Polish Mark
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Polish Mark
The mark ( pl, marka polska, abbreviated ''Mp'', Polish-language plural declensions: ''marki, marek'') was the currency of the Kingdom of Poland and of the Republic of Poland between 1917 and 1924. It was subdivided into 100 ''fenigs'' (phonetic Polish spelling of German "pfennig"), like its German original after which it was modelled. History During the World War I, in 1915, after defeating the Russians, the Central Powers occupied the whole territory of the former Congress Poland and appointed two Governors General: a German (Hans Hartwig von Beseler) in Warsaw and an Austro-Hungarian () in Lublin. The civil administration of the country was laid into the hands of imported German (mostly Prussian) and Austrian (mostly Polish) officials. Four currencies circulated: the Russian ruble, the papiermark, the ostrubel and the Austro-Hungarian crown. On December 9 the following year, after consultations with the Austrians, the chief of the German Administration, proclaimed th ...
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Polish Złoty
The złoty (; abbreviation: zł; code: PLN) is the official currency and legal tender of Poland. It is subdivided into 100 grosz (''gr'').Singular: ''grosz'', alternative plural forms: ''groszy'', ''grosze''. The widely recognised English form of the currency name is the Polish zloty. It is the most traded currency in Central and Eastern Europe and ranks 22nd most-traded in the foreign exchange market. The word złoty is a masculine form of the Polish adjective 'golden', which closely relates with its name to the guilder whereas the grosz subunit was based on the groschen, cognate to the English word groat. It was officially introduced to replace its predecessor, the Polish mark, on 28 February 1919 and began circulation in 1924. The only body permitted to manufacture or mint złoty coins is Mennica Polska, founded in Warsaw on 10 February 1766. As a result of inflation in the early 1990s, the currency underwent redenomination. Thus, on 1 January 1995, 10,000 old złoty (PLZ) ...
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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 the Ger ...
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Władysław Grabski
Władysław Dominik Grabski (; 7 July 1874 – 1 March 1938) was a Polish National Democratic politician, economist and historian. He was the main author of the currency reform in the Second Polish Republic and served as Prime Minister of Poland in 1920 and from 1923 to 1925. He was the brother of Stanisław Grabski and Zofia Kirkor-Kiedroniowa. He was responsible for the creation of the Bank of Poland and implementing the zloty. Grabski's cabinet became the longest standing cabinet in interwar Poland. At the same time, however, Grabski's cabinet was severely criticized. Stanisław Głąbiński, for example, criticized Grabski's inefficiencies in the sphere of international relations, and Wincenty Witos disapproved of Grabski's deficient agricultural reform, as well as his inability to inform the public of the state's real financial situation. Life Władysław Grabski was born in 1874, in a family manor in Borów (a part of Gmina Bielawy) near Łowicz, Congress Poland, Russ ...
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Partitions Of Poland
The Partitions of Poland were three partitions of the Polish–Lithuanian Commonwealth that took place toward the end of the 18th century and ended the existence of the state, resulting in the elimination of sovereign Poland and Lithuania for 123 years. The partitions were conducted by the Habsburg monarchy, the Kingdom of Prussia, and the Russian Empire, which divided up the Commonwealth lands among themselves progressively in the process of territorial seizures and annexations. The First Partition was decided on August 5, 1772 after the Bar Confederation lost the war with Russia. The Second Partition occurred in the aftermath of the Polish–Russian War of 1792 and the Targowica Confederation of 1792 when Russian and Prussian troops entered the Commonwealth and the partition treaty was signed during the Grodno Sejm on January 23, 1793 (without Austria). The Third Partition took place on October 24, 1795, in reaction to the unsuccessful Polish Kościuszko Uprising the previ ...
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Hyper-inflation
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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Tadeusz Kościuszko
Andrzej Tadeusz Bonawentura Kościuszko ( be, Andréj Tadévuš Banavientúra Kasciúška, en, Andrew Thaddeus Bonaventure Kosciuszko; 4 or 12 February 174615 October 1817) was a Polish Military engineering, military engineer, statesman, and military leader who became a national hero in Belarus, France, Lithuania, Poland and the United States. He fought in the Polish–Lithuanian Commonwealth's struggles against Russian Empire, Russia and Kingdom of Prussia, Prussia, and on the US side in the American Revolutionary War. As Supreme Commander of the Polish National Armed Forces, he led the 1794 Kościuszko Uprising. Kościuszko was born in February 1746, in a manor house on the Mieračoŭščyna, Mereczowszczyzna estate in Brest Litovsk Voivodeship, then Grand Duchy of Lithuania, a part of the Polish–Lithuanian Commonwealth (now Ivatsevichy District of Belarus). At age 20, he graduated from the Corps of Cadets (Warsaw), Corps of Cadets in Warsaw, Poland. After the start of t ...
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Jadwiga Of Poland
Jadwiga (; 1373 or 137417 July 1399), also known as Hedwig ( hu, Hedvig), was the first woman to be crowned as monarch of the Kingdom of Poland. She reigned from 16 October 1384 until her death. She was the youngest daughter of Louis the Great, King of Hungary and Poland, and his wife, Elizabeth of Bosnia. Jadwiga was a member of the Capetian House of Anjou, but she had more close forebears among the Polish Piasts than among the Angevins. In 1375, it was planned that when becoming old enough, she would marry William of Austria and she lived in Vienna from 1378 to 1380. Jadwiga's father is thought to have regarded her and William as his favoured successors in Hungary after the 1379 death of her eldest sister, Catherine, since that same year the Polish nobility had pledged their homage to Louis' second daughter, Mary, and Mary's fiancé, Sigismund of Luxembourg. However, Louis died, and in 1382, at her mother's insistence, Mary was crowned "King of Hungary". Sigismund of Luxemb ...
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Armistice
An armistice is a formal agreement of warring parties to stop fighting. It is not necessarily the end of a war, as it may constitute only a cessation of hostilities while an attempt is made to negotiate a lasting peace. It is derived from the Latin ''arma'', meaning "arms" (as in weapons) and ''-stitium'', meaning "a stopping". The United Nations Security Council often imposes, or tries to impose, cease-fire resolutions on parties in modern conflicts. Armistices are always negotiated between the parties themselves and are thus generally seen as more binding than non-mandatory UN cease-fire resolutions in modern international law. An armistice is a '' modus vivendi'' and is not the same as a peace treaty, which may take months or even years to agree on. The 1953 Korean War Armistice Agreement is a major example of an armistice which has not been followed by a peace treaty. An armistice is also different from a truce or ceasefire, which refer to a temporary cessation of hostiliti ...
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Coat Of Arms Of Poland
The coat of arms of Poland is a white, crowned Eagle (heraldry), eagle with a golden beak and talons, on a red background. In Poland, the coat of arms as a whole is referred to as ''godło'' both in official documents and colloquial speech, despite the fact that other coats of arms are usually called a ''herb'' (e.g. the Nałęcz coat of arms, Nałęcz ''herb'' or the coat of arms of Finland). This stems from the fact that in Polish heraldry, the word ''godło'' (plural: ''godła'') means only a heraldic charge (in this particular case a white crowned eagle) and not an entire coat of arms, but it is also an archaic word for a national symbol of any sort. In later legislation only the ''herb'' retained this designation; it is unknown why. Legal basis The coat of arms of the Republic of Poland is described in two legal documents: the Constitution of the Republic of Poland of 1997
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Reichsbank
The ''Reichsbank'' (; 'Bank of the Reich, Bank of the Realm') was the central bank of the German Reich from 1876 until 1945. History until 1933 The Reichsbank was founded on 1 January 1876, shortly after the establishment of the German Empire in 1871. It was the central bank of Prussia, under the close control of the Reich government. Its first president was Hermann von Dechend. Before unification in 1871, Germany had 31 central banks – the Notenbanken ("note banks"). Each of the independent states issued their own money. In 1870, a law was passed that forbade the formation of further central banks. In 1874, a draft banking law was introduced in the ''Reichstag'', the federal legislature of the German Reich. After several changes and compromises, the law was passed in 1875. Despite the creation of the Reichsbank, however, four of the ''Notenbanken'' – Baden, Bavaria, Saxony and Württemberg – continued to exist until 1914 . The Reichsbank experienced both ...
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Austro-Hungarian Crown
The crown (german: Krone, hu, korona, it, Corona, pl, korona, sl, krona, sh, kruna, cz, koruna, sk, koruna, ro, coroană) was the official currency of Austria-Hungary from 1892 (when it replaced the florin as part of the adoption of the gold standard) until the dissolution of the empire in 1918. The subunit was one hundredth of the main unit, and was called a in German and a in Hungarian. Name The official name of the currency was (, pl. ) in Austria and in Hungary. The Latin form (plural ), abbreviated to on the smaller coins, was used for the coinage of the mostly German-speaking part of the empire known as Cisleithania. Currency names in other ethnic languages were also recognised and appeared on the banknotes: (pl. ) in Czech, (pl. ) in Polish, , (pl. , ) in Ukrainian, (pl. ) in Italian, (pl. ) in Slovene, (pl. ) in Croatian, , (singular and plural) in Serbian, (pl. ) in Slovak, and (pl. ) in Romanian. These terms all translate to the English ...
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