Peruvian Saltpeter Monopoly
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Peruvian Saltpeter Monopoly
The Peruvian nitrate monopoly was a state-owned enterprise over the mining and sale of saltpeter ( sodium nitrate) created by the government of Peru in 1875 and operated by the Peruvian Nitrate Company. Peru intended for the monopoly to capitalize on the world market's high demand for nitrates, thereby increasing the country's fiscal revenues and supplementing the financial role that guano sales had provided for the nation during the Guano Era (1840s-1860s). During the 19th century Peru established a virtual international monopoly in the trade of guano, another fertilizer, and since the 1840s income from this source had financed the Peruvian Guano Era. By the 1860s these revenues were in decline, as deteriorating quality led to a reduction of exports. Alongside this trend, nitrate exports from the Peruvian province of Tarapacá grew, and became an important competitor to guano in the international market. In January 1873 the government of Manuel Pardo imposed an ''estanco'', a ...
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Saltpeter Fields In 1876
Potassium nitrate is a chemical compound with the chemical formula . This alkali metal nitrate salt is also known as Indian saltpetre (large deposits of which were historically mined in India). It is an ionic salt of potassium ions K+ and nitrate ions NO3−, and is therefore an alkali metal nitrate. It occurs in nature as a mineral, niter (or ''nitre'' in the UK). It is a source of nitrogen, and nitrogen was named after niter. Potassium nitrate is one of several nitrogen-containing compounds collectively referred to as saltpeter (or ''saltpetre'' in the UK). Major uses of potassium nitrate are in fertilizers, tree stump removal, rocket propellants and fireworks. It is one of the major constituents of gunpowder (black powder). In processed meats, potassium nitrate reacts with hemoglobin and myoglobin generating a red color. Etymology Potassium nitrate, because of its early and global use and production, has many names. Hebrew and Egyptian words for it had the consonants n-t-r, ...
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War Of The Pacific
The War of the Pacific ( es, link=no, Guerra del Pacífico), also known as the Saltpeter War ( es, link=no, Guerra del salitre) and by multiple other names, was a war between Chile and a Bolivian–Peruvian alliance from 1879 to 1884. Fought over Chilean claims on coastal Bolivian territory in the Atacama Desert, the war ended with a Chilean victory, which gained for the country a significant amount of resource-rich territory from Peru and Bolivia. The war began over a nitrate taxation dispute between Bolivia and Chile, with Peru being drawn in due to its secret alliance with Bolivia. But historians have pointed to deeper origins of the war, such as the interest of Chile and Peru in the nitrate business, the long-standing rivalry between Chile and Peru, as well as political and economical disparities between Chile, Peru and Bolivia. On February 14, 1879, Chile's armed forces occupied the Bolivian port city of Antofagasta, subsequently war between Bolivia and Chile was declare ...
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Raphael Contract
Raffaello Sanzio da Urbino, better known as Raphael (; or ; March 28 or April 6, 1483April 6, 1520), was an Italian painter and architect of the High Renaissance. His work is admired for its clarity of form, ease of composition, and visual achievement of the Neoplatonic ideal of human grandeur. Together with Leonardo da Vinci and Michelangelo, he forms the traditional trinity of great masters of that period. His father was court painter to the ruler of the small but highly cultured city of Urbino. He died when Raphael was eleven, and Raphael seems to have played a role in managing the family workshop from this point. He trained in the workshop of Perugino, and was described as a fully trained "master" by 1500. He worked in or for several cities in north Italy until in 1508 he moved to Rome at the invitation of the pope, to work on the Vatican Palace. He was given a series of important commissions there and elsewhere in the city, and began to work as an architect. He was ...
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Peruvian Corporation
The Peruvian Corporation Ltd. (alternate: Peruvian Corporation of London) was registered under the Companies Act in London on 20 March 1890. Its board of directors included ten members led by Sir Alfred Dent G A Ollard, of Smiles and Co Solicitors, was Manager in London, T E Webb was Secretary, with Clinton Dawkins and William Davies (Grace Brothers - Callao) as the first representatives in Peru. The company was formed with the purpose of canceling Peru's external debt and to release its government from loans it had taken out through bondholders at three times (in 1869, 1870, 1872), in order to finance the construction of railways. The main purpose of the incorporation included acquiring the rights and undertaking the liabilities of bondholders. History After winning independence from Spain in 1826, Peru was financially strapped. Over the decades financial problems worsened, and Peru needed money. In 1865 then 1866, bonds were issued that were retired with new bonds in 1869. Mo ...
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Palacio De La Exposición
The Palacio de la Exposición is a building on Colon Avenue in downtown Lima, Peru. It was constructed in the 19th century with the Park of the Exposition to house the International Exposition of Lima in 1872. Since 1957, it has been home to the Lima Art Museum. History The building was constructed in unison with the Park of the Exposition and was ordered built by president Jose Balta in 1869 for the international exposition that was to take place in Lima in celebration for fifty years of Peruvian independence. The construction of the building took place between 1870 and 1871. The building is of a neo-Renaissance style and was designed by the Italian architect Antonio Leonardi. Its design was considered a pioneer of its time in South America as it was one of the few buildings constructed of steel. In July 1872, both the palace and the park were inaugurated and the exposition took place soon after. After the exposition, the palace was home to the Society of Fine Arts. Durin ...
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José Balta
José Balta y Montero (25 April 1814 – 26 July 1872) was a Peruvian soldier and politician who served as the 19th President of Peru from 1868 to 1872. He was the son of John Balta Bru and Agustina Montero Casafranca. In 1865, he aided Mariano Ignacio Prado in the seizure of the presidency and served in his administration. In 1867, he in turn overthrew Prado. As president, he re-established constitutional rule and undertook vast projects for national improvement. He granted a monopoly of guano export to a French company and obtained large loans in Europe, yet the lavish expenditures of his administration plunged Peru deep in debt. Balta was deposed and shot by a disgruntled member of his own cabinet, Defense Minister Tomás Gutiérrez during his subsequent coup d'état attempt. Early career José Balta y Montero embraced a military career from an early age. At only 16 years of age he entered the Military College in 1830, from which he graduated three years later with the ...
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Auguste Dreyfus
Auguste Dreyfus (28 June 1827 – 25 May 1897) was a French businessman who made his fortune by financing the Peruvian trade in guano. Dreyfus joined a small textile trading firm set up by three of his elder brothers and moved to Lima, Peru to act as their local representative. He became involved in the guano trade, and in 1869 signed a major contract with the Peruvian government that gave him a monopoly over exports of Peruvian guano to Europe. With this he controlled the largest source of Peruvian national income. The Peruvian government let Dreyfus act as their agent in managing their existing debt and floating new loans used for railway construction. The government ran into increasing financial difficulties. These were compounded by a war with Chile between 1879 and 1883 in which they lost their key guano-producing province. A lengthy series of lawsuits followed between the creditors whose loans were secured by guano deposits and the governments of Peru and Chile. The Dreyfus t ...
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Mariano Ignacio Prado
Mariano Ignacio Prado Ochoa (December 18, 1825 – May 5, 1901) was a Peruvian army general who served as the 16th (1865 - 1868) and 21st (1876 - 1879) President of Peru. Biography Born in Huánuco on December 18, 1825, he studied in Huanuco and then in Lima. He entered the army at an early age and served in the provinces of Southern Peru. In 1865 Prado led a coup to overthrow President Juan Antonio Pezet who under the threat of a large Spanish fleet surrendered sovereignty over the Chincha Islands and agreed to pay a large indemnity to Spain. Vice President Pedro Diez Canseco became Provisional President until new elections were held later that year and which Prado won. In 1866 the Spanish fleet attacked and was defeated under General Prado's command at the Battle of Dos de Mayo in Callao 1866. His 12 year old son and later hero Leoncio Prado participated in the battle. Prado had put together an alliance with Chile, Bolivia and Ecuador all of whom supplied troops that defeate ...
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Consignment
Consignment involves selling one's personal goods (clothing, furniture, etc.) through a third-party vendor such as a consignment store or online thrift store. The owner of the goods pays the third-party a portion of the sale for facilitating the sale. Consignors maintain the rights to their property until the item is sold or abandoned. Many consignment shops and online consignment platforms have a set day limit before an item expires for sale. Within the time of contract, reductions of the price are common to promote the sale of the item, but vary on the type of item sold (usually depends on the price point, or if it is considered luxury.)(usually 60–90 days). Consignment stock is stock legally owned by one party, but held by another, meaning that the risk and rewards regarding to the said stock remains with the first party while the second party is responsible for distribution or retail operations. The verb "''consign''" means "to send" and therefore the noun "''consignment ...
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Potassium
Potassium is the chemical element with the symbol K (from Neo-Latin ''kalium'') and atomic number19. Potassium is a silvery-white metal that is soft enough to be cut with a knife with little force. Potassium metal reacts rapidly with atmospheric oxygen to form flaky white potassium peroxide in only seconds of exposure. It was first isolated from potash, the ashes of plants, from which its name derives. In the periodic table, potassium is one of the alkali metals, all of which have a single valence electron in the outer electron shell, that is easily removed to create an ion with a positive charge – a cation, that combines with anions to form salts. Potassium in nature occurs only in ionic salts. Elemental potassium reacts vigorously with water, generating sufficient heat to ignite hydrogen emitted in the reaction, and burning with a lilac- colored flame. It is found dissolved in sea water (which is 0.04% potassium by weight), and occurs in many minerals such as orthoclase, ...
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Phosphate
In chemistry, a phosphate is an anion, salt, functional group or ester derived from a phosphoric acid. It most commonly means orthophosphate, a derivative of orthophosphoric acid . The phosphate or orthophosphate ion is derived from phosphoric acid by the removal of three protons . Removal of one or two protons gives the dihydrogen phosphate ion and the hydrogen phosphate ion ion, respectively. These names are also used for salts of those anions, such as ammonium dihydrogen phosphate and trisodium phosphate. File:3-phosphoric-acid-3D-balls.png, Phosphoricacid File:2-dihydrogenphosphate-3D-balls.png, Dihydrogenphosphate File:1-hydrogenphosphate-3D-balls.png, Hydrogenphosphate File:0-phosphate-3D-balls.png, Phosphate In organic chemistry, phosphate or orthophosphate is an organophosphate, an ester of orthophosphoric acid of the form where one or more hydrogen atoms are replaced by organic groups. An example is trimethyl phosphate, . The term also refers to the triv ...
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