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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 triggere ...
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Philip V Coin Silver, 8 Reales Mexico
Philip, also Phillip, is a male given name, derived from the Greek (''Philippos'', lit. "horse-loving" or "fond of horses"), from a compound of (''philos'', "dear", "loved", "loving") and (''hippos'', "horse"). Prominent Philips who popularized the name include kings of Macedonia and one of the apostles of early Christianity. ''Philip'' has many alternative spellings. One derivation often used as a surname is Phillips. It was also found during ancient Greek times with two Ps as Philippides and Philippos. It has many diminutive (or even hypocoristic) forms including Phil, Philly, Lip, Pip, Pep or Peps. There are also feminine forms such as Philippine and Philippa. Antiquity Kings of Macedon * Philip I of Macedon * Philip II of Macedon, father of Alexander the Great * Philip III of Macedon, half-brother of Alexander the Great * Philip IV of Macedon * Philip V of Macedon New Testament * Philip the Apostle * Philip the Evangelist Others * Philippus of Croton (c. 6th centu ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Henry II Of England
Henry II (5 March 1133 – 6 July 1189), also known as Henry Curtmantle (french: link=no, Court-manteau), Henry FitzEmpress, or Henry Plantagenet, was King of England from 1154 until his death in 1189, and as such, was the first Angevin king of England. King Louis VII of France made him Duke of Normandy in 1150. Henry became Count of Anjou and Maine upon the death of his father, Count Geoffrey V, in 1151. His marriage in 1152 to Eleanor of Aquitaine, former spouse of Louis VII, made him Duke of Aquitaine. He became Count of Nantes by treaty in 1158. Before he was 40, he controlled England; large parts of Wales; the eastern half of Ireland; and the western half of France, an area that was later called the Angevin Empire. At various times, Henry also partially controlled Scotland and the Duchy of Brittany. Henry became politically involved by the age of 14 in the efforts of his mother Matilda, daughter of Henry I of England, to claim the English throne, then occupied b ...
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Shilling
The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a pound before being phased out during the 20th century. Currently the shilling is used as a currency in five east African countries: Kenya, Tanzania, Uganda, Somalia, as well as the ''de facto'' country of Somaliland. The East African Community additionally plans to introduce an East African shilling. History The word ''shilling'' comes from Old English "Scilling", a monetary term meaning twentieth of a pound, from the Proto-Germanic root skiljaną meaning 'to separate, split, divide', from (s)kelH- meaning 'to cut, split.' The word "Scilling" is mentioned in the earliest recorded Germanic law codes, those of Æthelberht of Kent. There is evidence that it may alternatively be an early borrowing of Phoenic ...
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Pound (mass)
The pound or pound-mass is a unit of mass used in British imperial and United States customary systems of measurement. Various definitions have been used; the most common today is the international avoirdupois pound, which is legally defined as exactly , and which is divided into 16 avoirdupois ounces. The international standard symbol for the avoirdupois pound is lb; an alternative symbol is lbm (for most pound definitions), # ( chiefly in the U.S.), and or ″̶ (specifically for the apothecaries' pound). The unit is descended from the Roman (hence the abbreviation "lb"). The English word ''pound'' is cognate with, among others, German , Dutch , and Swedish . These units are historic and are no longer used (replaced by the metric system). Usage of the unqualified term ''pound'' reflects the historical conflation of mass and weight. This accounts for the modern distinguishing terms ''pound-mass'' and '' pound-force''. Etymology The word 'pound' and its cognates ...
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Offa Of Mercia
Offa (died 29 July 796 AD) was King of Mercia, a kingdom of Anglo-Saxon England, from 757 until his death. The son of Thingfrith and a descendant of Eowa, Offa came to the throne after a period of civil war following the assassination of Æthelbald. Offa defeated the other claimant, Beornred. In the early years of Offa's reign, it is likely that he consolidated his control of Midland peoples such as the Hwicce and the Magonsæte. Taking advantage of instability in the kingdom of Kent to establish himself as overlord, Offa also controlled Sussex by 771, though his authority did not remain unchallenged in either territory. In the 780s he extended Mercian Supremacy over most of southern England, allying with Beorhtric of Wessex, who married Offa's daughter Eadburh, and regained complete control of the southeast. He also became the overlord of East Anglia and had King Æthelberht II of East Anglia beheaded in 794, perhaps for rebelling against him. Offa was a Christian king ...
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Tetradrachm
The tetradrachm ( grc-gre, τετράδραχμον, tetrádrachmon) was a large silver coin that originated in Ancient Greece. It was nominally equivalent to four drachmae. Over time the tetradrachm effectively became the standard coin of the Antiquity, spreading well beyond the borders of the Greek World. As a result, tetradrachms were minted in vast quantities by various polities in many weight and finesse standards, though the Athens-derived ''Attic standard'' of about 17.2 grams was the most common. Because of their large size, tetradrachms were often used by various states or rulers to advertise themselves or to deliver political messages. Popularity of the tetradrachm outlived the political independence of the Greeks and it remained in wide circulation in the Mediterranean up until Crisis of the Third Century, while debased varieties persisted in India and Central Asia into early Middle Ages. Due to their often high artistic level tetradrachms are eagerly collected in m ...
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Athenian Empire
The Delian League, founded in 478 BC, was an association of Greek city-states, numbering between 150 and 330, under the leadership of Athens, whose purpose was to continue fighting the Persian Empire after the Greek victory in the Battle of Plataea at the end of the Second Persian invasion of Greece. The League's modern name derives from its official meeting place, the island of Delos, where congresses were held in the temple and where the treasury stood until, in a symbolic gesture, Pericles moved it to Athens in 454 BC. Shortly after its inception, Athens began to use the League's funds for its own purposes, which led to conflicts between Athens and the less powerful members of the League. By 431 BC, the threat the League presented to Spartan hegemony combined with Athens's heavy-handed control of the Delian League prompted the outbreak of the Peloponnesian War; the League was dissolved upon the war's conclusion in 404 BC under the direction of Lysander, the Spartan commander ...
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Ingot
An ingot is a piece of relatively pure material, usually metal, that is cast into a shape suitable for further processing. In steelmaking, it is the first step among semi-finished casting products. Ingots usually require a second procedure of shaping, such as cold/hot working, cutting, or milling to produce a useful final product. Non-metallic and semiconductor materials prepared in bulk form may also be referred to as ingots, particularly when cast by mold based methods. Precious metal ingots can be used as currency (with or without being processed into other shapes), or as a currency reserve, as with gold bars. Types Ingots are generally made of metal, either pure or alloy, heated past its melting point and cast into a bar or block using a mold chill method. A special case are polycrystalline or single crystal ingots made by pulling from a molten melt. Single crystal Single crystal ingots (called boules) of materials are grown (crystal growth) using methods such as the Czo ...
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Penny (English Coin)
The English penny (plural "pence"), originally a coin of pure silver, was introduced by King Offa of Mercia. These coins were similar in size and weight to the continental '' deniers'' of the period and to the Anglo-Saxon sceats which had preceded it. Throughout the period of the Kingdom of England, from its beginnings in the 9th century, the penny was produced in silver. Pennies of the same nominal value, of a pound sterling, were in circulation continuously until the creation of the Kingdom of Great Britain in 1707. Etymology The name "penny" comes from the Old English ''pennige'' (), sharing the same root as the German ''Pfennig''. Its abbreviation d. comes from the Roman ''denarius'' and was used until decimalisation in 1971. Idioms Due to their ubiquity pennies have accumulated a great number of idioms to their name usually recognizing them for their commonality and minuscule value. These might include: *cut (one) off without a penny *mean enough to steal a penny of ...
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Shekel
Shekel or sheqel ( akk, 𒅆𒅗𒇻 ''šiqlu'' or ''siqlu,'' he, שקל, plural he, שקלים or shekels, Phoenician: ) is an ancient Mesopotamian coin, usually of silver. A shekel was first a unit of weight—very roughly —and became currency in ancient Tyre and ancient Carthage and then in ancient Israel under the Maccabees. Name The word is based on the Semitic verbal root for "weighing" (''Š-Q-L''), cognate to the Akkadian or , a unit of weight equivalent to the Sumerian . Use of the word was first attested in during the Akkadian Empire under the reign of Naram-Sin, and later in in the Code of Hammurabi. The ''Š-Q-L'' root is found in the Hebrew words for "to weigh" (), "weight" () and "consideration" (). It is cognate to the Aramaic root ''T-Q-L'' and the Arabic ''root Θ-Q-L'' ''ثقل'', in words such as (the weight), (heavy) or (unit of weight). The famous writing on the wall in the Biblical Book of Daniel includes a cryptic use of the word in Ara ...
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Mesopotamia
Mesopotamia ''Mesopotamíā''; ar, بِلَاد ٱلرَّافِدَيْن or ; syc, ܐܪܡ ܢܗܪ̈ܝܢ, or , ) is a historical region of Western Asia situated within the Tigris–Euphrates river system, in the northern part of the Fertile Crescent. Today, Mesopotamia occupies modern Iraq. In the broader sense, the historical region included present-day Iraq and Kuwait and parts of present-day Iran, Syria and Turkey. The Sumerians and Akkadians (including Assyrians and Babylonians) originating from different areas in present-day Iraq, dominated Mesopotamia from the beginning of written history () to the fall of Babylon in 539 BC, when it was conquered by the Achaemenid Empire. It fell to Alexander the Great in 332 BC, and after his death, it became part of the Greek Seleucid Empire. Later the Arameans dominated major parts of Mesopotamia (). Mesopotamia is the site of the earliest developments of the Neolithic Revolution from around 10,000 BC. It ha ...
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