Latn), is an island in Bahrain. It lies south of the capital, Manama, on Bahrain Island. History ;Conflict with Al Khalifa in 1782 In 1782, a conflict occurred between locals and a number of Al Khalifa who came from Zubara to buy supplies. The clashes resulted in deaths from both sides. ;Arab Spring During the Arab Spring, there was a big protest here. Many protesters were injured or killed. (See Day of Rage (Bahrain)). Geography The Island is located just east of Bahrain Island in Persian Gulf. It lies south of Manama and Nabih Saleh. The island's western coast forms the boundary of Tubli Bay. The island used to be covered in date palm groves and farms, watered by several freshwater springs. Mangroves used to line the western coast, however they have almost disappeared due to development. Demography Most of the inhabitants of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1994 Deaths
File:1994 Events Collage.png, From left, clockwise: The 1994 Winter Olympics are held in Lillehammer, Norway; The Kaiser Permanente building after the 1994 Northridge earthquake; A model of the MS Estonia, which sank in the Baltic Sea; Nelson Mandela casts his vote in the 1994 South African general election, in which he was elected South Africa's first president, and which effectively brought Apartheid to an end; NAFTA, which was signed in 1992, comes into effect in Canada, the United States, and Mexico; The first passenger rail service to utilize the newly-opened Channel tunnel; The 1994 FIFA World Cup is held in the United States; Skulls from the Rwandan genocide, in which over half a million Tutsi people were massacred by Hutus., 300x300px, thumb rect 0 0 200 200 1994 Winter Olympics rect 200 0 400 200 Northridge earthquake rect 400 0 600 200 Sinking of the MS Estonia rect 0 200 300 400 Rwandan genocide rect 300 200 600 400 Nelson Mandela rect 0 400 200 600 1994 FIFA ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1914 Births
This year saw the beginning of what became known as World War I, after Archduke Franz Ferdinand of Austria, heir to the Austrian throne was assassinated by Serbian nationalist Gavrilo Princip. It also saw the first airline to provide scheduled regular commercial passenger services with heavier-than-air aircraft, with the St. Petersburg–Tampa Airboat Line. Events January * January 1 – The St. Petersburg–Tampa Airboat Line in the United States starts services between St. Petersburg and Tampa, Florida, becoming the first airline to provide scheduled regular commercial passenger services with heavier-than-air aircraft, with Tony Jannus (the first federally-licensed pilot) conveying passengers in a Benoist XIV flying boat. Abram C. Pheil, mayor of St. Petersburg, is the first airline passenger, and over 3,000 people witness the first departure. * January 11 – The Sakurajima volcano in Japan begins to erupt, becoming effusive after a very large earthquake ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mauno Koivisto
Mauno Henrik Koivisto (; 25 November 1923 – 12 May 2017) was a Finnish politician who served as the ninth president of Finland from 1982 to 1994. He also served as the country's prime minister twice, from 1968 to 1970 and again from 1979 to 1982. He was also the first member of the Social Democratic Party to be elected as President of Finland. Early life Koivisto was born in Turku as the second son of Juho Koivisto, a carpenter at Crichton-Vulcan shipyard, and Hymni Sofia Eskola, who died when he was 10. After attending primary school, Koivisto worked a number of jobs, and at the beginning of the Winter War in 1939 joined a field firefighting unit at the age of 16. During the Continuation War, Koivisto served in the Infantry Detachment Törni led by Lauri Törni, which was a reconnaissance detachment operating behind enemy lines. This detachment was only open to selected volunteers. During the war, he received the Order of the Cross of Liberty (2nd class) and was promoted to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rainer Von Fieandt
Berndt Rainer von Fieandt (26 December 1890 – 28 April 1972) was a Finnish banker and official without party affiliation. He was appointed as the Governor of the Bank of Finland in 1955 before being appointed by the President to form a cabinet. He served as the Prime Minister of Finland in 1957 and 1958. Cabinets * Von Fieandt Cabinet Rainer von Fieandt's cabinet was the 42nd government of Republic of Finland. Cabinet's time period was from November 29, 1957 to April 26, 1958. It was a caretaker government. Cabinet fell by Interpellation (politics), interpellation of the opposi ... References 1890 births 1972 deaths Politicians from Turku People from Turku and Pori Province (Grand Duchy of Finland) Finnish people of German descent Prime Ministers of Finland Governors of the Bank of Finland Finnish bankers {{finland-politician-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Governor Of The Bank Of Finland
The Bank of Finland ( fi, Suomen Pankki, sv, Finlands Bank) is the central bank of Finland. It views itself as the fourth oldest surviving central bank in the world, after Sweden's Riksbank, the Bank of England, and the Bank of France. History The precursor of Bank of Finland, ''Waihetus-, Laina- ja Depositioni-Contori Suomen Suuren-ruhtinaanmaassa'' (The Exchange, Loan and Deposit Office of the Grand Duchy of Finland), was established on 1 March 1812 in the city of Turku by Alexander I of Russia. In 1819 it was relocated to Helsinki. Until 1840 the main purpose of the bank was to carry out currency reform to introduce Imperial ruble. The Bank created and regulated the Finnish Markka from its inauguration in 1860 until Finland adopted the euro in 1999. Mandate, ownership and organization The Bank of Finland is Finland's central bank and a member of the European System of Central Banks and of the Eurosystem. It is Finland's monetary authority, and is responsible for the cou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aalto University School Of Economics
The Aalto University School of Business ( fi, Aalto-yliopiston kauppakorkeakoulu; sv, Aalto-universitets handelshögskola), is the largest business school in Finland. Founded in 1911, it is the second oldest business school in Finland and one of the oldest business schools in the Nordic countries. The school became part of Aalto University on 1 January 2010. It has been previously known as the Helsinki School of Economics, the Helsinki School of Economics and Business Administration, and during 2010-2012 the Aalto University School of Economics. The Aalto University School of Business is the first business school in the Nordic countries to have received the Triple Crown accreditation (accreditations from the three largest and most influential business school accreditation organizations: AACSB, AMBA, and EQUIS). The ''Financial Times'' regularly ranks the school among the top business schools in Europe. In terms of admissions, the school is considered the most difficult business ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Finland
The Bank of Finland ( fi, Suomen Pankki, sv, Finlands Bank) is the central bank of Finland. It views itself as the fourth oldest surviving central bank in the world, after Sweden's Riksbank, the Bank of England, and the Bank of France. History The precursor of Bank of Finland, ''Waihetus-, Laina- ja Depositioni-Contori Suomen Suuren-ruhtinaanmaassa'' (The Exchange, Loan and Deposit Office of the Grand Duchy of Finland), was established on 1 March 1812 in the city of Turku by Alexander I of Russia. In 1819 it was relocated to Helsinki. Until 1840 the main purpose of the bank was to carry out currency reform to introduce Imperial ruble. The Bank created and regulated the Finnish Markka from its inauguration in 1860 until Finland adopted the euro in 1999. Mandate, ownership and organization The Bank of Finland is Finland's central bank and a member of the European System of Central Banks and of the Eurosystem. It is Finland's monetary authority, and is responsible for the countr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finnish General Strike Of 1956
The Finnish general strike of 1956 is the latest of the three general strikes in Finnish history; there have also been general strikes in 1905 and 1917. The 1956 strike occurred from March 1 to March 20, 1956. About 500,000 Finnish citizens took part in the strike. Background Following the end of post-war price control measures by the government in 1955, the prices of many goods and services was on the rise. The cost of living in Finland increased by 7% in two months. The Central Organisation of Finnish Trade Unions (SAK) attempted to raise the overall level of wages to account for the rise in the price level. Though internally conflicted on the fine print, the SAK was demanding a raise of 12 mk per hour, which would raise the wages of Finnish workers by 6–10 percent. The 1956 presidential election coincided with the industrial negotiations. One of the candidates was then-Prime Minister Urho Kekkonen, who didn't want to risk losing the presidential electoral college vote by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Devaluation
In macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket. The opposite of devaluation, a change in the exchange rate making the domestic currency more expensive, is called a ''revaluation''. A monetary authority (e.g., a central bank) maintains a fixed value of its currency by being ready to buy or sell foreign currency with the domestic currency at a stated rate; a devaluation is an indication that the monetary authority will buy and sell foreign currency at a lower rate. However, under a floating exchange rate system (in which exchange rates are determined by market forces acting on the foreign exchange market, and not by government or central bank policy actions), a decrease in a currency's value relative to other major curren ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
