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Prussian Vereinsthaler
The ''Vereinsthaler'' was the currency of Prussia between 1857 and 1873. It replaced the ''Thaler'' at par and was replaced by the Mark at a rate of 1 ''Vereinsthaler'' = 3 ''Mark''. The ''Vereinsthaler'' was subdivided into 30 ''Silbergroschen'', each of 12 ''Pfennings''.Shaw (1896), p. 382. Literature * William Arthur Shaw William Arthur Shaw (1865–1943) was an English historian and archivist. Life Born on 19 April 1865, in Hooley Hill, Ashton-under-Lyne, now in Greater Manchester, he was the son of James Shaw and his wife Sarah Ann Hampshire. He graduated B.A ... (1896)''The History of Currency, 1252 to 1896'' New York: G.P. Putnam's Sons; London: Clement Wilson. References Currencies of Germany 1857 establishments in Germany 1873 disestablishments in Germany 19th-century economic history Economy of Prussia {{Germany-hist-stub ...
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Vereinsthaler
The Vereinsthaler (, ''union thaler'') was a standard silver coin used in most German states and the Austrian Empire in the years before German unification. The Vereinsthaler was introduced in 1857 to replace the various versions of the North German thaler, many of which were already set at par with the Prussian thaler. While the earlier Prussian Thaler was slightly heavier at th a Cologne mark of fine silver (16.704 grams), the Vereinsthaler contained grams of silver, which was indicated on the coins as one thirtieth of a metric pound (Pfund, equal to 500 grams). Distribution The Vereinsthaler was used as the base for several different currencies. In Prussia and several other northern German states, the Vereinsthaler was the standard unit of account, divided into 30 Silbergroschen, each of 12 Pfennig. See Prussian Vereinsthaler. In Saxony, the Neugroschen was equal to the Prussian Silbergroschen but was divided into 10 Pfennig. See Saxon Vereinsthaler. Some other n ...
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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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German Gold Mark
The German mark (german: Goldmark ; sign: ℳ) was the currency of the German Empire, which spanned from 1871 to 1918. The mark was paired with the minor unit of the pfennig (₰); 100 pfennigs were equivalent to 1 mark. The mark was on the gold standard from 1871–1914, but like most nations during World War I, the German Empire removed the gold backing in August 1914, and gold and silver coins ceased to circulate. After the fall of the Empire due to the November Revolution of 1918, the mark was succeeded by the Weimar Republic's mark, derisively referred to as the Papiermark ("Paper mark") due to hyperinflation in the Weimar Republic from 1918–1923. History The introduction of the German mark in 1873 was the culmination of decades-long efforts to unify the various currencies used by the German Confederation.pp 205-218 https://books.google.com/books?id=GrJCAAAAIAAJ&pg=PA205#v=onepage&q&f=false The Zollverein unified in 1838 the Prussian and South German currenc ...
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Silbergroschen
The ''Silbergroschen'' was a coin used in Prussia and several other German Confederation states in northern Germany during the 19th century, worth one thirtieth of a Thaler.Friedrich von Schrötter: ''Wörterbuch der Münzkunde.'' 2nd edn. 1970, p. 636. The first ''Silbergroschen'' was issued by the Electorate of Saxony in 1475. This series ended in the 1550s, but the coin was reintroduced in Prussia in 1821 and was adopted by over a dozen other kingdoms, duchies and principalities as they switched to using the Prussian currency system of 12 ''Pfennig'' = 1 ''Silbergroschen'', 30 ''Silbergroschen'' = 1 ''Thaler'' (name changed to ''Vereinsthaler'' after 1857). ''Silbergroschen'' were replaced with 10 ''Pfennig'' pieces when the German Empire decimalized following unification in 1871. References See also *Saxon coin history The history of Saxon coinage or Meissen-Saxon coinage comprises three major periods: the high medieval regional pfennig period (bracteate period), th ...
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Pfennig
The 'pfennig' (; . 'pfennigs' or ; symbol pf or ₰) or penny is a former German coin or note, which was the official currency from the 9th century until the introduction of the euro in 2002. While a valuable coin during the Middle Ages, it lost its value through the years and was the minor coin of the Mark currencies in the German Reich, West and East Germany, and the reunified Germany until the introduction of the euro. Pfennig was also the name of the subunit of the Danzig mark (1922–1923) and the Danzig gulden (1923–1939) in the Free City of Danzig (modern Gdańsk, Poland). Overview Name The word ''Pfennig'' (replacing the ''denarius'' or ''denarius'' as a low-denomination silver coin) can be traced back to the 8th century and also became known as the ''Penning'', ''Panni(n)g '', ''Pfenni(n)c'', ''Pfending'' and by other names, e.g. in Prussia until 1873, ''Pfenning''. The ''-ing''- or ''-inc'' suffix was used, in addition to ''-ung'', the formation of affil ...
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William Arthur Shaw
William Arthur Shaw (1865–1943) was an English historian and archivist. Life Born on 19 April 1865, in Hooley Hill, Ashton-under-Lyne, now in Greater Manchester, he was the son of James Shaw and his wife Sarah Ann Hampshire. He graduated B.A. at Owens College in 1883. Shaw worked for the Chetham Society, and then the Public Record Office, as an editor. In 1940 he was elected a Fellow of the British Academy. He died on 15 April 1943. The majority of his later life was devoted to the calendaring of Treasury records of the later Stuart and early Georgian period, between 1660 and 1745. These were published with extensive introductions, charting his view of the development of the national financial administration and other topics, and often challenging the received wisdom. F.H. Slingsby, who brought Shaw's posthumous final volumes to press, considered that the "animosities" expressed in some of these introductions were "usually well founded"; although P.G.M. Dickson considere ...
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Currencies Of Germany
This is a list of current and historical currency of Germany. The sole currency of Germany has been the Euro since 2002. List {, class="wikitable sortable" , - !class=unsortable , Currency ! Area !Date created !Date abolished , - , Euro , , 1999 , current currency , - , Deutsche Mark , (unified) , 1990 (unified)1948 (West Germany) , 2002 , - , East German mark , , 1948 , 1990 , - , Saar franc , Saarland , 1947 , 1959 , - , Saar mark , Saarland , 1947 , 1947 , - , Reichsmark , , 1924 , 1948 , - , German Rentenmark , , 1923 , 1924 , - , German Papiermark , , 1914 , 1923 , - , German gold mark , , 1873 , 1914 , - , Vereinsthaler , North German states , 1857 , 1873 , - , South German gulden , South German states , 1754 , 1873 , - , North German thaler , North German states , 1690 , 1873 , - , Hamburg mark The Hamburg Mark refers to two distinct currencies issued in the city of Hamburg until 1875: * The Hamburg Mark Banco, a bank money and an accounting unit, and * The H ...
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1857 Establishments In Germany
Events January–March * January 1 – The biggest Estonian newspaper, ''Postimees'', is established by Johann Voldemar Jannsen. * January 7 – The partly French-owned London General Omnibus Company begins operating. * January 9 – The 7.9 Fort Tejon earthquake shakes Central and Southern California, with a maximum Mercalli intensity of IX (''Violent''). * January 24 – The University of Calcutta is established in Calcutta, as the first multidisciplinary modern university in South Asia. The University of Bombay is also established in Bombay, British India, this year. * February 3 – The National Deaf Mute College (later renamed Gallaudet University) is established in Washington, D.C., becoming the first school for the advanced education of the deaf. * February 5 – The Federal Constitution of the United Mexican States is promulgated. * March – The Austrian garrison leaves Bucharest. * March 3 ** France and the United Kingdom formall ...
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1873 Disestablishments In Germany
Events January–March * January 1 ** Japan adopts the Gregorian calendar. ** The California Penal Code goes into effect. * January 17 – American Indian Wars: Modoc War: First Battle of the Stronghold – Modoc Indians defeat the United States Army. * February 11 – The Spanish Cortes deposes King Amadeus I, and proclaims the First Spanish Republic. * February 12 ** Emilio Castelar, the former foreign minister, becomes prime minister of the new Spanish Republic. ** The Coinage Act of 1873 in the United States is signed into law by President Ulysses S. Grant; coming into effect on April 1, it ends bimetallism in the U.S., and places the country on the gold standard. * February 20 ** The University of California opens its first medical school in San Francisco. ** British naval officer John Moresby discovers the site of Port Moresby, and claims the land for Britain. * March 3 – Censorship: The United States Congress enacts the Comstock Law, making it ...
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19th-century Economic History
The 19th (nineteenth) century began on 1 January 1801 ( MDCCCI), and ended on 31 December 1900 ( MCM). The 19th century was the ninth century of the 2nd millennium. The 19th century was characterized by vast social upheaval. Slavery was abolished in much of Europe and the Americas. The First Industrial Revolution, though it began in the late 18th century, expanding beyond its British homeland for the first time during this century, particularly remaking the economies and societies of the Low Countries, the Rhineland, Northern Italy, and the Northeastern United States. A few decades later, the Second Industrial Revolution led to ever more massive urbanization and much higher levels of productivity, profit, and prosperity, a pattern that continued into the 20th century. The Islamic gunpowder empires fell into decline and European imperialism brought much of South Asia, Southeast Asia, and almost all of Africa under colonial rule. It was also marked by the collapse of the large S ...
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