Korean Yang
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Korean Yang
The yang (양/兩) was the currency of Korea between 1892 and 1902. It was subdivided into 10 ''jeon'' (전/錢) or 100 ''bun'' (분/分); and 5 yang = 1 ''hwan'' (환/圜). Etymology The word yang (兩) is a cognate of the Chinese "tael" (Mandarin ). Fun (pronounced "pun" but spelt with an "f" on the coins), is also a cognate of a Chinese word, Mandarin , which is equal to yuan, whilst hwan is a cognate of yuan itself. History Just before the yang was introduced, a small number of coins denominated in ''hwan'' (환/圜) and ''mun'' (문/文) were minted (1 won = 1000 mun). It is unclear whether these coins circulated. The 1 won and 5 yang coins were equal in size, containing 416 grains of silver. However, before 1892, the main currency of Korea was the mun, a denomination based on the Chinese cash (Mandarin ). The mintage and circulation of modern currency began during the last years of the Joseon Dynasty as a result of contact with the West, using equipment to pr ...
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Korea
Korea ( ko, 한국, or , ) is a peninsular region in East Asia. Since 1945, it has been divided at or near the 38th parallel, with North Korea (Democratic People's Republic of Korea) comprising its northern half and South Korea (Republic of Korea) comprising its southern half. Korea consists of the Korean Peninsula, Jeju Island, and several minor islands near the peninsula. The peninsula is bordered by China to the northwest and Russia to the northeast. It is separated from Japan to the east by the Korea Strait and the Sea of Japan (East Sea). During the first half of the 1st millennium, Korea was divided between three states, Goguryeo, Baekje, and Silla, together known as the Three Kingdoms of Korea. In the second half of the 1st millennium, Silla defeated and conquered Baekje and Goguryeo, leading to the "Unified Silla" period. Meanwhile, Balhae formed in the north, superseding former Goguryeo. Unified Silla eventually collapsed into three separate states due to ...
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Copper-nickel
Cupronickel or copper-nickel (CuNi) is an alloy of copper that contains nickel and strengthening elements, such as iron and manganese. The copper content typically varies from 60 to 90 percent. (Monel is a nickel-copper alloy that contains a minimum of 52 percent nickel.) Despite its high copper content, cupronickel is silver in colour. Cupronickel is highly resistant to corrosion by salt water, and is therefore used for piping, heat exchangers and condensers in seawater systems, as well as for marine hardware. It is sometimes used for the propellers, propeller shafts, and hulls of high-quality boats. Other uses include military equipment and chemical, petrochemical, and electrical industries. Another common 20th-century use of cupronickel was silver-coloured coins. For this use, the typical alloy has 3:1 copper to nickel ratio, with very small amounts of manganese. In the past, true silver coins were debased with cupronickel, such as coins of the pound sterling from 1947 onward ...
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Yongsan
Yongsan District (, ) is one of the 25 districts of Seoul, South Korea. Yongsan has a population of 231,685 (2020) and has a geographic area of , and is divided into 19 '' dong'' (administrative neighborhoods). Yongsan is located in central Seoul on the northern bank of the Han River, bordering the city districts of Jung to the north, Mapo to the west, Yeongdeungpo and Dongjak to the southwest, Seocho and Gangnam District to the southeast, and Seongdong to the east. Description Yongsan District is a district in central Seoul, South Korea. It sits to the north of the Han River and is part of the '' Seongjeosimni'' (Outer old Seoul) area immediately south of Seoul's historic center in Jung district on the southern side of Namsan. It is home to roughly 250,000 people and is divided into 20 dong, or neighborhoods. Notable locations in Yongsan District include Yongsan Station, the sprawling Yongsan Electronics Market, Haebangchon and the Itaewon commercial district. Itaewon is w ...
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Legal Tender
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. Some jurisdictions allow contract law to overrule the status of legal tender, allowing (for example) merchants to specify that they will not accept cash payments. Coins and banknotes are usually defined as legal tender in many countries, but personal cheques, credit cards, and similar non-cash methods of payment are usually not. Some jurisdictions may include a specific foreign currency as legal tender, at times as its exclusive legal tender or concurrently with its domestic currency. Some jurisdictions may forbid or restrict payment made by other than legal ...
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Cupronickel
Cupronickel or copper-nickel (CuNi) is an alloy of copper that contains nickel and strengthening elements, such as iron and manganese. The copper content typically varies from 60 to 90 percent. (Monel is a nickel-copper alloy that contains a minimum of 52 percent nickel.) Despite its high copper content, cupronickel is silver in colour. Cupronickel is highly resistant to corrosion by salt water, and is therefore used for piping, heat exchangers and condensers in seawater systems, as well as for marine hardware. It is sometimes used for the propellers, propeller shafts, and hulls of high-quality boats. Other uses include military equipment and chemical, petrochemical, and electrical industries. Another common 20th-century use of cupronickel was silver-coloured coins. For this use, the typical alloy has 3:1 copper to nickel ratio, with very small amounts of manganese. In the past, true silver coins were debased with cupronickel, such as coins of the pound sterling from 1947 onwar ...
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Qing Dynasty
The Qing dynasty ( ), officially the Great Qing,, was a Manchu-led imperial dynasty of China and the last orthodox dynasty in Chinese history. It emerged from the Later Jin dynasty founded by the Jianzhou Jurchens, a Tungusic-speaking ethnic group who unified other Jurchen tribes to form a new "Manchu" ethnic identity. The dynasty was officially proclaimed in 1636 in Manchuria (modern-day Northeast China and Outer Manchuria). It seized control of Beijing in 1644, then later expanded its rule over the whole of China proper and Taiwan, and finally expanded into Inner Asia. The dynasty lasted until 1912 when it was overthrown in the Xinhai Revolution. In orthodox Chinese historiography, the Qing dynasty was preceded by the Ming dynasty and succeeded by the Republic of China. The multiethnic Qing dynasty lasted for almost three centuries and assembled the territorial base for modern China. It was the largest imperial dynasty in the history of China and in 1790 the f ...
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Vassal State
A vassal state is any state that has a mutual obligation to a superior state or empire, in a status similar to that of a vassal in the feudal system in medieval Europe. Vassal states were common among the empires of the Near East, dating back to the era of the Egyptian, Hittite and Mitanni conflict, as well as ancient China. The use of vassal states continued through the Middle Ages, with the last empire to use such states being the Ottoman Empire. The relationships between vassal rulers and empires was dependent on the policies and agreements of each empire. While payment of tribute and military service is common amongst vassal states, the degree of independence and benefits given to vassal states varied. Today, more common terms are puppet state, protectorate, client state, associated state or satellite state. Historical examples Ancient Egypt The reign of Thutmose III (1479 BC-1425 BC) laid the foundations for the systems that functioned during the Amarna period of Egypt ...
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Yuan Shikai
Yuan Shikai (; 16 September 1859 – 6 June 1916) was a Chinese military and government official who rose to power during the late Qing dynasty and eventually ended the Qing dynasty rule of China in 1912, later becoming the Emperor of China. He first tried to save the dynasty with a number of modernization projects including bureaucratic, fiscal, judicial, educational, and other reforms, despite playing a key part in the failure of the Hundred Days' Reform. He established the first modern army and a more efficient provincial government in North China during the last years of the Qing dynasty before forcing the abdication of the Xuantong Emperor, the last monarch of the Qing dynasty in 1912. Through negotiation, he became the first President of the Republic of China in 1912. This army and bureaucratic control were the foundation of his autocratic rule. In 1915 he attempted to restore the hereditary monarchy in China, with himself as the Hongxian Emperor (). His death in 1916 ...
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Daehan
There are various names of Korea in use today, all derived from ancient kingdoms and dynasties. The modern English name "Korea" is an exonym derived from the name Goryeo, also spelled ''Koryŏ'', and is used by both North Korea and South Korea in international contexts. In the Korean language, the two Koreas use different terms to refer to the nominally unified nation: ''Joseon'' (, ) in North Korea and ''Hanguk'' (, ) in South Korea. Ethnic Koreans living in China and Japan also use the term ''Joseon'' to refer to Korea. History The earliest records of Korean history are written in Chinese characters called hanja. Even after the invention of hangul, Koreans generally recorded native Korean names with hanja, by translation of meaning, transliteration of sound, or even combinations of the two. Furthermore, the pronunciations of the same character are somewhat different in Korean and the various Korean dialects, and have changed over time. For all these reasons, in addition to the ...
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Gold Standard
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves. Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a ''de facto'' gold standard in 1717 when Sir Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the world's leading financ ...
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Names Of Korea
There are various names of Korea in use today, all derived from ancient kingdoms and dynasties. The modern English name "Korea" is an exonym derived from the name Goryeo, also spelled ''Koryŏ'', and is used by both North Korea and South Korea in international contexts. In the Korean language, the two Koreas use different terms to refer to the nominally unified nation: ''Joseon'' (, ) in North Korea and ''Hanguk'' (, ) in South Korea. Ethnic Koreans living in China and Japan also use the term ''Joseon'' to refer to Korea. History The earliest records of Korean history are written in Chinese characters called hanja. Even after the invention of hangul, Koreans generally recorded native Korean names with hanja, by translation of meaning, transliteration of sound, or even combinations of the two. Furthermore, the pronunciations of the same character are somewhat different in Korean and the various Korean dialects, and have changed over time. For all these reasons, in addition to the ...
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Korean Won
The Korean won ( ko, 원 (圓), ) or Korean Empire won (Korean: 대한제국 원), was the official currency of the Korean Empire between 1902 and 1910. It was subdivided into 100 ''jeon'' (; ko, 전 (錢), ). Etymology Won is a cognate of the Chinese yuan and Japanese yen, which were both derived from the Spanish-American silver dollar. It is derived from the hanja (, ''won''), meaning "round", which describes the shape of the silver dollar. History The Korean won, Chinese yuan and Japanese yen were all derived from the Spanish-American silver dollar, a coin widely used for international trade between Asia and the Americas from the 16th to 19th centuries. On May 22, 1901 the Korean Empire adopted the gold standard in response to many other countries doing the same. The won was introduced in 1902, replacing the yang at a rate of 1 won = 10 yang. Units: 1 won = 100 jeon (錢), 1 jeon = 5 bun (分, "fun" ec. yesteryear spellings) of the preceding currency. Go ...
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