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Shinplasters
Shinplaster was paper money of low denomination, typically less than one dollar, circulating widely in the economies of the 19th century where there was a shortage of circulating coinage. The shortage of circulating coins was primarily due to the intrinsic value of metal rising above the value of the coin itself. People became incentivized to take coins out of circulation and melt them for the true intrinsic value. This left no medium of exchange for the purchase of basic consumer goods such as milk and newspapers. To fill this gap, banks issued low-denomination paper currency. Etymology The term ''shinplaster'' came into use during the American Revolutionary War. Shinplaster was a piece of paper soldiers put inside their boots to cushion their shins against chafing and rash (see plaster). Common, low-denomination notes, perceived as almost worthless compared to hard currency such as gold and silver, came to be known by this term. United States Private issues from stores, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hard Currency
In macroeconomics, hard currency, safe-haven currency, or strong currency is any globally traded currency that serves as a reliable and stable store of value. Factors contributing to a currency's ''hard'' status might include the stability and reliability of the respective state's legal and bureaucratic institutions, level of corruption, long-term stability of its purchasing power, the associated country's political and fiscal condition and outlook, and the policy posture of the issuing central bank. Safe haven currency is defined as a currency which behaves like a hedge for a reference portfolio of risky assets conditional on movements in global risk aversion. Conversely, a weak or soft currency is one which is expected to fluctuate erratically or depreciate against other currencies. Softness is typically the result of weak legal institutions and/or political or fiscal instability. History The paper currencies of some developed countries have earned recognition as hard curr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toowoomba
Toowoomba ( , nicknamed 'The Garden City' and 'T-Bar') is a city in the Toowoomba Region of the Darling Downs, Queensland, Australia. It is west of Queensland's capital city Brisbane by road. The urban population of Toowoomba as of the 2021 Census was 142,163, having grown at an average annual rate of 1.45% over the previous two decades. Toowoomba is the second-most-populous inland city in the country after the national capital of Canberra and hence the largest city on the Darling Downs, and it is among the largest regional centres in Queensland. It is also referred to as the capital of the Darling Downs. The Toowoomba region is the home of two main Aboriginal language groups, the Giabal whose lands extend south of the city and Jarowair whose lands extend north of the city. The Jarowair lands include the site of one of Australia's most important sacred Bora ceremonial ground, the ‘Gummingurru stone arrangement’ dated to c.4000 BC. The site marked one of the major routes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Currency
A private currency is a currency issued by a private entity, be it an individual, a commercial business, a nonprofit or decentralized common enterprise. It is often contrasted with fiat currency issued by governments or central banks. In many countries, the issuance of private paper currencies and/or the minting of metal coins intended to be used as currency may even be a criminal act such as in the United States (18 U.S. Code § 486). Digital cryptocurrency is sometimes treated as an asset instead of a currency. Cryptocurrency is illegal as a currency in a few countries (mainly in West Asia and North Africa). Today, there are over four thousand privately issued currencies in more than 35 countries. These include commercial trade exchanges that use barter credits as units of exchange, private gold and silver exchanges, local paper money, computerized systems of credits and debits, and digital currencies in circulation, such as digital gold currency. Private bank notes In the U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Truck System
Truck wages are wages paid not in conventional money but instead in the form of payment in kind (i.e. commodities, including goods and/or services); credit with retailers; or a money substitute, such as scrip, chits, vouchers or tokens. Truck wages are a characteristic of a truck system. "Truck", in this context, is a relatively archaic English word meaning "exchange" or "barter". Truck system A truck system includes one or both of the following practices under which truck wages are used to defraud and/or exploit workers. * Firstly, the truck wages are demonstrably of a lesser market value than the amount of money that would normally be paid for the same work. * Secondly, truck systems limit employees' ability to choose how to spend their earnings. For example, credit or company scrip might be usable only for the purchase of goods at a monopolistic company-owned store, at which prices are set artificially high. As long as the company store is the only party able and will ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IOU (debt)
An IOU (abbreviated from the phrase "I owe you") is usually an informal document acknowledging debt. An IOU differs from a promissory note in that an IOU is not a negotiable instrument and does not specify repayment terms such as the time of repayment. IOUs usually specify the debtor, the amount owed, and sometimes the creditor. IOUs may be signed or carry distinguishing marks or designs to ensure authenticity. In some cases, IOUs may be redeemable for a specific product or service rather than a quantity of currency, constituting a form of scrip. California Registered Warrants Also referred to as "IOUs" by the U.S. state of California California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territori ..., the term " Registered Warrants", which specify a future payment date, is meant to differentiate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Squatting (pastoral)
Squatting is a historical Australian term that referred to someone who occupied a large tract of Crown land in order to graze livestock. Initially often having no legal rights to the land, squatters became recognised by the colonial government as owning the land by being the first (and often the only) European settlers in the area. Eventually, the term "squattocracy", a play on "aristocracy", came into usage to refer to squatters and the social and political power they possessed. Evolution of meaning The term ' squatter' derives from its English usage as a term of contempt for a person who had taken up residence at a place without having legal claim. The use of 'squatter' in the early years of British settlement of Australia had a similar connotation, referring primarily to a person who had 'squatted' on Aboriginal land for pastoral or other purposes. In its early derogatory context the term was often applied to the illegitimate occupation of land by ticket-of-leave convicts or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fractional Currency
__NOTOC__ Fractional currency, also referred to as shinplasters, was introduced by the United States federal government following the outbreak of the Civil War. These low- denomination banknotes of the United States dollar were in use between 21 August 1862 and 15 February 1876, and issued in denominations of 3, 5, 10, 15, 25, and 50 cents across five issuing periods.Kravitz The complete type set below is part of the National Numismatic Collection, housed at the National Museum of American History, part of the Smithsonian Institution. History The Civil War economy catalyzed a shortage of United States coinage—gold and silver coins were hoarded given their intrinsic bullion value relative to irredeemable paper currency at the time.Anderson, p. 303.Reed, p. 298. In late 1861, to help finance the Civil War, the U.S. government borrowed gold coin from New York City banks in exchange for Seven-thirties treasury notesMitchell, 1903, pp. 27–32. and the New York banks sold them ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Of Texas
The Republic of Texas ( es, República de Tejas) was a sovereign state in North America that existed from March 2, 1836, to February 19, 1846, that bordered Mexico, the Republic of the Rio Grande in 1840 (another breakaway republic from Mexico), and the United States of America, although Mexico considered it a rebellious province during its entire existence despite the Treaties of Velasco of May 1836. It was bordered by Mexico to the west and southwest, the Gulf of Mexico to the southeast, the two U.S. states of Louisiana and Arkansas to the east and northeast, and Territories of the United States, United States territories encompassing parts of the current U.S. states of Oklahoma, Kansas, Colorado, Wyoming, and New Mexico to the north and west. The Anglo residents of the area and of the republic became known as Texians. The region of the Mexican state of Coahuila y Tejas, now commonly referred to as Mexican Texas, declared its independence from Mexico during the Texas Revo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adhesive Bandage
An adhesive bandage, also called a sticking plaster, medical plaster, or simply plaster in British English, is a small medical dressing used for injuries not serious enough to require a full-size bandage. They are also known by the genericized trademarks of Band-Aid (as "band-aid" or "band aid" in Australia, Canada, India and the US) or Elastoplast (in the UK). Function The adhesive bandage protects the wound and scab from friction, bacteria, damage, and dirt. Thus, the healing process of the body is less disturbed. Some of the dressings have antiseptic properties. An additional function is to hold the two cut ends of the skin together to make the healing process faster. Design An adhesive bandage is a small, flexible sheet of material which is sticky on one side, with a smaller, non-sticky, absorbent pad stuck to the sticky side. The pad is placed against the wound, and overlapping edges of the sticky material are smoothed down so they stick to the surrounding skin. Adhesive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shin
Shin may refer to: Biology * The front part of the human leg below the knee * Shinbone, the tibia, the larger of the two bones in the leg below the knee in vertebrates Names * Shin (given name) (Katakana: シン, Hiragana: しん), a Japanese given name * Shin (Korean surname) (Hangul: 신, Hanja: 申, 辛, 愼), a Korean family name * Shin (Chinese: 新, which means "new"), spelled in Pinyin as Xin Fictional characters *Shin Akuma, a character in the Street Fighter series * Shin Asuka (other), multiple * Shin Malphur, a character in the video game '' Destiny 2: Forsaken'' * Kamen Rider Shin, a character in the Kamen Rider series *Seijuro Shin (進), a character in the manga and anime series ''Eyeshield 21'' * A character in the manga Dorohedoro * A character in the manga and anime ''Fist of the North Star'' Music * Shin (band) ( zh, 信樂團, links=no) * Shin (singer) (蘇見信), a Taiwanese singer and former lead singer of the band Shin * Shin, the drummer of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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