5 Yen Note
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5 Yen Note
The was a denomination of Japanese yen in twelve different series from 1872 to 1955 for use in commerce. Only those from the "A series", which was issued from 1946 to 1955 are legal tender today. Government and National Bank Notes Meiji Tsuho (1872-1879) The first five yen notes adopted and released by the Japanese government are part of a series known as . These notes were the first Japanese currency ever to be printed using western printing at Dondorf and Naumann, which was located in Frankfurt. Meiji Tsuho notes were designed by Edoardo Chiossone sometime in 1870 while he was working for Dondorf Naumann on behalf of ''The National Bank in the Kingdom of Italy''. The process of making Chiossone's proposed design a reality started with the establishment of the " Imperial Printing Bureau of Japan" in 1871 (4th year of Meiji). In order to produce the currency the Japanese government reached out to Dondorf and Naumann to gain access to Western technology. Chiossone had a fa ...
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Japanese Yen
The is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar (US$) and the euro. It is also widely used as a third reserve currency after the US dollar and the euro. The New Currency Act of 1871 introduced Japan's modern currency system, with the yen defined as of gold, or of silver, and divided decimally into 100 ''sen'' or 1,000 ''rin''. The yen replaced the previous Tokugawa coinage as well as the various ''hansatsu'' paper currencies issued by feudal ''han'' (fiefs). The Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply. Following World War II, the yen lost much of its prewar value. To stabilize the Japanese economy, the exchange rate of the yen was fixed at ¥360 per US$ as part of the Bretton Woods system. When that system was abandoned in 1971, the yen became undervalued and was allowed to float. The yen had appreciated to a peak of ¥271 per US$ ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Matsukata Masayoshi
Prince was a Japanese politician who was Prime Minister of Japan from 1891 to 1892 and 1896 to 1898. Early life Matsukata Masayoshi was born on 25 February 1835, in Arata, Kagoshima, Satsuma Province (present-day Shimoarata, Kagoshima, Kagoshima Prefecture), the fourth son of Matsukata Masayasu and his wife Kesaku. His family was of the ''samurai'' warrior nobility class. Both his parents died when he was 13 years old. At the age of 13, he entered the ''Zoshikan'', the Satsuma domain's Confucian academy, where he studied the teachings of Wang Yangming, which stressed loyalty to the Emperor. He started his career as a bureaucrat of the Satsuma Domain. In 1866, he was sent to Nagasaki to study western science, mathematics and surveying. Matsukata was highly regarded by Ōkubo Toshimichi and Saigō Takamori, who used him as their liaison between Kyoto and the domain government in Kagoshima. Knowing that war was coming between Satsuma and the Tokugawa, Matsukata purchased a ship a ...
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Silver Standard
The silver standard is a monetary system in which the standard economic unit of account is a fixed weight of silver. Silver was far more widespread than gold as the monetary standard worldwide, from the Sumerians 3000 BC until 1873. Following the discovery in the 16th century of large deposits of silver at the Cerro Rico in Potosí, Bolivia, an international silver standard came into existence in conjunction with the Spanish pieces of eight. These silver dollar coins played the role of an international trading currency for nearly four hundred years. The move away from the silver to the gold standard began in the 18th century when Great Britain set the gold guinea’s price in silver higher than international prices on the recommendation of Sir Isaac Newton, attracting gold and putting them on a de facto gold standard. Great Britain formalized the gold standard in 1821 and introduced it to its colonies afterwards. Imperial Germany’s move to the gold standard in 1873 triggered ...
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De Facto
''De facto'' ( ; , "in fact") describes practices that exist in reality, whether or not they are officially recognized by laws or other formal norms. It is commonly used to refer to what happens in practice, in contrast with ''de jure'' ("by law"), which refers to things that happen according to official law, regardless of whether the practice exists in reality. History In jurisprudence, it mainly means "practiced, but not necessarily defined by law" or "practiced or is valid, but not officially established". Basically, this expression is opposed to the concept of "de jure" (which means "as defined by law") when it comes to law, management or technology (such as standards) in the case of creation, development or application of "without" or "against" instructions, but in accordance with "with practice". When legal situations are discussed, "de jure" means "expressed by law", while "de facto" means action or what is practiced. Similar expressions: "essentially", "unofficial", "in ...
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1 Yen Coin
The is the smallest denomination of the Japanese yen currency. Historically they were initially made of both silver and gold in the early 1870s. Issues facing the Japanese government at the time included wanting to adopt the gold standard, and competing against the Mexican dollar for use in foreign trade. The decision was made to use silver one yen coins exclusively outside of Japan for trade, while gold coins were minted and used in mainland Japan. Gold and silver coins were eventually allowed to co-circulate in mainland Japan from 1878 to 1897 when they were demonetized. Millions of former one yen silver coins were countermarked by the Japanese government for use outside of the mainland. Silver one yen coins continued to be minted until 1914 for backing up currency. One yen coins were not made again until after World War II in the late 1940s for a brief period of time. The current one yen coin design was first minted in 1955, is made up of pure aluminium, and has a young tree ...
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Ōkuma Shigenobu
Marquess was a Japanese statesman and a prominent member of the Meiji oligarchy. He served as Prime Minister of the Empire of Japan in 1898 and from 1914 to 1916. Ōkuma was also an early advocate of Western science and culture in Japan, and founder of Waseda University. He is considered a centrist. Early life Ōkuma was born Hachitarō on March 11, 1838, in Saga, Hizen Province (modern day Saga Prefecture). He was the first son of a samurai-class artillery officer of the Saga Domain. During his early years, his education consisted mainly of the study of Confucian literature and ''Hagakure'', which was written by a countryman samurai. However, he left school in 1853 to move to a Dutch studies institution.Borton, p. 91. The Dutch school was merged with the provincial school in 1861, and Ōkuma took up a lecturing position there shortly afterward. Ōkuma sympathized with the ''sonnō jōi'' movement, which aimed at expelling the Europeans who had started to arrive in Japan. H ...
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Ebisu (mythology)
, also transliterated or called or , is the Japanese god of fishermen and luck. He is one of the , and the only one of the seven to originate purely from Japan without any Buddhist or Taoist influence. Origins as Hiruko In medieval times, Ebisu's origin came to be tied together with that of ''Hiruko'' - the first child of Izanagi and Izanami, born without bones (or, in some stories, without arms and legs) due to his mother's transgression during the marriage ritual. Hiruko struggled to survive but, as he could not stand, he was cast into the sea in a boat of reeds before his third birthday. The story tells that Hiruko eventually washed ashore—possibly in —and was cared for by the Ainu . It is however believed that Ebisu first arose as a god among fishermen and that his origin as Hiruko was a much later conception, after the worship of him had spread to merchants and farmers. It is also theorized that he was originally a god known as "Kotoshironushi no Mikoto", son of Ōkun ...
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Blacksmith
A blacksmith is a metalsmith who creates objects primarily from wrought iron or steel, but sometimes from #Other metals, other metals, by forging the metal, using tools to hammer, bend, and cut (cf. tinsmith). Blacksmiths produce objects such as gates, grilles, railings, light fixtures, furniture, sculpture, tools, agricultural implements, decorative and religious items, cooking utensils, and weapons. There was an historical distinction between the heavy work of the blacksmith and the more delicate operation of a whitesmith, who usually worked in Goldsmith, gold, Silversmith, silver, pewter, or the finishing steps of fine steel. The place where a blacksmith works is called variously a smithy, a forge or a blacksmith's shop. While there are many people who work with metal such as farriers, wheelwrights, and Armourer, armorers, in former times the blacksmith had a general knowledge of how to make and repair many things, from the most complex of weapons and armor to simple things ...
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Fiat Money
Fiat money (from la, fiat, "let it be done") is a type of currency that is not backed by any commodity such as gold or silver. It is typically designated by the issuing government to be legal tender. Throughout history, fiat money was sometimes issued by local banks and other institutions. In modern times, fiat money is generally authorized by government regulation. Fiat money generally does not have intrinsic value and does not have use value. It has value only because the individuals who use it as a unit of account or, in the case of currency, a medium of exchange agree on its value. They trust that it will be accepted by merchants and other people. Fiat money is an alternative to commodity money, which is a currency that has intrinsic value because it contains, for example, a precious metal such as gold or silver which is embedded in the coin. Fiat also differs from representative money, which is money that has intrinsic value because it is backed by and can be converted in ...
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Meiji Tsuho (1872-1879)
is the first currency that was issued by the Imperial Japanese government during the early Meiji era. These notes are in denominations of yen, which are broken down into subsidiarity units known as "sen". Meiji Tsūhō notes were not redeemable for gold or silver as they were released as fiat currency. History The first notes adopted and released by the Japanese government are part of a series known as . These notes were the first Japanese currency ever to be printed using western printing at Dondorf and Naumann, which was located in Frankfurt. Meiji Tsuho notes were designed by Edoardo Chiossone sometime in 1870 while he was working for Dondorf Naumann on behalf of ''The National Bank in the Kingdom of Italy''. The process of making Chiossone's proposed design a reality started with the establishment of the " Imperial Printing Bureau of Japan" in 1871 (4th year of Meiji). In order to produce the currency the Japanese government reached out to Dondorf and Naumann to gain acc ...
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Mount Fuji
, or Fugaku, located on the island of Honshū, is the highest mountain in Japan, with a summit elevation of . It is the second-highest volcano located on an island in Asia (after Mount Kerinci on the island of Sumatra), and seventh-highest peak of an island on Earth. Mount Fuji is an active stratovolcano that last erupted from 1707 to 1708. The mountain is located about southwest of Tokyo and is visible from there on clear days. Mount Fuji's exceptionally symmetrical cone, which is covered in snow for about five months of the year, is commonly used as a cultural icon of Japan and it is frequently depicted in art and photography, as well as visited by sightseers and climbers. Mount Fuji is one of Japan's along with Mount Tate and Mount Haku. It is a Special Place of Scenic Beauty and one of Japan's Historic Sites.
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