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Bank Of Finland
The Bank of Finland (, ) is the national central bank for Finland within the Eurosystem. It was the Finnish central bank from 1865 to 1998, issuing the markka. It views itself as the fourth oldest surviving central bank in the world, after Sweden's Riksbank, the Bank of England, and the Bank of France, having been originally created in 1811-1812 as the Office of Exchange, Lending, and Deposits of the Grand Duchy of Finland () before taking its current name in 1840. Unlike many other longstanding central banks, it has always been government-owned. History Russian Empire In 1809, the Russian Empire annexed Finland and made it a Grand Duchy with its own administrative structure. One aim of the new authorities was to sever Finland's previous economic integration with Sweden, including the use of the Swedish riksdaler as currency. To that effect, the Office of Exchange, Lending, and Deposits was chartered on and established on in Turku by Alexander I of Russia, partly model ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Ownership
State ownership, also called public ownership or government ownership, is the ownership of an Industry (economics), industry, asset, property, or Business, enterprise by the national government of a country or State (polity), state, or a public body representing a community, as opposed to an individual or Private property, private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from Public good, public goods and government services financed out of a Government budget, government's general budget. Public ownership can take place at the Central government, national, regional government, regional, local government, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, Collective ownership, collective/cooperative, and common ownership. In marke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grand Duchy Of Finland
The Grand Duchy of Finland was the predecessor state of modern Finland. It existed from 1809 to 1917 as an Autonomous region, autonomous state within the Russian Empire. Originating in the 16th century as a titular grand duchy held by the Monarchy of Sweden, King of Sweden, the country became autonomous after its annexation by Russia in the Finnish War of 1808–1809. The Grand Duke of Finland was the House of Romanov, Romanov Emperor of Russia, represented by the Governor-General of Finland, Governor-General. Due to the governmental structure of the Russian Empire and Finnish initiative, the Grand Duchy's autonomy expanded until the end of the 19th century. The Senate of Finland, founded in 1809, became the most important governmental organ and the precursor to the modern Government of Finland, the Supreme Court of Finland, and the Supreme Administrative Court of Finland. Economic, social and political changes in the Grand Duchy of Finland paralleled those in the Russian Empire ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Commercial Bank Of The Russian Empire
The State Commercial Bank () was a public bank of the Russian Empire. It opened on (Old Style), largely replacing the Assignation Bank whose role as Russia's bank of issue had been undermined by inflation. Like the rest of Russia's state-owned banking system, it collapsed in the financial crisis of 1859-1860 and was succeeded in 1860 by the State Bank of the Russian Empire. Overview In 1817, Minister of Finance Dmitry Guryev initiated a banking reform in Russia, and established the State Commercial Bank as part of that effort by converting the Saint Petersburg discount office of the Russian Assignation Bank into a stand-alone institution. The Council of State Credit Institutions was created simultaneously to oversee Russia's formal banking system, which at the time was entirely state-owned, and preparations also began for the reorganization of the State Loan Bank. The main goal of the banking reform was to promote the strengthening of credit, which, in turn, could contribute ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 were 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, thus attracting gold and putting Great Britain on a de facto gold standard. Great Britain formalised the gold standard in 1821 and introduced it to its colonies afterwards. Imperial Germany’s move to the gold standard in 1873 trigger ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Invasion Of Russia
The French invasion of Russia, also known as the Russian campaign (), the Second Polish War, and in Russia as the Patriotic War of 1812 (), was initiated by Napoleon with the aim of compelling the Russian Empire to comply with the Continental System, continental blockade of the United Kingdom. Widely studied, Napoleon's incursion into Russia stands as a focal point in military history, recognized as among the list of battles by casualties, most devastating military endeavors globally. In a span of fewer than six months, the campaign exacted a staggering toll, claiming the lives of nearly a million soldiers and civilians. On 24 June 1812 and subsequent days, the initial wave of the multinational Grande Armée crossed the Neman River, marking the entry from the Duchy of Warsaw into Russia. Employing extensive forced marches, Napoleon rapidly advanced his army of nearly half a million individuals through European Russia, Western Russia, encompassing present-day Belarus, in a b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mikhail Speransky
Count Mikhail Mikhailovich Speransky (; 12 January 1772 – 23 February 1839) was a Russian statesman and reformist during the reign of Alexander I of Russia, to whom he was a close advisor. Honorary member of the Free Economic Society (1801) and the St. Petersburg Academy of Sciences (1819). He later served under Tsar Nicholas I of Russia and was Active Privy Councillor (1827). Speransky is referred to as the father of Russian liberalism. Personal life Speransky was born on 12 January 1772 in Cherkutino, Vladimir Province (now Vladimir Oblast), Russia. Speransky was the son of Mikhail Tretyakov, a village priest. He studied at the religious seminaries in Vladimir and St Petersburg, where he acquired the surname of Speransky, from the Latin verb "to hope" ( sperare). Later, in the ecclesiastical seminary in St. Petersburg, he became a professor of mathematics and physics. His skills led him to become the secretary to Prince Kurakin and a competent imperial official. Deta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kopeck
The kopeck or kopek is or was a coin or a currency unit of a number of countries in Eastern Europe closely associated with the economy of Russia. It is usually the smallest denomination within a currency system; 100 kopeks are worth 1 ruble or 1 hryvnia. Originally, the kopeck was the currency unit of Imperial Russia, the Russian Soviet Federative Socialist Republic and then the Soviet Union (as the Soviet ruble). , it is the currency unit of Russia, Belarus and Ukraine. The Russian kopeck is also used in two regions of Georgia (country), Georgia, and the List of states with limited recognition, partially recognised states (including by Russia) of Abkhazia and South Ossetia. Partially recognised Transnistria has its own kopeck. In the past, several other countries influenced by Russia and the Soviet Union had currency units that were also named kopecks. The name of the coin of Azerbaijan comes from the word kopeck – gapik (, Azerbaijani manat, manat). No country's kopeck ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ruble
The ruble or rouble (; rus, рубль, p=rublʲ) is a currency unit. Currently, currencies named ''ruble'' in circulation include the Russian ruble (RUB, ₽) in Russia and the Belarusian ruble (BYN, Rbl) in Belarus. These currencies are subdivided into one hundred kopeks. No kopek is currently formally subdivided, although '' denga'' (½ kopek) and ''polushka'' (½ denga, thus ¼ kopek) were minted until the 19th century. Additionally, the Transnistrian ruble is used in Transnistria, an unrecognized breakaway province of Moldova. Historically, the grivna, ruble and denga were used in Russia as measurements of weight. In 1704, as a result of monetary reforms by Peter the Great, the imperial ruble of the Russian Empire became the first decimal currency. The silver ruble was used until 1897 and the gold ruble was used until 1917. The Soviet ruble officially replaced the imperial ruble in 1922 and continued to be used until 1993, when it was formally replaced with the Russi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banknote
A banknote or bank notealso called a bill (North American English) or simply a noteis a type of paper money that is made and distributed ("issued") by a bank of issue, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to Redemption value, redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authority, monetary authorities. By extension, the word "banknote" is sometimes used (including by collectors) to refer more generally to paper money, but in a strict sense notes that have not been issued by banks, e.g. government notes, are not banknotes. National banknotes are often, but not always, legal tender, meaning that courts of law are required to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Imperial Ordinance
Imperial is that which relates to an empire, emperor/empress, or imperialism. Imperial or The Imperial may also refer to: Places United States * Imperial, California * Imperial, Missouri * Imperial, Nebraska * Imperial, Pennsylvania * Imperial, Texas * Imperial, West Virginia * Imperial, Virginia * Imperial County, California * Imperial Valley, California * Imperial Beach, California Elsewhere * Imperial (Madrid), an administrative neighborhood in Spain * Imperial, Saskatchewan, a town in Canada Buildings * Imperial Apartments, a building in Brooklyn, New York * Imperial City, Huế, a palace in Huế, Vietnam * Imperial Palace (other) * Imperial Towers, a group of lighthouses on Lake Huron, Canada * The Imperial (Mumbai), a skyscraper apartment complex in India * Imperial War Museum, a British military museum and organisation based in London, UK * * Imperial War Museum Duxford, an aviation museum in Cambridgeshire, UK * * Imperial War Museum North, a mili ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sveriges Riksbank
Sveriges Riksbank, or simply the Riksbank, is the central bank of Sweden. Founded in 1668, it is the world's oldest surviving central bank, and the third oldest bank in continuous operation. Prior to World War I, it was also the only state-owned central bank outside of the Russian Empire. Etymology The first part of the word ''riksbank'', ''riks'', stems from the Swedish word ''rike'', which means ''realm'', ''kingdom'', ''empire'' or ''nation'' in English. A literal English translation of the bank's name could thus be ''Sweden's Realm's Bank''. The bank, however, does not translate its name into English but rather uses its Swedish name ''the Riksbank'' in its official English-language communications also. History The Riksbank began operations in 1668. Previously, Sweden was served by the Stockholms Banco (also known as the Bank of Palmstruch), founded by Johan Palmstruch in 1656. Although the bank was private, it was the king who chose its management: in a letter to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alexander I Of Russia
Alexander I (, ; – ), nicknamed "the Blessed", was Emperor of Russia from 1801, the first king of Congress Poland from 1815, and the grand duke of Finland from 1809 to his death in 1825. He ruled Russian Empire, Russia during the chaotic period of the Napoleonic Wars. The eldest son of Emperor Paul I and Sophie Dorothea of Württemberg, Alexander succeeded to the throne after his father was murdered. As prince and during the early years of his reign, he often used liberal rhetoric but continued Russian absolutism, Russia's absolutist policies in practice. In the first years of his reign, he initiated some minor social reforms and (in 1803–04) major liberal educational reforms, such as building more universities. Alexander appointed Mikhail Speransky, the son of a village priest, as one of his closest advisors. The over-centralized Collegium (ministry), Collegium ministries were abolished and replaced by the Committee of Ministers of the Russian Empire, Committee of Ministers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
