New Jersey Pound
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New Jersey Pound
The pound was the currency of New Jersey until 1793. Initially, sterling coin and some foreign currencies circulated, supplemented from 1709 by local paper money. Although the notes were denominated in £sd, they were worth less than sterling. A proclamation of Queen Anne, issued in 1704 and legislated by parliament in 1707, standardized the value of all colonial currencies at 6 colonial shillings to a full weight Spanish dollar, which was in turn equivalent to 4s.6d. sterling. This made a colonial shilling equivalent to 9d sterling and a colonial pound equivalent to 2 troy oz 18 dwt 8 gr (1,400 grains / 90.7 grams) of silver. Currency issued at this rate was referred to as “Proclamation Money”. The currency of colonial New Jersey consisted of bills of credit which circulated as legal tender. Each issue was inscribed with the weight of silver it was current for. The initial 1709 issue passed at the rate of 2½ ounces of silver per New Jersey pound, but issues after 1 ...
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Queen Anne's War
Queen Anne's War (1702–1713) was the second in a series of French and Indian Wars fought in North America involving the colonial empires of Great Britain, France, and Spain; it took place during the reign of Anne, Queen of Great Britain. In Europe, it is generally viewed as the American theater of the War of the Spanish Succession; in the Americas, it is more commonly viewed as a standalone conflict. It is also known as the Third Indian War. In France it was known as the Second Intercolonial War. Outline of the war The war broke out in 1701 and was primarily a conflict among French, Spanish and English colonists for control of the North American continent while the War of the Spanish Succession was being fought in Europe. Each side was allied with various Indigenous communities. It was fought on four fronts: # In the south, Spanish Florida and the English Province of Carolina attacked one another, and English colonists engaged French colonists based at Fort Louis de la Louis ...
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Economic History Of New Jersey
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. How ...
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1793 Disestablishments In New Jersey
The French Republic introduced the French Revolutionary Calendar starting with the year I. Events January–June * January 7 – The Ebel riot occurs in Sweden. * January 9 – Jean-Pierre Blanchard becomes the first to fly in a gas balloon in the United States. * January 13 – Nicolas Jean Hugon de Bassville, a representative of Revolutionary France, is lynched by a mob in Rome. * January 21 – French Revolution: After being found guilty of treason by the French National Convention, ''Citizen Capet'', Louis XVI of France, is guillotined in Paris. * January 23 – Second Partition of Poland: The Russian Empire and the Kingdom of Prussia partition the Polish–Lithuanian Commonwealth. * February – In Manchester, Vermont, the wife of a captain falls ill, probably with tuberculosis. Some locals believe that the cause of her illness is that a demon vampire is sucking her blood. As a cure, Timothy Mead burns the heart of a deceased person i ...
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Historical Currencies Of The United States
History (derived ) is the systematic study and the documentation of the human activity. The time period of event before the invention of writing systems is considered prehistory. "History" is an umbrella term comprising past events as well as the memory, discovery, collection, organization, presentation, and interpretation of these events. Historians seek knowledge of the past using historical sources such as written documents, oral accounts, art and material artifacts, and ecological markers. History is not complete and still has debatable mysteries. History is also an academic discipline which uses narrative to describe, examine, question, and analyze past events, and investigate their patterns of cause and effect. Historians often debate which narrative best explains an event, as well as the significance of different causes and effects. Historians also debate the nature of history as an end in itself, as well as its usefulness to give perspective on the problems of the p ...
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Treasurer
A treasurer is the person responsible for running the treasury of an organization. The significant core functions of a corporate treasurer include cash and liquidity management, risk management, and corporate finance. Government The treasury of a country is the department responsible for the country's economy, finance and revenue. The treasurer is generally the head of the treasury, although, in some countries (such as the United Kingdom or the United States) the treasury reports to a Secretary of the Treasury or Chancellor of the Exchequer. In Australia, the Treasurer is a senior minister and usually the second or third most important member of the government after the Prime Minister and Deputy Prime Minister. Each Australian state and self-governing territory also has its own treasurer. From 1867 to 1993, Ontario's Minister of Finance was called the Treasurer of Ontario. Originally the word referred to the person in charge of the treasure of a noble; however, it has now m ...
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John Stevens (inventor, Born 1749)
Col. John Stevens, III (June 26, 1749 – March 6, 1838) was an American lawyer, engineer, and inventor who constructed the first U.S. steam locomotive, first steam-powered ferry, and first U.S. commercial ferry service from his estate in Hoboken. He was influential in the creation of U.S. patent law. Early life Stevens was born June 26, 1749, in New York City, New York. He was the only son of John Stevens Jr. (1715–1792), a prominent state politician who served as a delegate to the Continental Congress, and Elizabeth Alexander (1726–1800). His sister, Mary Stevens (d. 1814), married Robert R. Livingston, the first Chancellor of the State of New York. His maternal grandparents were James Alexander (1691–1756), the Attorney General of New Jersey, and Mary (née Spratt) Provoost Alexander (1693–1760), herself a prominent merchant in New York City. His paternal grandfather, John Stevens, emigrated from London England around 1695, and was married to Mary Campbell. H ...
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Spanish Dollars
The Spanish dollar, also known as the piece of eight ( es, Real de a ocho, , , or ), is a silver coin of approximately diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content 25.563 g = 0.822 oz t fine silver. It was widely used as the first international currency because of its uniformity in standard and milling characteristics. Some countries countermarked the Spanish dollar so it could be used as their local currency. Because the Spanish dollar was widely used in Europe, the Americas, and the Far East, it became the first world currency by the late 18th century. The Spanish dollar was the coin upon which the original United States dollar was based (at 0.7735 oz t = 24.0566 g), and it remained legal tender in the United States until the Coinage Act of 1857. Many other currencies around the world, such as the Japanese yen and the Chinese yuan, were initially based on the Spanish dollar and other 8-real coin ...
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Continental Currency
Early American currency went through several stages of development during the colonial and post-Revolutionary history of the United States. John Hull was authorized by the Massachusetts legislature to make the earliest coinage of the colony (the willow, the oak, and the pine tree shilling) in 1652. Because few coins were minted in the Thirteen Colonies, which later became the United Colonies and then the United States, foreign coins like the Spanish dollar were widely circulated. Colonial governments, at times, issued paper money to facilitate economic activities. The British Parliament passed Currency Acts in 1751, 1764, and 1773 to regulate colonial paper money. During the American Revolution, the Colonies became independent states. No longer subject to monetary regulations arbitrarily imposed by the British Parliament, the States began to issue paper money to pay for military expenses. The Continental Congress also issued paper money during the Revolution — known as Conti ...
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French And Indian War
The French and Indian War (1754–1763) was a theater of the Seven Years' War, which pitted the North American colonies of the British Empire against those of the French, each side being supported by various Native American tribes. At the start of the war, the French colonies had a population of roughly 60,000 settlers, compared with 2 million in the British colonies. The outnumbered French particularly depended on their native allies. Two years into the French and Indian War, in 1756, Great Britain declared war on France, beginning the worldwide Seven Years' War. Many view the French and Indian War as being merely the American theater of this conflict; however, in the United States the French and Indian War is viewed as a singular conflict which was not associated with any European war. French Canadians call it the ('War of the Conquest').: 1756–1763 The British colonists were supported at various times by the Iroquois, Catawba, and Cherokee tribes, and the French ...
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Bills Of Credit
Bills of credit are documents similar to banknotes issued by a government that represent a government's indebtedness to the holder. They are typically designed to circulate as currency or currency substitutes. Bills of credit are mentioned in Article One, Section 10, Clause One (also known as the Contract Clause) of the United States Constitution, where their issuance by state governments is prohibited. History Use in the American Colonies (pre-1775) British colonies in North America would issue bills of credit in order to deal with fiscal crises, although doing so without receiving them as revenue in like amounts would increase the money supply, resulting in price inflation and a drop in value relative to the pound sterling. The documents would circulate as if they were currency, and colonial governments would accept them as payment for debts like taxes. They were not always considered legal tender for private debts. Colonial decisions on the issuance of bills of credit were a ...
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Verso New Jersey 3 Shillings 1776 Urn-3 HBS
'''' is the "right" or "front" side and ''verso'' is the "left" or "back" side when text is written or printed on a leaf of paper () in a bound item such as a codex, book, broadsheet, or pamphlet. Etymology The terms are shortened from Latin: and ' (which translate as "on the right side of the leaf" and "on the back side of the leaf"). The two opposite pages themselves are called ' and ' in Latin, and the ablative ', ' already imply that the text on the page (and not the physical page itself) are referred to. Usage In codicology, each physical sheet (', abbreviated ''fol.'' or ''f.'') of a manuscript is numbered, and the sides are referred to as ' and ', abbreviated as ''r'' and ''v'' respectively. Editions of manuscripts will thus mark the position of text in the original manuscript in the form ''fol. 1r'', sometimes with the ''r'' and ''v'' in superscript, as in ''1r'', or with a superscript ''o'' indicating the ablative ', ', as in ''1ro''. This terminology has been ...
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