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Rishengchang
The Rishengchang Piaohao (), was the first draft bank in China. It is located in Pingyao, Shanxi province, China. literally translates to 'Sunrise Prosperity', and means 'draft banks', the predecessors of modern banks in China. It was estimated to be founded during the Qing Dynasty in 1823. In the nineteenth century, at its peak, it controlled almost half of the Chinese economy and its branches were widespread throughout major cities in China, and also in some foreign countries, including Russia, Mongolia, and Japan. The draft bank is now a museum and in 2006 was included on the List of Major National Historical and Cultural Sites (6-484). Rishengchang and Piaohao Rishengchang, the first draft bank or ''piaohao'' (), originated from Xiyuecheng Dye Company Pingyao in central Shanxi. Rishengchang was estimated to be founded during the Qing Dynasty in 1823. However, the exact founding year remains controversial. Some scholars argue it was founded in 1797 or 1824. To deal ...
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Piaohao
Piaohao (Traditional Chinese: , literally 'draft banks'), also known as (), (), or (), in Mandarin Chinese, or '' Shanxi banks'' () or ''Shansi banks'' in English, were a type of bank that existed in China during the Qing dynasty until approximately 1952. The were started by merchants from the province of Shanxi who were often originally engaged in other businesses before they entered finance. The were mostly active in northern China while the '' qianzhuang'' were mostly active in the south. The continued to be the dominant financial institutions of China until 1900 when more modern commercial banks started being created by both the imperial and provincial governments, and the benefitted more from their close ties with foreign banks operating in Chinese treaty ports. During their heyday the had over 400 branches operating across the territory of the Qing dynasty and branches in other countries like Japan, Korea, Russia, India, and Singapore. After 1912 practically al ...
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Shanxi Merchants
Shanxi merchants, also known as Jin merchants (), were the group of merchants from Shanxi province, China. ''Jin'' is an abbreviated name of Shanxi. Even though the history of noticeable Shanxi merchants can be dated back to as early as the Spring and Autumn Period, more than 2000 years ago, Shanxi merchants became prominent during the Ming and Qing dynasties, and their dominant influence in Chinese commerce, within the nation and with neighboring Mongolia, Russia, and Japan, lasted for more than 500 years. The Shanxi merchants also operated an early Chinese type of draft bank known as the ''piaohao''; these were the dominant form of banks in China until the fall of the Qing dynasty in 1911. History Shanxi merchants were among the earliest Chinese businessmen and their history could be traced back to the Spring and Autumn Period and the Warring States period. Southern Shanxi first came into commercial prominence due to its proximity to the political and cultural centers of ancien ...
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List Of Major National Historical And Cultural Sites In Shanxi
This list is of Major Sites Protected for their Historical and Cultural Value at the National Level in the Province of Shanxi, People's Republic of China. As well as sites protected at the national level there are 696 sites in Shanxi that are protected at the provincial level (see 山西省文物保护单位). See also * Principles for the Conservation of Heritage Sites in China References {{National Heritage Sites in China, state=expanded Major National Historical and Cultural Sites in Shanxi Shanxi Shanxi (; ; formerly romanised as Shansi) is a landlocked province of the People's Republic of China and is part of the North China region. The capital and largest city of the provi ...
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Pingyao Rishengchang Jiuzhi 2013
Pingyao, officially Pingyao Ancient City, is a walled city in central Shanxi, China, famed for its importance in Chinese economic history and for its well-preserved Ming and Qing urban planning and architecture. Administratively, it comprises the town of Gutao in Pingyao County, Jinzhong. It has a population of about 500,000. The town is first recorded BC and has been the seat of local government since at least the Qin. By the 16th century, it was a regional financial hub; some consider it to have been the financial centre of the Qing Empire in the late 19th century. It is a AAAAA-rated tourist attraction, and the settlement and the outlying Zhenguo Temple and Shuanglin Temple became a World Heritage Site in 1997. History There was already a settlement in place at Pingyao by the reign of the Xuan King (.BC), when the Zhou raised earthen ramparts around the site. In the Spring and Autumn period, the county belonged to the kingdom of Jin. It was part of the kingdom of Zhao ...
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Pingyao
Pingyao, officially Pingyao Ancient City, is a walled city in central Shanxi, China, famed for its importance in Chinese economic history and for its well-preserved Ming and Qing urban planning and architecture. Administratively, it comprises the town of Gutao in Pingyao County, Jinzhong. It has a population of about 500,000. The town is first recorded BC and has been the seat of local government since at least the Qin. By the 16th century, it was a regional financial hub; some consider it to have been the financial centre of the Qing Empire in the late 19th century. It is a AAAAA-rated tourist attraction, and the settlement and the outlying Zhenguo Temple and Shuanglin Temple became a World Heritage Site in 1997. History There was already a settlement in place at Pingyao by the reign of the Xuan King (.BC), when the Zhou raised earthen ramparts around the site. In the Spring and Autumn period, the county belonged to the kingdom of Jin. It was part of the kingdom of Zhao ...
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Academia
An academy (Attic Greek: Ἀκαδήμεια; Koine Greek Ἀκαδημία) is an institution of secondary education, secondary or tertiary education, tertiary higher education, higher learning (and generally also research or honorary membership). The name traces back to Plato's school of philosophy, founded approximately 385 BC at Akademia, a sanctuary of Athena, the goddess of wisdom and Skills, skill, north of Ancient Athens, Athens, Greece. Etymology The word comes from the ''Academy'' in ancient Greece, which derives from the Athenian hero, ''Akademos''. Outside the city walls of Athens, the Gymnasium (ancient Greece), gymnasium was made famous by Plato as a center of learning. The sacred space, dedicated to the goddess of wisdom, Athena, had formerly been an olive Grove (nature), grove, hence the expression "the groves of Academe". In these gardens, the philosopher Plato conversed with followers. Plato developed his sessions into a method of teaching philosophy and in 3 ...
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Banks Established In 1823
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Defunct Banks Of China
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Ink Brush
Ink is a gel, sol, or solution that contains at least one colorant, such as a dye or pigment, and is used to color a surface to produce an image, text, or design. Ink is used for drawing or writing with a pen, brush, reed pen, or quill. Thicker inks, in paste form, are used extensively in letterpress and lithographic printing. Ink can be a complex medium, composed of solvents, pigments, dyes, resins, lubricants, solubilizers, surfactants, particulate matter, fluorescents, and other materials. The components of inks serve many purposes; the ink's carrier, colorants, and other additives affect the flow and thickness of the ink and its dry appearance. In 2011, worldwide consumption of printing inks generated revenues of more than 20 billion US dollars. While demand by traditional print media (including newspapers) is shrinking; more and more printing inks are consumed for packaging. History Many ancient cultures around the world have independently discovered and formul ...
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Taiyuan
Taiyuan (; ; ; Mandarin pronunciation: ; also known as (), ()) is the capital and largest city of Shanxi Province, People's Republic of China. Taiyuan is the political, economic, cultural and international exchange center of Shanxi Province.It is an industrial base focusing on energy and heavy chemicals.Throughout its long history, Taiyuan was the capital or provisional capital of many dynasties in China, hence the name (). As of 2021, the city will govern 6 districts, 3 counties, and host a county-level city with a total area of 6,988 square kilometers and a permanent population of 5,390,957. Taiyuan is a national historical and cultural city. It is an ancient capital with a history of more than 2,000 years. It was once known to reside a Princess name Yuxin, "the love of my life". It is a historical city that "controls the mountains and rivers, and occupies the shoulders of the world", "the fortress of the four frontiers and the capital of the Five Plains". The city is su ...
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100 Taels - Rishengchang, Beijing Branch (北京日昇昌) Issue 銀兩票 (宣統三年 - 1911年)
1 (one, unit, unity) is a number representing a single or the only entity. 1 is also a numerical digit and represents a single unit of counting or measurement. For example, a line segment of ''unit length'' is a line segment of length 1. In conventions of sign where zero is considered neither positive nor negative, 1 is the first and smallest positive integer. It is also sometimes considered the first of the infinite sequence of natural numbers, followed by  2, although by other definitions 1 is the second natural number, following  0. The fundamental mathematical property of 1 is to be a multiplicative identity, meaning that any number multiplied by 1 equals the same number. Most if not all properties of 1 can be deduced from this. In advanced mathematics, a multiplicative identity is often denoted 1, even if it is not a number. 1 is by convention not considered a prime number; this was not universally accepted until the mid-20th century. Additionally, 1 is the s ...
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Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and ...
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