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Luxembourgish Franc
The Luxembourg franc (''F'' or ISO ''LUF'', lb, Frang), subdivided into 100 centimes, was the currency of Luxembourg between 1854 and 2002, except in 1941–44. In 1944–2002, its value was equal to that of the Belgian franc. The franc remained in circulation until 2002, when it was replaced by the euro. During the period 1999–2002, the franc was officially a subdivision of the euro (€1 = 40.3399F), but the euro did not circulate in physical form before 1 January 2002. Under the principle of "no obligation and no prohibition", financial transactions could be conducted in euros and francs, but physical payments could be made only in francs, as euro notes and coins were not available yet. History The conquest of most of western Europe by Revolutionary and Napoleonic France led to the French franc's wide circulation, including in Luxembourg. However, incorporation into the Netherlands in 1815 resulted in the Dutch guilder becoming Luxembourg's currency. Following Belgium's ...
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Belgian Franc
The Belgian franc ( nl, Belgische frank, french: Franc belge, german: Belgischer Franken) was the currency of the Kingdom of Belgium from 1832 until 2002 when the Euro was introduced. It was subdivided into 100 subunits, each known as a in Dutch, in French or a in German. History The ''gulden'' (guilder) of 20 '' stuivers'' was the currency of present-day Belgium from the 15th to 19th centuries until its replacement in 1832 by the Belgian franc. Its value differed from the gulden of the Dutch Republic during the latter's separation from Belgium from 1581 to 1816. Standard coins issued in Belgium include: * From 1618: the ''patagon'' or ''Albertusthaler'' of 24.55 g fine silver, worth 2.4 gulden or 48 stuiver (or 10.23 g fine silver per gulden) * From 1754: the '' kronenthaler'' of 25.71 g fine silver, worth 3.15 gulden ''currency'' or 2.7 ''gulden of exchange'' (9.52 g silver per exchange gulden). The French silver écu of 26.67 g silver was also accepted for 2.8 exchange g ...
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Prussia
Prussia, , Old Prussian: ''Prūsa'' or ''Prūsija'' was a German state on the southeast coast of the Baltic Sea. It formed the German Empire under Prussian rule when it united the German states in 1871. It was ''de facto'' dissolved by an emergency decree transferring powers of the Prussian government to German Chancellor Franz von Papen in 1932 and ''de jure'' by an Allied decree in 1947. For centuries, the House of Hohenzollern ruled Prussia, expanding its size with the Prussian Army. Prussia, with its capital at Königsberg and then, when it became the Kingdom of Prussia in 1701, Berlin, decisively shaped the history of Germany. In 1871, Prussian Minister-President Otto von Bismarck united most German principalities into the German Empire under his leadership, although this was considered to be a " Lesser Germany" because Austria and Switzerland were not included. In November 1918, the monarchies were abolished and the nobility lost its political power during ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, massa ...
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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 onwa ...
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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 Ferdi ...
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Jacques Santer
Jacques Santer (born 18 May 1937) is a Luxembourg politician who served as the 9th President of the European Commission from 1995 to 1999. He served as Finance Minister of Luxembourg from 1979 until 1989, and the 20th Prime Minister of Luxembourg from 1984 to 1995, as a member of the Christian Social People's Party (CSV), which was the leading party in the Luxembourg government between 1979 and 2013. As Prime Minister of Luxembourg he also led the negotiations on the Single European Act, which effectively set aside the 20-year-old Luxembourg Compromise. Career He graduated in 1959 from the Paris Institute of Political Studies, and received his doctorate in law in 1961. From 1972 to 1974 he was a junior minister in the government. From 1979 to 1984 he was Minister of Finance, Minister for Work and Minister for Social Security, under Pierre Werner, in the coalition government between the Christian Social People's Party (CSV) and the liberal Democratic Party. After the g ...
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Grand Duke Jean
Jean (Jean Benoît Guillaume Robert Antoine Louis Marie Adolphe Marc d'Aviano; 5 January 1921 – 23 April 2019) was the Grand Duke of Luxembourg from 1964 until his abdication in 2000. He was the first Grand Duke of Luxembourg of French agnatic descent. Jean was the eldest son of Grand Duchess Charlotte and Prince Felix. Jean's primary education was initially in Luxembourg, before attending Ampleforth College in England. In 1938, he was officially named Hereditary Grand Duke as heir-apparent to the throne of Luxembourg. While Luxembourg was occupied by Germans during the Second World War, the grand ducal family was abroad in exile. Jean studied at the Université Laval in Quebec City. Jean later volunteered to join the British army's Irish Guards in 1942, and after graduating from the Royal Military Academy Sandhurst, received his commission in 1943. He participated in the Normandy landings and the Battle for Caen, and joined the Allied forces in the liberation of Luxembourg ...
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Grand Duchess Charlotte
Charlotte (Charlotte Adelgonde Elisabeth Marie Wilhelmine; 23 January 1896 – 9 July 1985) reigned as Grand Duchess of Luxembourg from 14 January 1919 until her abdication on 12 November 1964. She acceded to the throne on 14 January 1919 following the abdication of her sister, Marie-Adélaïde, due to political pressure over Marie-Adélaïde's role during the German occupation of Luxembourg during World War I. A referendum retained the monarchy with Charlotte as grand duchess. She married Prince Felix of Bourbon-Parma on 6 November 1919. They had six children. Following the 1940 German invasion of Luxembourg during World War II, Charlotte went into exile: first in France, then Portugal, Great Britain, and North America. While in Britain, she made broadcasts to the people of Luxembourg. She returned to Luxembourg in April 1945. She abdicated in 1964, and was succeeded by her son Jean. Charlotte died from cancer on 9 July 1985. She was the last agnatic member of the House of ...
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Jean-Claude Juncker
Jean-Claude Juncker (; born 9 December 1954) is a Luxembourgish politician who served as the 21st Prime Minister of Luxembourg from 1995 to 2013 and 12th President of the European Commission from 2014 to 2019. He also served as Finance Minister from 1989 to 2009 and President of the Eurogroup from 2005 to 2013. By the time Juncker left office as Prime Minister in 2013, he was the longest-serving head of any national government in the EU and one of the longest-serving democratically elected leaders in the world, with his tenure encompassing the height of the European financial and sovereign debt crisis. In 2005, he became the first permanent President of the Eurogroup. In 2014, the European People's Party (EPP) had Juncker as its lead candidate, or ''Spitzenkandidat'', for the presidency of the Commission in the 2014 elections. This marked the first time that the ''Spitzenkandidat'' process was employed. Juncker is the first president to have campaigned as a candidate for the po ...
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European Exchange Rate Mechanism
The European Exchange Rate Mechanism (ERM II) is a system introduced by the European Economic Community on 1 January 1999 alongside the introduction of a single currency, the euro (replacing ERM 1 and the euro's predecessor, the ECU) as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe. After the adoption of the euro, policy changed to linking currencies of EU countries outside the eurozone to the euro (having the common currency as a central point). The goal was to improve the stability of those currencies, as well as to gain an evaluation mechanism for potential eurozone members. As of July 2021, three currencies participate in ERM II: the Danish krone, the Croatian kuna and the Bulgarian lev. Intent and operation of the ERM II The ERM is based on the concept of fixed currency exchange rate margins, but with exchange rates variable within those margins. This is also known as a semi-pegged system ...
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German Reichsmark
The (; sign: ℛℳ; abbreviation: RM) was the currency of Germany from 1924 until 20 June 1948 in West Germany, where it was replaced with the , and until 23 June 1948 in East Germany, where it was replaced by the East German mark. The Reichsmark was subdivided into 100 s (Rpf or ℛ₰). The Mark is an ancient Germanic weight measure, traditionally a half pound, later used for several coins; whereas (''realm'' in English), comes from the official name for the German state from 1871 to 1945, . History The Reichsmark was introduced in 1924 as a permanent replacement for the Papiermark. This was necessary due to the 1920s German inflation which had reached its peak in 1923. The exchange rate between the old Papiermark and the Reichsmark was = 1012  ℳ (one trillion in American English and French, one billion in German and other European languages and British English of the time; see long and short scale). To stabilize the economy and to smooth the transition, the Papie ...
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