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Repudiation Of Debt At The Russian Revolution
The repudiation of debt at the Russian revolution was the 1918 rejection of all sovereign debt and other financial obligations by the Bolshevik government upon attaining power. In February 1918, after the Russian Revolution, the repudiation of the debt by the Soviet government shocked international finance and triggered unanimous condemnation by the governments of the great powers. The British, and especially the French, had lost millions of pounds of foreign investment in Russia. Revolutionary Russia completely fell out of the world economy and sealed itself up in isolation, which would not be disturbed until the hostilities with other nations during the Second World War. From Tsarist Russia to the 1917 revolution The Russian Empire In the early 19th century, the Russian Empire turned to the public capital markets and, especially, foreign markets and foreign intermediaries, to regulate and stimulate the growth of its economy, financing its ambition and its development ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emprunt Russe 500 Fr 1894
Emprunt is an historical French card game of the Hoc family for three to six players that dates to at least the early 18th century. History The earliest account of the rules of Emprunt date to 1718_ (1718), pp. 180–181. and the game continues to be regularly included in French games compendia until the late 19th century but now appears obsolete. The name Emprunt means "loan" and stems from the "borrowing" feature of the game. Rules The 1718 ''Académie Universelle des Jeux'' does not give a full account of the rules, describing the game as having "a lot of similarity to ''Hoc''" but named Emprunt because it contains the distinguishing feature that players are allowed to "borrow" a card they do not have. The following rules are based on Lacombe (1800).Lacombe (1800), p. 74. Emprunt may be played by three to six players using a standard French-suited pack of 52 cards. If six play, each is dealt eight cards with four going to the talon; if five play, each receives ten and ther ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emperor Of All Russia
The emperor or empress of all the Russias or All Russia, ''Imperator Vserossiyskiy'', ''Imperatritsa Vserossiyskaya'' (often titled Tsar or Tsarina/Tsaritsa) was the monarch of the Russian Empire. The title originated in connection with Russia's victory in the Great Northern War of 17001721 and appeared as the adaptation of the tsar's title under the accepted system of titling in Europe. The suffix "of all the Russias" was transformed from the previous version "(Tsar) of All Rus'". Title Article 1 of the ''Fundamental Laws of the Russian Empire'' stated that "the Emperor of All Russia is an autocratic and unrestricted monarch. To obey his supreme authority, not only out of fear but out of conscience as well, God himself commands". The full title of the emperor in the 20th century (Art.37 of the Fundamental Laws) was: Tsarist autocracy List of emperors Nicholas II abdicated in favour of his brother, Grand Duke Michael Alexandrovich, but the next day, after a nominal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Relations Of The Soviet Union
After the Russian Revolution, in which the Bolsheviks took over parts of the collapsing Russian Empire in 1918, they faced enormous odds against the German Empire and eventually negotiated terms to pull out of World War I. They then went to war against both domestic and international enemies in the bitter civil war. They set up the Soviet Union in 1922 with Vladimir Lenin in charge. At first, it was treated as an unrecognized pariah state because of its repudiating of tsarist debts and threats to destroy capitalism at home and around the world. By 1922, Moscow had repudiated the goal of world revolution, and sought diplomatic recognition and friendly trade relations with the capitalist world, starting with Britain and Germany. Finally in 1933, the United States gave recognition. Trade and technical help from Germany and the United States arrived in the late 1920s. After Lenin died in 1924, Joseph Stalin, became leader and then the dictator. He transformed the country in the 193 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Trade Of The Soviet Union
Soviet foreign trade played only a minor role in the Soviet economy. In 1985, for example, exports and imports each accounted for only 4 percent of the Soviet gross national product. The Soviet Union maintained this low level because it could draw upon a large energy and raw material base, and because it historically had pursued a policy of self-sufficiency. Other foreign economic activity included economic aid programs, which primarily benefited the less developed Council for Mutual Economic Assistance (COMECON) countries of Cuba, Mongolia, and Vietnam.Text used in this cited section originally came fromSoviet Union Country Studyfrom the Library of Congress Country Studies project. The Soviet Union conducted the bulk of its foreign economic activities with communist countries, particularly those of Eastern Europe. In 1988 Soviet trade with socialist countries amounted to 62 percent of total Soviet foreign trade. Between 1965 and 1988, trade with the Third World made up a steady 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt
Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. Loans, bonds, notes, and mortgages are all types of debt. In financial accounting, debt is a type of financial transaction, as distinct from equity. The term can also be used metaphorically to cover moral obligations and other interactions not based on a monetary value. For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person. Etymology The English term "debt" was first used in the late 13th century. The term "debt" comes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russia
Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the world, with its internationally recognised territory covering , and encompassing one-eighth of Earth's inhabitable landmass. Russia extends across Time in Russia, eleven time zones and shares Borders of Russia, land boundaries with fourteen countries, more than List of countries and territories by land borders, any other country but China. It is the List of countries and dependencies by population, world's ninth-most populous country and List of European countries by population, Europe's most populous country, with a population of 146 million people. The country's capital and List of cities and towns in Russia by population, largest city is Moscow, the List of European cities by population within city limits, largest city entirely within E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soviet Union
The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national republics; in practice, both its government and its economy were highly centralized until its final years. It was a one-party state governed by the Communist Party of the Soviet Union, with the city of Moscow serving as its capital as well as that of its largest and most populous republic: the Russian SFSR. Other major cities included Leningrad (Russian SFSR), Kiev (Ukrainian SSR), Minsk ( Byelorussian SSR), Tashkent (Uzbek SSR), Alma-Ata (Kazakh SSR), and Novosibirsk (Russian SFSR). It was the largest country in the world, covering over and spanning eleven time zones. The country's roots lay in the October Revolution of 1917, when the Bolsheviks, under the leadership of Vladimir Lenin, overthrew the Russian Provisional Government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saint Petersburg Soviet
The Petersburg Soviet of Workers' Delegates (later the Petersburg Soviet of Workers' Deputies) was a workers' council, or soviet, in Saint Petersburg in 1905. Origins The Soviet had its origins in the aftermath of Bloody Sunday, when Nicholas II ordered that the workers should elect delegates to present their grievances to a government commission. The idea of a soviet as an organ to coordinate workers' strike activities arose during the January–February 1905 meetings of workers at the apartment of Volin, a member of the Socialist Revolutionary Party (later a famous anarchist). However, its activities were quickly ceased due to governmental repression.Voline, ''Unknown Revolution''Chapter 2: The Birth of the "Soviets"/ref> When a general strike broke out in Saint Petersburg in October 1905, starting in the capital's printing works but soon spreading to other sectors and other parts of the Russian Empire, the striking printers decided to form a body with workers' delegates from f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
External Debt
A country's gross external debt (or foreign debt) is the liabilities that are owed to nonresidents by residents. The debtors can be governments, corporations or citizens. External debt may be denominated in domestic or foreign currency. It includes amounts owed to private commercial banks, foreign governments, or international financial institutions such as the International Monetary Fund (IMF) and the World Bank. External debt measures an economy's obligations to make future payments and, therefore, is an indicator of a country's vulnerability to solvency and liquidity problems. Another useful indicator is the ''net'' external debt position, which equals gross external debt less external assets in the form of debt instruments. A related concept is the net international investment position (net IIP). Provided that debt securities are measured at market value, the net external debt position equals the net IIP excluding equity and investment fund shares, financial derivatives, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Provisional Government
The Russian Provisional Government ( rus, Временное правительство России, Vremennoye pravitel'stvo Rossii) was a provisional government of the Russian Republic, announced two days before and established immediately after the abdication of Nicholas II. The intention of the provisional government was the organization of elections to the Russian Constituent Assembly and its convention. The provisional government, led first by Prince Georgy Lvov and then by Alexander Kerensky, lasted approximately eight months, and ceased to exist when the Bolsheviks gained power in the October Revolution in October N.S.">Old_Style_and_New_Style_dates.html" ;"title="ovember, Old Style and New Style dates">N.S.1917. According to Harold Whitmore Williams, the history of the eight months during which Russia was ruled by the Provisional Government was the history of the steady and systematic disorganization of the army. For most of the life of the Provisional Government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Soviet Federative Socialist Republic
The Russian Soviet Federative Socialist Republic, Russian SFSR or RSFSR ( rus, Российская Советская Федеративная Социалистическая Республика, Rossíyskaya Sovétskaya Federatívnaya Socialistíčeskaya Respúblika, rɐˈsʲijskəjə sɐˈvʲetskəjə fʲɪdʲɪrɐˈtʲivnəjə sətsɨəlʲɪˈsʲtʲitɕɪskəjə rʲɪˈspublʲɪkə, Ru-Российская Советская Федеративная Социалистическая Республика.ogg), previously known as the Russian Soviet Republic and the Russian Socialist Federative Soviet Republic as well as being unofficially known as Soviet Russia,Declaration of Rights of the laboring and exploited people, article I. the Russian Federation or simply Russia, was an Independence, independent Federalism, federal socialist state from 1917 to 1922, and afterwards the largest and most populous of the Republics of the Soviet Union, Soviet socialist republics of the So ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Default (finance)
In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity. A national or sovereign default is the failure or refusal of a government to repay its national debt. The biggest private default in history is Lehman Brothers, with over $600 billion when it filed for bankruptcy in 2008. The biggest sovereign default is Greece, with $138 billion in March 2012. Distinction from insolvency, illiquidity and bankruptcy The term "default" should be distinguished from the terms "insolvency", illiquidity and " bankruptcy": * Default: Debtors have been passed behind the payment deadline on a debt whose payment was due. * Illiquidity: Debtors have insufficient cash (or other "liquefiable" assets) to pay debts. * Insolvency: A legal term meaning debtors are unable to pay their debts. * Bankruptcy: A legal finding tha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
