1.
Sampler (needlework)
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A sampler is a piece of embroidery or cross-stitching produced as a demonstration or a test of skill in needlework. It often includes the alphabet, figures, motifs, decorative borders and sometimes the name of the person who embroidered it, the word sampler is derived from the Latin ‘exemplum’ - an example. The earliest sampler extant is a sampler, i. e. one having randomly scattered motifs, of the Nazca culture in Peru formerly in the Museum of Primitive Art. It is estimated to date from ca.200 BCE –300 CE and is worked in cotton and it has seventy-four figures of birds, plants and mythological beings. Coptic sampler fragments of silk on linen in double running stitch and these are pattern samplers having designs based on early Christian symbols. Samplers were known to be used by stitchers in Europe as early as the beginning of the 16th century, a collection of fifty dechados was listed in the 1509 inventory of the possessions of Queen Joanna of Castile. They were described as stitchery and deshilado, some in silk, at the time of the inventory they were in the care of her chamberlain Diego de Rivera and his son Alonso, but they have all disappeared. The oldest surviving European samplers were made in the 16th and 17th centuries, as there were few pre-printed patterns available for needleworkers, a stitched model was needed. Whenever a needlewoman saw a new and interesting example of a stitching pattern, the patterns were sewn randomly onto the fabric as a reference for future use, and the woman would collect extra stitches and patterns throughout her lifetime. Pattern books were copied and issued by other publishers. Some are still available in reprint today, the earliest British dated surviving sampler, housed in the Victoria and Albert Museum in London, was made by Jane Bostocke who included her name and the date 1598 in the inscription. Stitched with silk and metal thread on linen it has pictorial figures above with border and all-over patterns below, both are worked in silk and linen. A Dutch sampler dated 1585 survives in the Nederlands Openluchtmuseum in Arnhem, a sampler in the Museum of London has two cutwork bands stitched in silk, gold, and silver threads and thirteen bands of reticella whitework in white linen thread. The fourth band from the top has the initials E R, the arms of Queen Elizabeth I. It is believed to date before the death in 1603. Because very few samplers from the 16th century have found it is not possible to generalize about their style. By the middle of the 17th century English, Dutch, as fabric was very expensive, these samplers were totally covered with neat rows of stitches. They were known as band samplers and valued highly, often being mentioned in wills and these samplers were stitched using a variety of needlework styles, threads, and ornament
2.
Rochester Guildhall
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The Guildhall is an historic Grade I listed building located in Rochester, Medway, South East England. It was constructed in 1697 and has part of the Guildhall Museum since 1979. A notable feature is a weathervane dating from 1780 in the form of an 18th-century warship. Its staircase and main hall have magnificent plaster ceilings, which were given in 1695 by Admiral Sir Cloudsley Shovell, the Guildhall Chamber is said to feature in the novel Great Expectations by Charles Dickens, and the museum includes a room dedicated to the author
3.
Rochester, Kent
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Rochester is a town and historic city in the unitary authority of Medway in Kent, England. It is situated at the lowest bridging point of the River Medway about 30 miles from London, Rochester was for many years a favourite of Charles Dickens, who owned nearby Gads Hill Place, Higham, basing many of his novels on the area. Rochester and its neighbours, Chatham and Gillingham, Strood and a number of outlying villages form a large urban area known as the Medway Towns with a population of about 250,000. These places nowadays make up the Medway Unitary Authority area and it was, until 1998, under the control of Kent County Council and is still part of the ceremonial county of Kent, under the latest Lieutenancies Act. The Romano-British name for Rochester was Durobrivae, later Durobrivis c.730, the two commonly cited origins of this name are that it either came from stronghold by the bridge, or is the latinisation of the British word Dourbruf meaning swiftstream. In later times, the word cæster was added to the name, bede mentions the city in ca.730 and calls it Hrofes cæster, mistaking its meaning as Hrofis fortified camp. From this we get c.730 Hrofæscæstre,811 Hrofescester,1086 Rovescester,1610 Rochester, the Latinised adjective Roffensis refers to Rochester. Neolithic remains have been found in the vicinity of Rochester, over time it has been occupied by Celts, Romans. During the Celtic period it was one of the two centres of the Cantiaci tribe. During the Roman conquest of Britain a decisive battle was fought at the Medway somewhere near Rochester, the first bridge was subsequently constructed early in the Roman period. During the later Roman period the settlement was walled in stone, King Ethelbert of Kent established a legal system which has been preserved in the 12th century Textus Roffensis. In AD604 the bishopric and cathedral were founded, during this period, from the recall of the legions until the Norman conquest, Rochester was sacked at least twice and besieged on another occasion. The medieval period saw the building of the current cathedral, the building of two castles and the establishment of a significant town, Rochester Castle saw action in the sieges of 1215 and 1264. Its basic street plan was set out, constrained by the river, Watling Street, Rochester Priory, the city was raided by the Dutch as part of the Second Anglo-Dutch War. The Dutch, commanded by Admiral de Ruijter, broke through the chain at Upnor and sailed to Rochester Bridge capturing part of the English fleet, Rochester has for centuries been of great strategic importance through its position near the confluence of the Thames and the Medway. Rochester Castle was built to guard the crossing, and the Royal Dockyards establishment at Chatham witnessed the beginning of the Royal Navys long period of supremacy. The town, as part of Medway, is surrounded by two circles of fortresses, the line built during the Napoleonic wars consists of Fort Clarence, Fort Pitt, Fort Amherst. During the Second World War, Shorts also designed and manufactured the first four-engined bomber, Rochester and its neighbouring communities were hit hard by this and have experienced a painful adjustment to a post-industrial economy, with much social deprivation and unemployment resulting
4.
Currency
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A currency in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a system of money in common use, under this definition, US dollars, British pounds, Australian dollars, and European euros are examples of currency. These various currencies are recognized stores of value and are traded between nations in exchange markets, which determine the relative values of the different currencies. Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance, other definitions of the term currency are discussed in their respective synonymous articles banknote, coin, and money. The latter definition, pertaining to the systems of nations, is the topic of this article. Currencies can be classified into two systems, fiat money and commodity money, depending on what guarantees the value. Some currencies are legal tender in certain jurisdictions, which means they cannot be refused as payment for debt. Others are simply traded for their economic value, digital currency has arisen with the popularity of computers and the Internet. Currency evolved from two basic innovations, both of which had occurred by 2000 BC, originally money was a form of receipt, representing grain stored in temple granaries in Sumer in ancient Mesopotamia, then Ancient Egypt. In this first stage of currency, metals were used as symbols to represent value stored in the form of commodities and this formed the basis of trade in the Fertile Crescent for over 1500 years. Trade could only reach as far as the credibility of that military and it is not known what was used as a currency for these exchanges, but it is thought that ox-hide shaped ingots of copper, produced in Cyprus, may have functioned as a currency. It is thought that the increase in piracy and raiding associated with the Bronze Age collapse, possibly produced by the Peoples of the Sea, brought the trading system of oxhide ingots to an end. In Africa, many forms of value store have been used, including beads, ingots, ivory, various forms of weapons, livestock, the manilla currency, the manilla rings of West Africa were one of the currencies used from the 15th century onwards to sell slaves. African currency is still notable for its variety, and in many various forms of barter still apply. These factors led to the metal itself being the store of value, first silver, now we have copper coins and other non-precious metals as coins. Metals were mined, weighed, and stamped into coins and this was to assure the individual taking the coin that he was getting a certain known weight of precious metal. Coins could be counterfeited, but they created a new unit of account. Most major economies using coinage had several tiers of coins, using a mix of copper, silver, gold coins were used for large purchases, payment of the military and backing of state activities, they were more often used as measures of account than physical coins
5.
British Isles
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The British Isles are a group of islands off the north-western coast of continental Europe that consist of the islands of Great Britain, Ireland and over six thousand smaller isles. Situated in the North Atlantic, the islands have an area of approximately 315,159 km2. Two sovereign states are located on the islands, Ireland and the United Kingdom of Great Britain, the oldest rocks in the group are in the north west of Scotland, Ireland and North Wales and are 2,700 million years old. During the Silurian period the north-western regions collided with the south-east, the topography of the islands is modest in scale by global standards. Ben Nevis rises to an elevation of only 1,344 metres, and Lough Neagh, the climate is temperate marine, with mild winters and warm summers. The North Atlantic Drift brings significant moisture and raises temperatures 11 °C above the average for the latitude. This led to a landscape which was dominated by temperate rainforest. The region was re-inhabited after the last glacial period of Quaternary glaciation, Ireland, which became an island by 12,000 BC, was not inhabited until after 8000 BC. Great Britain became an island by 5600 BC, Hiberni, Pictish and Britons tribes, all speaking Insular Celtic, inhabited the islands at the beginning of the 1st millennium AD. Much of Brittonic-controlled Britain was conquered by the Roman Empire from AD43, the first Anglo-Saxons arrived as Roman power waned in the 5th century and eventually dominated the bulk of what is now England. Viking invasions began in the 9th century, followed by permanent settlements. Most of Ireland seceded from the United Kingdom after the Irish War of Independence, the term British Isles is controversial in Ireland, where there are objections to its usage due to the association of the word British with Ireland. The Government of Ireland does not recognise or use the term, as a result, Britain and Ireland is used as an alternative description, and Atlantic Archipelago has had limited use among a minority in academia, while British Isles is still commonly employed. Within them, they are sometimes referred to as these islands. The earliest known references to the islands as a group appeared in the writings of sea-farers from the ancient Greek colony of Massalia. The original records have been lost, however, later writings, e. g. Avienuss Ora maritima, in the 1st century BC, Diodorus Siculus has Prettanikē nēsos, the British Island, and Prettanoi, the Britons. Strabo used Βρεττανική, and Marcian of Heraclea, in his Periplus maris exteri, historians today, though not in absolute agreement, largely agree that these Greek and Latin names were probably drawn from native Celtic-language names for the archipelago. Along these lines, the inhabitants of the islands were called the Πρεττανοί, the shift from the P of Pretannia to the B of Britannia by the Romans occurred during the time of Julius Caesar
6.
British Empire
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The British Empire comprised the dominions, colonies, protectorates, mandates and other territories ruled or administered by the United Kingdom and its predecessor states. It originated with the possessions and trading posts established by England between the late 16th and early 18th centuries. At its height, it was the largest empire in history and, for over a century, was the foremost global power. By 1913, the British Empire held sway over 412 million people, 23% of the population at the time. As a result, its political, legal, linguistic and cultural legacy is widespread, during the Age of Discovery in the 15th and 16th centuries, Portugal and Spain pioneered European exploration of the globe, and in the process established large overseas empires. Envious of the great wealth these empires generated, England, France, the independence of the Thirteen Colonies in North America in 1783 after the American War of Independence caused Britain to lose some of its oldest and most populous colonies. British attention soon turned towards Asia, Africa, and the Pacific, after the defeat of France in the Revolutionary and Napoleonic Wars, Britain emerged as the principal naval and imperial power of the 19th century. In the early 19th century, the Industrial Revolution began to transform Britain, the British Empire expanded to include India, large parts of Africa and many other territories throughout the world. In Britain, political attitudes favoured free trade and laissez-faire policies, during the 19th Century, Britains population increased at a dramatic rate, accompanied by rapid urbanisation, which caused significant social and economic stresses. To seek new markets and sources of raw materials, the Conservative Party under Benjamin Disraeli launched a period of imperialist expansion in Egypt, South Africa, Canada, Australia, and New Zealand became self-governing dominions. By the start of the 20th century, Germany and the United States had begun to challenge Britains economic lead, subsequent military and economic tensions between Britain and Germany were major causes of the First World War, during which Britain relied heavily upon its empire. The conflict placed enormous strain on the military, financial and manpower resources of Britain, although the British Empire achieved its largest territorial extent immediately after World War I, Britain was no longer the worlds pre-eminent industrial or military power. In the Second World War, Britains colonies in Southeast Asia were occupied by Imperial Japan, despite the final victory of Britain and its allies, the damage to British prestige helped to accelerate the decline of the empire. India, Britains most valuable and populous possession, achieved independence as part of a larger movement in which Britain granted independence to most territories of the empire. The transfer of Hong Kong to China in 1997 marked for many the end of the British Empire, fourteen overseas territories remain under British sovereignty. After independence, many former British colonies joined the Commonwealth of Nations, the United Kingdom is now one of 16 Commonwealth nations, a grouping known informally as the Commonwealth realms, that share a monarch, Queen Elizabeth II. The foundations of the British Empire were laid when England and Scotland were separate kingdoms. In 1496, King Henry VII of England, following the successes of Spain and Portugal in overseas exploration, Cabot led another voyage to the Americas the following year but nothing was ever heard of his ships again
7.
Commonwealth of Nations
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The Commonwealth of Nations, also known as simply the Commonwealth, is an intergovernmental organisation of 52 member states that are mostly former territories of the British Empire. The Commonwealth dates back to the century with the decolonisation of the British Empire through increased self-governance of its territories. It was formally constituted by the London Declaration in 1949, which established the states as free. The symbol of free association is Queen Elizabeth II who is the Head of the Commonwealth. The Queen is also the monarch of 16 members of the Commonwealth, the other Commonwealth members have different heads of state,31 members are republics and five are monarchies with a different monarch. Member states have no obligation to one another. Instead, they are united by language, history, culture and their values of democracy, free speech, human rights. These values are enshrined in the Commonwealth Charter and promoted by the quadrennial Commonwealth Games, the Commonwealth covers more than 29,958,050 km2, 20% of the worlds land area, and spans all six inhabited continents. She declared, So, it marks the beginning of that free association of independent states which is now known as the Commonwealth of Nations. As long ago as 1884, however, Lord Rosebery, while visiting Australia, had described the changing British Empire—as some of its colonies became more independent—as a Commonwealth of Nations. Conferences of British and colonial prime ministers occurred periodically from the first one in 1887, the Commonwealth developed from the imperial conferences. Newfoundland never did, as on 16 February 1934, with the consent of its parliament, Newfoundland later joined Canada as its 10th province in 1949. Australia and New Zealand ratified the Statute in 1942 and 1947 respectively, after World War II ended, the British Empire was gradually dismantled. Most of its components have become independent countries, whether Commonwealth realms or republics, there remain the 14 British overseas territories still held by the United Kingdom. In April 1949, following the London Declaration, the word British was dropped from the title of the Commonwealth to reflect its changing nature, burma and Aden are the only states that were British colonies at the time of the war not to have joined the Commonwealth upon independence. Hoped for success was reinforced by such achievements as climbing Mount Everest in 1953, breaking the four minute mile in 1954, however, the humiliation of the Suez Crisis of 1956 badly hurt morale of Britain and the Commonwealth as a whole. More broadly, there was the loss of a role of the British Empire. That role was no longer militarily or financially feasible, as Britains withdrawal from Greece in 1947 painfully demonstrated, Britain itself was now just one part of the NATO military alliance in which the Commonwealth had no role apart from Canada
8.
Ancient Roman units of measurement
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The ancient Roman units of measurement were largely built on the Hellenic system, which in turn was built upon Egyptian and Mesopotamian influences. The Roman units were comparatively consistent and well documented, the basic unit of Roman linear measurement was the pes or Roman foot. Investigation of its relation to the English foot goes back at least to 1647, an accepted modern value is 296 mm. The Roman foot was sub-divided either like the Greek pous into 16 digiti or fingers, frontinus writes in the 1st century AD that the digitus was used in Campania and most parts of Italy. Columella also gives uncial divisions of the jugerum, tabulated by the translator of the 1745 Millar edition as follows, Both liquid. As no two surviving examples are identical, scholarly opinion ranges from 530 ml to 580 ml. Cardarelli gives a value 549.28 ml. A1952 estimate for its value in Pliny the Elders Natural History estimated it as 500 ml.3 ml, which falls comfortably within the accepted range. The core volume units are, amphora quadrantal – one cubic pes congius – a half-pes cube sextarius – literally 1⁄6, of a congius The units of weight or mass were mostly based on factors of 12. Several of the names were also the names of coins during the Roman Republic and had the same fractional value of a larger base unit, libra for weight. Modern estimates of the range from 322 to 329 g with 5076 grains or 328.9 g an accepted figure. The as was reduced from 12 ounces to 2 after the First Punic War, to 1 during the Second Punic War, the divisions of the libra were, The subdivisions of the uncia were, The complicated Roman calendar was replaced by the Julian calendar in 45 BC. In the Julian calendar, a year is 365 days long. Between 45 BC and AD1, leap years occurred at irregular intervals, starting in AD4, leap years occurred regularly every four years. Year numbers were used, rather, the year was specified by naming the Roman consuls for that year. When a year number was required, the Greek Olympiads were used, or the count of years since the founding of Rome, in the middle ages, the year numbering was changed to the Anno Domini count. The Romans grouped days into a cycle called a nundina. Each astrological day was reckoned to begin at sunrise, the Jews also used a seven-day week, which began Saturday evening. The seventh day of the week they called Sabbath, the days they numbered rather than named, except for Friday
9.
Solidus (coin)
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The solidus, nomisma, or bezant was originally a relatively pure gold coin issued in the Late Roman Empire. Under Constantine, who introduced it on a scale, it had a weight of about 4.5 grams. The Byzantine solidus also inspired the originally slightly less pure Arabian dinar, in late Antiquity and the Middle Ages, the solidus also functioned as a unit of weight equal to 1/72 of a pound. The solidus was introduced by Diocletian in AD301 as a replacement of the aureus, composed of solid gold. His minting was on a scale, however, and the coin only entered widespread circulation under Constantine I after AD312. Constantines solidus was struck at a rate of 72 to a Roman pound of gold, each coin weighed 24 Greco-Roman carats. By this time, the solidus was worth 275,000 increasingly debased denarii, with the exception of the early issues of Constantine the Great and the odd usurpers the Solidus today is a much more affordable Gold Roman Coin to collect compared to the Older Aureus. Especially those of Valens Honorius and later Byzantine issues, the solidus was maintained essentially unaltered in weight, dimensions and purity until the 10th century. During the 6th and 7th centuries lightweight solidi of 20,22 or 23 siliquae were struck along with the weight issues. Many of these coins have been found in Europe, Russia and Georgia. The lightweight solidi were distinguished by different markings on the coin, usually in the exergue for the 20 and 22 siliquae coins and by stars in the field for the 23 siliquae coins. In theory the solidus was struck from pure gold, but because of the limits of refining techniques, in the Greek-speaking world during the Roman period, and then in the Byzantine economy, the solidus was known as the νόμισμα nomisma. Initially it was difficult to distinguish the two coins, as they had the design, dimensions and purity, and there were no marks of value to distinguish the denominations. The only difference was the weight, the tetarteron nomisma was a lighter coin, about 4.05 grams, but the histamenon nomisma maintained the traditional weight of 4.5 grams. To eliminate confusion between the two, from the reign of Basil II the solidus was struck as a coin with a larger diameter. From the middle of the 11th century the larger diameter histamenon nomisma was struck on a concave flan, former money changer Michael IV the Paphlagonian assumed the throne of Byzantium in 1034 and began the slow process of debasing both the tetarteron nomisma and the histamenon nomisma. Alexius reformed the coinage in 1092 and eliminated the solidus altogether, in its place he introduced a new gold coin called the hyperpyron nomisma at about 20. 5k fine. The weight, dimensions and purity of the hyperpyron nomisma remained stable until the fall of Constantinople to the Crusaders in 1204, after that time the exiled Empire of Nicea continued to strike a debased hyperpyron nomisma
10.
Denarius
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In the Roman currency system, the dēnārius, plural, dēnāriī was a small silver coin first minted about 211 BC during the Second Punic War. It is the origin of modern words such as the currency name dinar, it is also the origin for the common noun for money in Italian denaro, in Portuguese dinheiro. Its symbol is X̶, a x with stroke. A predecessor of the denarius was first struck in 267 BC, five years before the first Punic War with a weight of 6.81 grams. Contact with the Greeks prompted a need for coinage in addition to the bronze currency that the Romans were using during that time. The predecessor of the denarius was a Greek-styled silver coin, very similar to the didrachm and drachma struck in Metapontion and these coins were inscribed for Rome but closely resemble their Greek counterparts. They were most likely used for purposes and were seldom used in Rome. The first distinctively Roman silver coin appeared around 226 BC, Rome overhauled its coinage around 211 BC and introduced the denarius alongside a short-lived denomination called the victoriatus. This denarius contained an average 4.5 grams, or 1⁄72 of a Roman pound of silver and it formed the backbone of Roman currency throughout the Roman republic. The denarius began to undergo slow debasement toward the end of the republican period, under the rule of Augustus, its silver content fell to 3.9 grams. It remained at nearly this weight until the time of Nero, debasement of the coins silver content continued after Nero. Later Roman emperors reduced its content to 3 grams around the third century. The value at its introduction was 10 asses, giving the denarius its name, in about 141 BC, it was re-tariffed at 16 asses, to reflect the decrease in weight of the as. The denarius continued to be the coin of the Roman Empire until it was replaced by the antoninianus in the middle of the third century. The last issuance of this occurred in bronze form by Aurelian. For more details, see Denarius, in A Dictionary of Ancient Roman Coins, the denarius has a link from the Roman times to the British penny and US1 cent piece. It is difficult to give even rough comparative values for money from before the 20th century, as the range of products and services available for purchase was different. Classical historians often say that in the late Roman Republic and early Roman Empire the daily wage for an unskilled laborer and common soldier was 1 denarius or about US$2. 8$ in bread
11.
United Kingdom
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The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom or Britain, is a sovereign country in western Europe. Lying off the north-western coast of the European mainland, the United Kingdom includes the island of Great Britain, Northern Ireland is the only part of the United Kingdom that shares a land border with another sovereign state—the Republic of Ireland. The Irish Sea lies between Great Britain and Ireland, with an area of 242,500 square kilometres, the United Kingdom is the 78th-largest sovereign state in the world and the 11th-largest in Europe. It is also the 21st-most populous country, with an estimated 65.1 million inhabitants, together, this makes it the fourth-most densely populated country in the European Union. The United Kingdom is a monarchy with a parliamentary system of governance. The monarch is Queen Elizabeth II, who has reigned since 6 February 1952, other major urban areas in the United Kingdom include the regions of Birmingham, Leeds, Glasgow, Liverpool and Manchester. The United Kingdom consists of four countries—England, Scotland, Wales, the last three have devolved administrations, each with varying powers, based in their capitals, Edinburgh, Cardiff and Belfast, respectively. The relationships among the countries of the UK have changed over time, Wales was annexed by the Kingdom of England under the Laws in Wales Acts 1535 and 1542. A treaty between England and Scotland resulted in 1707 in a unified Kingdom of Great Britain, which merged in 1801 with the Kingdom of Ireland to form the United Kingdom of Great Britain and Ireland. Five-sixths of Ireland seceded from the UK in 1922, leaving the present formulation of the United Kingdom of Great Britain, there are fourteen British Overseas Territories. These are the remnants of the British Empire which, at its height in the 1920s, British influence can be observed in the language, culture and legal systems of many of its former colonies. The United Kingdom is a country and has the worlds fifth-largest economy by nominal GDP. The UK is considered to have an economy and is categorised as very high in the Human Development Index. It was the worlds first industrialised country and the worlds foremost power during the 19th, the UK remains a great power with considerable economic, cultural, military, scientific and political influence internationally. It is a nuclear weapons state and its military expenditure ranks fourth or fifth in the world. The UK has been a permanent member of the United Nations Security Council since its first session in 1946 and it has been a leading member state of the EU and its predecessor, the European Economic Community, since 1973. However, on 23 June 2016, a referendum on the UKs membership of the EU resulted in a decision to leave. The Acts of Union 1800 united the Kingdom of Great Britain, Scotland, Wales and Northern Ireland have devolved self-government
12.
Pound sterling
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It is subdivided into 100 pence. A number of nations that do not use sterling also have called the pound. At various times, the sterling was commodity money or bank notes backed by silver or gold. The pound sterling is the worlds oldest currency still in use, the British Crown dependencies of Guernsey and Jersey produce their own local issues of sterling, the Guernsey pound and the Jersey pound. The pound sterling is also used in the Isle of Man, Gibraltar, the Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling is the fourth most-traded currency in the exchange market, after the United States dollar, the euro. Together with those three currencies it forms the basket of currencies which calculate the value of IMF special drawing rights, Sterling is also the third most-held reserve currency in global reserves. The full, official name, pound sterling, is used mainly in formal contexts, otherwise the term pound is normally used. The abbreviations ster. or stg. are sometimes used, the term British pound is commonly used in less formal contexts, although it is not an official name of the currency. The pound sterling is also referred to as cable amongst forex traders, the origins of this term are attributed to the fact that in the 1800s, the dollar/pound sterling exchange rate was transmitted via transatlantic cable. Forex brokers are sometimes referred to as cable dealers, as another established source notes, the compound expression was then derived, silver coins known as sterlings were issued in the Saxon kingdoms,240 of them being minted from a pound of silver. Hence, large payments came to be reckoned in pounds of sterlings, in 1260, Henry III granted them a charter of protection. And because the Leagues money was not frequently debased like that of England, English traders stipulated to be paid in pounds of the Easterlings, and land for their Kontor, the Steelyard of London, which by the 1340s was also called Easterlings Hall, or Esterlingeshalle. For further discussion of the etymology of sterling, see sterling silver, the currency sign for the pound sign is £, which is usually written with a single cross-bar, though a version with a double cross-bar is also sometimes seen. The ISO4217 currency code is GBP, occasionally, the abbreviation UKP is used but this is non-standard because the ISO3166 country code for the United Kingdom is GB. The Crown dependencies use their own codes, GGP, JEP, stocks are often traded in pence, so traders may refer to pence sterling, GBX, when listing stock prices. A common slang term for the pound sterling or pound is quid, since decimalisation in 1971, the pound has been divided into 100 pence. The symbol for the penny is p, hence an amount such as 50p properly pronounced fifty pence is more colloquially, quite often, pronounced fifty pee /fɪfti, pi and this also helped to distinguish between new and old pence amounts during the changeover to the decimal system
13.
Shilling
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The shilling is a unit of currency formerly used in the United Kingdom, Australia, United States, and other British Commonwealth countries. The word shilling comes from scilling, a term that dates back to Anglo-Saxon times, and from there back to Old Norse. Slang terms for the old shilling coins include bob and hog, while the derivation of bob is uncertain, John Camden Hotten in his 1864 Slang Dictionary says the original version was bobstick and wonders if it is connected with Sir Robert Walpole. One abbreviation for shilling is s, often it was represented by a solidus symbol, which may have originally stood for a long s or ſ, thus 1/9 would be one shilling and ninepence. A price with no pence was sometimes written with a slash, the solidus symbol is still used for the shilling currency unit in former British East Africa, rather than sh. During the Great Recoinage of 1816, the mint was instructed to coin one troy pound of silver into 66 shillings. This set the weight of the shilling, and its subsequent decimal replacement 5 new pence coin, at 87.2727 grains or 5.655 grams from 1816 until 1990, in the past, the English world has had various myths about the shilling. One myth was that it was deemed to be the value of a cow in Kent or a sheep elsewhere, a shilling was a coin used in England from the reign of Henry VII. The term shilling was in use in Scotland from early medieval times, the common currency created in 1707 by Article 16 of the Articles of Union continued in use until decimalisation in 1971. In the traditional pounds, shillings and pence system, there were 20 shillings per pound and 12 pence per shilling, three coins denominated in multiple shillings were also in circulation at this time. In the Irish Free State and Republic of Ireland the shilling was issued as scilling in Irish and it was worth 1/20th of an Irish pound, and was interchangeable at the same value to the British coin, which continued to be used in Northern Ireland. The coin featured a bull on the reverse side, the first minting, from 1928 until 1941, contained 75% silver, more than the equivalent British coin. The original Irish shilling coin ) was withdrawn from circulation on 1 January 1993, Australian shillings, twenty of which made up one Australian pound, were first issued in 1910, with the Australian coat of arms on the reverse and King Edward VII on the face. The coat of arms design was retained through the reign of King George V until a new head design was introduced for the coins of King George VI. This design continued until the last year of issue in 1963, in 1966, Australias currency was decimalised and the shilling was replaced by a ten cent coin, where 10 shillings made up one Australian dollar. The slang term for a coin in Australia was deener. The slang term for a shilling as currency unit was bob, after 1966, shillings continued to circulate, as they were replaced by 10-cent coins of the same size and weight. New Zealand shillings, twenty of which made up one New Zealand pound, were first issued in 1933, in 1967, New Zealands currency was decimalised and the shilling was replaced by a ten cent coin of the same size and weight
14.
Penny
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A penny is a coin or a unit of currency in various countries. Borrowed from the Carolingian denarius, it is usually the smallest denomination within a currency system, presently, it is the formal name of the British penny and the informal name of one American cent as well as the informal Irish designation of 1 cent euro coin. It is the name of the cent unit of account in Canada. The name is used in reference to various historical currencies also derived from the Carolingian system, such as the French denier. It may also be used to refer to any similar smallest-denomination coin. The Carolingian penny was originally a. 940-fine silver coin weighing 1/240 pound, the British penny remained a silver coin until the expense of the Napoleonic Wars prompted the use of base metals in 1797. Despite the decimalization of currencies in the United States and, later, throughout the British Commonwealth, no penny is currently formally subdivided, although farthings, halfpennies, and half cents have previously been minted and the mill remains in use as a unit of account in some contexts. Penny is first attested in a 1394 Scots text, a variant of Old English peni, a development of numerous variations including pennig, penning, and pending. The etymology of the penny is uncertain, although cognates are common across almost all Germanic languages and suggest a base *pan-, *pann-. Recently, it has proposed that it may represent an early borrowing of Punic PN. Following decimalization, the British and Irish coins were marked new penny until 1982 and 1985, the regular plural pennies fell out of use in England from the 16th century, except in reference to coins considered individually. The informal name for the American cent seems to have spread from New York, in British English, prior to decimalization, values from two to eleven pence and of twenty pence are often written and spoken as a single word, as twopence, threepence, &c. Where a single coin represented a number of pence, it was treated as a single noun, thus, a threepence would be single coin of that value whereas three pence would be its value and three pennies would be three penny coins. In British English, divisions of a penny were added to such combinations without a conjunction, as sixpence-farthing, adjectival use of such coins used the ending -penny, as sixpenny. The British abbreviation d. derived from the Latin denarius and it followed the amount after a space. It has been replaced since decimalization by p, usually written without a space or period, from this abbreviation, it is common to speak of pennies and values in pence as p. In North America, it is common to abbreviate cents with the currency symbol ¢, elsewhere, it is usually written with a simple c. The medieval silver penny was modeled on similar coins in antiquity, such as the Greek drachma, the Carthaginian shekel, forms of these seem to have reached as far as Norway and Sweden
15.
Roman Empire
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Civil wars and executions continued, culminating in the victory of Octavian, Caesars adopted son, over Mark Antony and Cleopatra at the Battle of Actium in 31 BC and the annexation of Egypt. Octavians power was then unassailable and in 27 BC the Roman Senate formally granted him overarching power, the imperial period of Rome lasted approximately 1,500 years compared to the 500 years of the Republican era. The first two centuries of the empires existence were a period of unprecedented political stability and prosperity known as the Pax Romana, following Octavians victory, the size of the empire was dramatically increased. After the assassination of Caligula in 41, the senate briefly considered restoring the republic, under Claudius, the empire invaded Britannia, its first major expansion since Augustus. Vespasian emerged triumphant in 69, establishing the Flavian dynasty, before being succeeded by his son Titus and his short reign was followed by the long reign of his brother Domitian, who was eventually assassinated. The senate then appointed the first of the Five Good Emperors, the empire reached its greatest extent under Trajan, the second in this line. A period of increasing trouble and decline began with the reign of Commodus, Commodus assassination in 192 triggered the Year of the Five Emperors, of which Septimius Severus emerged victorious. The assassination of Alexander Severus in 235 led to the Crisis of the Third Century in which 26 men were declared emperor by the Roman Senate over a time span. It was not until the reign of Diocletian that the empire was fully stabilized with the introduction of the Tetrarchy, which saw four emperors rule the empire at once. This arrangement was unsuccessful, leading to a civil war that was finally ended by Constantine I. Constantine subsequently shifted the capital to Byzantium, which was renamed Constantinople in his honour and it remained the capital of the east until its demise. Constantine also adopted Christianity which later became the state religion of the empire. However, Augustulus was never recognized by his Eastern colleague, and separate rule in the Western part of the empire ceased to exist upon the death of Julius Nepos. The Eastern Roman Empire endured for another millennium, eventually falling to the Ottoman Turks in 1453, the Roman Empire was among the most powerful economic, cultural, political and military forces in the world of its time. It was one of the largest empires in world history, at its height under Trajan, it covered 5 million square kilometres. It held sway over an estimated 70 million people, at that time 21% of the entire population. Throughout the European medieval period, attempts were made to establish successors to the Roman Empire, including the Empire of Romania, a Crusader state. Rome had begun expanding shortly after the founding of the republic in the 6th century BC, then, it was an empire long before it had an emperor
16.
Charlemagne
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Charlemagne or Charles the Great, numbered Charles I, was the King of the Franks from 768, King of the Lombards from 774 and Emperor of the Romans from 800. He united much of Europe during the early Middle Ages and he was the first recognised emperor in western Europe since the fall of the Western Roman Empire three centuries earlier. The expanded Frankish state which Charlemagne founded was called the Carolingian Empire, Charlemagne was the oldest son of Pepin the Short and Bertrada of Laon. He became king in 768 following his fathers death, initially as co-ruler with his brother Carloman I, carlomans sudden death in 771 in unexplained circumstances left Charlemagne as the undisputed ruler of the Frankish Kingdom. He continued his fathers policy towards the papacy and became its protector, removing the Lombards from power in northern Italy and he campaigned against the Saxons to his east, Christianising them upon penalty of death and leading to events such as the Massacre of Verden. Charlemagne reached the height of his power in 800 when he was crowned Emperor of the Romans by Pope Leo III on Christmas Day at Old St. Peters Basilica. Charlemagne has been called the Father of Europe, as he united most of Western Europe for the first time since the Roman Empire and his rule spurred the Carolingian Renaissance, a period of energetic cultural and intellectual activity within the Western Church. All Holy Roman Emperors considered their kingdoms to be descendants of Charlemagnes empire, up to the last Emperor Francis II and these and other machinations led to the eventual split of Rome and Constantinople in the Great Schism of 1054. Charlemagne died in 814, having ruled as emperor for thirteen years and he was laid to rest in his imperial capital of Aachen in what is today Germany. He married at least four times and had three sons, but only his son Louis the Pious survived to succeed him. By the 6th century, the western Germanic Franks had been Christianised, Francia, ruled by the Merovingians, was the most powerful of the kingdoms that succeeded the Western Roman Empire. Following the Battle of Tertry the Merovingians declined into powerlessness, for which they have dubbed the rois fainéants. Almost all government powers were exercised by their chief officer, the mayor of the palace, in 687, Pepin of Herstal, mayor of the palace of Austrasia, ended the strife between various kings and their mayors with his victory at Tertry. He became the governor of the entire Frankish kingdom. Pepin was the grandson of two important figures of the Austrasian Kingdom, Saint Arnulf of Metz and Pepin of Landen, Pepin of Herstal was eventually succeeded by his illegitimate son Charles, later known as Charles Martel. After 737, Charles governed the Franks in lieu of a king, Charles was succeeded in 741 by his sons Carloman and Pepin the Short, the father of Charlemagne. In 743, the brothers placed Childeric III on the throne to curb separatism in the periphery and he was the last Merovingian king. Carloman resigned office in 746, preferring to enter the church as a monk, Pepin brought the question of the kingship before Pope Zachary, asking whether it was logical for a king to have no royal power
17.
Offa of Mercia
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Offa was King of Mercia, a kingdom of Anglo-Saxon England, from 757 until his death in July 796. The son of Thingfrith and a descendant of Eowa, Offa came to the throne after a period of war following the assassination of Æthelbald. Offa defeated the other claimant, Beornred, in the early years of Offas 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 Offas daughter Eadburh and 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 who came into conflict with the Church, particularly with Jaenberht, Offa persuaded Pope Adrian I to divide the archdiocese of Canterbury in two, creating a new archdiocese of Lichfield. Offa had a dispute with the Bishop of Worcester, which was settled at the Council of Brentford in 781, many surviving coins from Offas reign carry elegant depictions of him, and the artistic quality of these images exceeds that of the contemporary Frankish coinage. Some of his coins carry images of his wife, Cynethryth – the only Anglo-Saxon queen ever depicted on a coin. Only three gold coins of Offas have survived, one is a copy of an Abbasid dinar of 774 and carries Arabic text on one side, the gold coins are of uncertain use but may have been struck to be used as alms or for gifts to Rome. Many historians regard Offa as the most powerful Anglo-Saxon king before Alfred the Great and his dominance never extended to Northumbria, though he gave his daughter Ælfflæd in marriage to the Northumbrian king Æthelred I in 792. Historians once saw his reign as part of a process leading to a unified England, in the words of a recent historian, Offa was driven by a lust for power, not a vision of English unity, and what he left was a reputation, not a legacy. Offa died in 796, his son, Ecgfrith, succeeded him, in the first half of the 8th century, the dominant Anglo-Saxon ruler was King Æthelbald of Mercia, who by 731 had become the overlord of all the provinces south of the River Humber. The power and prestige that Offa attained made him one of the most significant rulers in Early Medieval Britain, a key source for the period is the Anglo-Saxon Chronicle, a collection of annals in Old English narrating the history of the Anglo-Saxons. The Chronicle was a West Saxon production, however, and is thought to be biased in favour of Wessex, hence it may not accurately convey the extent of power achieved by Offa. That power can be seen at work in dating from Offas reign. Charters were documents which granted land to followers or to churchmen and were witnessed by the kings who had the authority to grant the land, a charter might record the names of both a subject king and his overlord on the witness list appended to the grant. Such a witness list can be seen on the Ismere Diploma, for example, Offas Dyke, most of which was probably built in his reign, is a testimony to the extensive resources Offa had at his command and his ability to organise them. Other surviving sources include a document known as the Tribal Hidage
18.
Nigeria
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Its coast in the south lies on the Gulf of Guinea in the Atlantic Ocean. It comprises 36 states and the Federal Capital Territory, where the capital, Nigeria is officially a democratic secular country. Modern-day Nigeria has been the site of numerous kingdoms and tribal states over the millennia, the modern state originated from British colonial rule beginning in the 19th century, and the merging of the Southern Nigeria Protectorate and Northern Nigeria Protectorate in 1914. The British set up administrative and legal structures whilst practising indirect rule through traditional chiefdoms, Nigeria became a formally independent federation in 1960, and plunged into a civil war from 1967 to 1970. Nigeria is often referred to as the Giant of Africa, owing to its large population, with approximately 184 million inhabitants, Nigeria is the most populous country in Africa and the seventh most populous country in the world. Nigeria has one of the largest populations of youth in the world, Nigeria is divided roughly in half between Christians, who live mostly in the southern part of the country, and Muslims in the northern part. A minority of the population practise religions indigenous to Nigeria, such as native to the Igbo. As of 2015, Nigeria is the worlds 20th largest economy, worth more than $500 billion and $1 trillion in terms of nominal GDP and it overtook South Africa to become Africas largest economy in 2014. The 2013 debt-to-GDP ratio was 11 percent, Nigeria is a member of the MINT group of countries, which are widely seen as the globes next BRIC-like economies. It is also listed among the Next Eleven economies set to become among the biggest in the world, Nigeria is a founding member of the African Union and a member of many other international organizations, including the United Nations, the Commonwealth of Nations and OPEC. The name Nigeria was taken from the Niger River running through the country and this name was coined in the late 19th century by British journalist Flora Shaw, who later married Lord Lugard, a British colonial administrator. The origin of the name Niger, which applied only to the middle reaches of the Niger River, is uncertain. The word is likely an alteration of the Tuareg name egerew n-igerewen used by inhabitants along the middle reaches of the river around Timbuktu prior to 19th-century European colonialism. The Nok civilisation of Northern Nigeria flourished between 500 BC and AD200, producing life-sized terracotta figures which are some of the earliest known sculptures in Sub-Saharan Africa, further north, the cities Kano and Katsina have a recorded history dating to around 999 AD. Hausa kingdoms and the Kanem-Bornu Empire prospered as trade posts between North and West Africa, the Kingdom of Nri of the Igbo people consolidated in the 10th century and continued until it lost its sovereignty to the British in 1911. Nri was ruled by the Eze Nri, and the city of Nri is considered to be the foundation of Igbo culture, Nri and Aguleri, where the Igbo creation myth originates, are in the territory of the Umeuri clan. Members of the clan trace their lineages back to the patriarchal king-figure Eri, in West Africa, the oldest bronzes made using the lost-wax process were from Igbo Ukwu, a city under Nri influence. The Yoruba kingdoms of Ife and Oyo in southwestern Nigeria became prominent in the 12th and 14th centuries, the oldest signs of human settlement at Ifes current site date back to the 9th century, and its material culture includes terracotta and bronze figures
19.
Penny (British pre-decimal coin)
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The pre-decimal penny was a coin worth 1/240th of a pound sterling. Its symbol was d, from the Roman denarius and it was a continuation of the earlier English penny, and in Scotland it had the same monetary value as one pre-1707 Scottish shilling. The penny was minted in silver, but from the late 18th century it was minted in copper. The plural of penny is pence when referring to a quantity of money, thus 8d is eight pence, but eight pennies means specifically eight individual penny coins. Before Decimal Day in 1971 twelve pence made a shilling, and twenty shillings made a pound, values less than a pound were usually written in terms of shillings and pence, e. g.42 pence would be three shillings and sixpence, pronounced three and six. Values of less than a shilling were simply written in terms of pence and this version of the penny was made obsolete in 1971 by decimalisation, and was replaced by the decimal penny which had a value 140% more. The kingdoms of England and Scotland were merged by the 1707 Act of Union to form the Kingdom of Great Britain, the penny replaced the shilling of the pound scots. The design and specifications of the English penny were unchanged by the Union, Queen Annes reign saw pennies minted in 1708,1709,1710, and 1713. These issues, however, were not for circulation, instead being minted as Maundy money. The prohibitive cost of minting silver coins had meant the size of pennies had been reduced over the years, the practice of minting pennies only for Maundy money continued through the reigns of George I and George II, and into that of George III. In 1797, the government authorised Matthew Boulton to strike copper pennies and twopences at his Soho Mint in Birmingham. At the time it was believed that the value of a coin should correspond to the value of the material it was made from. This requirement meant that the coins would be larger than the silver pennies minted previously. The large size of the coins, combined with the rim where the inscription was incuse i. e. punched into the metal rather than standing proud of it. These pennies were minted over the course of years. By 1802, the production of privately issued provincial tokens had ceased, however, in the next ten years the intrinsic value of copper rose. The return of privately minted token coinage was evident by 1811 and endemic by 1812, the Royal Mint undertook a massive recoinage programme in 1816, with large quantities of gold and silver coin being minted. To thwart the further issuance of private token coinage, in 1817 an Act of Parliament was passed which forbade the manufacture of private token coinage under very severe penalties
20.
Farthing (British coin)
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The British farthing coin, from fourthing, was a unit of currency of one quarter of a penny, or one nine hundred and sixtieth of a pound sterling. It was minted in bronze, and replaced the earlier copper farthings and it was used during the reign of six monarchs, Victoria, Edward VII, George V, Edward VIII, George VI and Elizabeth II, ceasing to be legal tender in 1960. It featured two different designs on its reverse during its one hundred years in circulation, from 1860 until 1936, the image of Britannia, and from 1937 onwards, like all British coinage, it bore the portrait of the monarch on the obverse. Before Decimal Day in 1971, there were two hundred and forty pence in one pound sterling, there were four farthings in a penny, twelve pence made a shilling, and twenty shillings made a pound. Values less than a pound were usually written in terms of shillings and pence, values of less than a shilling were simply written in terms of pence, e. g. 8d, pronounced eightpence. A price with a farthing in it would be written like this, pronounced nineteen, as of 2014, the purchasing power of a farthing in 1960 ranged between 2p and 7p. The original reverse of the coin, designed by Leonard Charles Wyon, is a seated Britannia, holding a trident, issues before 1895 also feature a lighthouse to Britannias left and a ship to her right. Various minor adjustments to the level of the sea depicted around Britannia, some issues feature toothed edges, while others feature beading. Over the years, seven different obverses were used, Edward VII, George V, George VI and Elizabeth II each had a single obverse for farthings produced during their respective reigns. Over the long reign of Queen Victoria two different obverses were used, and the reign of Edward VIII meant that no farthings bearing his likeness were ever issued. The farthing was first issued with the so-called bun head, or draped bust of Queen Victoria on the obverse, the inscription around the bust read VICTORIA D G BRITT REG F D. This was replaced in 1895 by the old head, or veiled bust, the inscription on these coins read VICTORIA DEI GRA BRITT REGINA FID DEF IND IMP. Coins issued during the reign of Edward VII feature his likeness, similarly, those issued during the reign of George V feature his likeness and bear the inscription GEORGIVS V DEI GRA BRITT OMN REX FID DEF IND IMP. The obverse shows a portrait of the king, the inscription on the obverse is EDWARDVS VIII D G BR OMN REX F D IND IMP. The pattern coin of Edward VIII and regular-issue farthings of George VI and Elizabeth II feature a redesigned reverse displaying the wren, one of Britains smallest birds. George VI issue coins feature the inscription GEORGIVS VI D G BR OMN REX F D IND IMP before 1949, and GEORGIVS VI D G BR OMN REX FIDEI DEF thereafter
21.
Halfpenny (British pre-decimal coin)
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The British pre-decimal halfpenny coin, usually simply known as a halfpenny, was a unit of currency that equalled half of a penny or 1/480th of a pound sterling. Originally the halfpenny was minted in copper, but after 1860 it was minted in bronze and it ceased to be legal tender in 1969, in the run-up to decimalisation. The halfpenny featured two different designs on its reverse during its years in circulation, from 1672 until 1936 the image of Britannia appeared on the reverse, and from 1937 onwards the image of the Golden Hind appeared. Like all British coinage, it bore the portrait of the monarch on the obverse, halfpenny was colloquially written ha’penny, and 1½d was spoken as a penny ha’penny /əˈpɛniˈheɪpni/ or three hapence /θriːˈheɪpəns/. Before Decimal Day in 1971 there were 240 pence in one pound sterling, twelve pence made a shilling, and twenty shillings made a pound. Values of less than a shilling were simply written in pence, the original reverse of the bronze version of the coin, designed by Leonard Charles Wyon, is a seated Britannia, holding a trident, with the words HALF PENNY to either side. Issues before 1895 also feature a lighthouse to Britannias left and a ship to her right, various minor adjustments to the level of the sea depicted around Britannia, and the angle of her trident were also made over the years. Some issues feature toothed edges, while others feature beading, over the years, various different obverses were used. Edward VII, George V, George VI and Elizabeth II each had a single obverse for halfpennies produced during their respective reigns. Over the long reign of Queen Victoria two different obverses were used, but the reign of Edward VIII meant no halfpennies bearing his likeness were ever issued. During Victoria’s reign, the halfpenny was first issued with the so-called ‘bun head’, the inscription around the bust read VICTORIA D G BRITT REG F D. This was replaced in 1895 by the ‘old head’, or ‘veiled bust’, the inscription on these coins read VICTORIA DEI GRA BRITT REGINA FID DEF IND IMP. Coins issued during the reign of Edward VII feature his likeness, similarly, those issued during the reign of George V feature his likeness and bear the inscription GEORGIVS V DEI GRA BRITT OMN REX FID DEF IND IMP. The obverse shows a portrait of the king, the inscription on the obverse is EDWARDVS VIII D G BR OMN REX F D IND IMP. The pattern coin of Edward VIII and regular issue halfpennies of George VI, George VI issue coins feature the inscription GEORGIVS VI D G BR OMN REX F D IND IMP before 1949, and GEORGIVS VI D G BR OMN REX FIDEI DEF thereafter. Wikt, haporth, Northern British English, from British English half-penny’s worth, British Coins – information about British coins Collection of copper & bronze pennies of Great Britain
22.
Divisor
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In mathematics, a divisor of an integer n, also called a factor of n, is an integer m that may be multiplied by some other integer to produce n. In this case one says also that n is a multiple of m, an integer n is divisible by another integer m if m is a divisor of n, this implies dividing n by m leaves no remainder. Under this definition, the statement m ∣0 holds for every m, as before, but with the additional constraint k ≠0. Under this definition, the statement m ∣0 does not hold for m ≠0, in the remainder of this article, which definition is applied is indicated where this is significant. Divisors can be negative as well as positive, although sometimes the term is restricted to positive divisors. For example, there are six divisors of 4, they are 1,2,4, −1, −2, and −4,1 and −1 divide every integer. Every integer is a divisor of itself, every integer is a divisor of 0. Integers divisible by 2 are called even, and numbers not divisible by 2 are called odd,1, −1, n and −n are known as the trivial divisors of n. A divisor of n that is not a divisor is known as a non-trivial divisor. A non-zero integer with at least one divisor is known as a composite number, while the units −1 and 1. There are divisibility rules which allow one to recognize certain divisors of a number from the numbers digits, the generalization can be said to be the concept of divisibility in any integral domain. 7 is a divisor of 42 because 7 ×6 =42 and it can also be said that 42 is divisible by 7,42 is a multiple of 7,7 divides 42, or 7 is a factor of 42. The non-trivial divisors of 6 are 2, −2,3, the positive divisors of 42 are 1,2,3,6,7,14,21,42. 5 ∣0, because 5 ×0 =0, if a ∣ b and b ∣ a, then a = b or a = − b. If a ∣ b and a ∣ c, then a ∣ holds, however, if a ∣ b and c ∣ b, then ∣ b does not always hold. If a ∣ b c, and gcd =1, then a ∣ c, if p is a prime number and p ∣ a b then p ∣ a or p ∣ b. A positive divisor of n which is different from n is called a proper divisor or a part of n. A number that does not evenly divide n but leaves a remainder is called an aliquant part of n, an integer n >1 whose only proper divisor is 1 is called a prime number
23.
Guinea (coin)
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The guinea was a coin of approximately one quarter ounce of gold that was minted in Great Britain between 1663 and 1814. From 1717 to 1816, its value was fixed at twenty-one shillings. Then, Britain adopted the standard and guinea became a colloquial or specialised term. The name came from the Guinea region in West Africa, where much of the used to make the coins originated. The name also forms the basis for the Arabic word for the Egyptian pound الجنيه el-Genēh / el-Geni, the first guinea was produced on 6 February 1663, a proclamation of 27 March 1663 made the coins legal currency. One troy pound of 11/12 fine gold would make 44½ guineas, the denomination was originally worth one pound, or twenty shillings, but an increase in the price of gold during the reign of King Charles II led to the market trading it at a premium. The price of gold continued to increase, especially in times of trouble, and by the 1680s, indeed, in his diary entries for 13 June 1667, Samuel Pepys records that the price was 24 to 25 shillings. The diameter of the coin was 1 inch throughout Charles IIs reign, Guinea was not an official name for the coin, but much of the gold used to produce the early coins came from Guinea in Africa. The coin was produced each year between 1663 and 1684, with the elephant appearing on some coins each year from 1663 to 1665 and 1668, and the elephant and castle on some coins from 1674 onward. The elephant, with or without the castle, symbolises the Royal African Company, the obverse and reverse of this coin were designed by John Roettier. The edge was milled to deter clipping or filing, and to distinguish it from the silver half-crown which had edge lettering, until 1669 the milling was perpendicular to the edge, giving vertical grooves, while from 1670 the milling was diagonal to the edge. John Roettier continued to design the dies for this denomination in the reign of King James II. In this reign, the coins weighed 8.5 g with a diameter of 25–26 mm, Coins of each year were issued both with and without the elephant and castle mark. The edge of the coins are milled diagonally, with the removal of James II in the Glorious Revolution of 1688, his daughter Mary, and her husband Prince William of Orange ruled jointly by agreement as co-monarchs. Their heads appear conjoined on the piece in Roman style, with Williams head uppermost. By the early part of this reign the value of the guinea had increased to thirty shillings. The guineas of this reign weighed 8, following the death of Queen Mary from smallpox in 1694, William continued to reign as William III. The coins of William IIIs reign weighed 8.4 g with a gold purity of 0.9123
24.
United States
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Forty-eight of the fifty states and the federal district are contiguous and located in North America between Canada and Mexico. The state of Alaska is in the northwest corner of North America, bordered by Canada to the east, the state of Hawaii is an archipelago in the mid-Pacific Ocean. The U. S. territories are scattered about the Pacific Ocean, the geography, climate and wildlife of the country are extremely diverse. At 3.8 million square miles and with over 324 million people, the United States is the worlds third- or fourth-largest country by area, third-largest by land area. It is one of the worlds most ethnically diverse and multicultural nations, paleo-Indians migrated from Asia to the North American mainland at least 15,000 years ago. European colonization began in the 16th century, the United States emerged from 13 British colonies along the East Coast. Numerous disputes between Great Britain and the following the Seven Years War led to the American Revolution. On July 4,1776, during the course of the American Revolutionary War, the war ended in 1783 with recognition of the independence of the United States by Great Britain, representing the first successful war of independence against a European power. The current constitution was adopted in 1788, after the Articles of Confederation, the first ten amendments, collectively named the Bill of Rights, were ratified in 1791 and designed to guarantee many fundamental civil liberties. During the second half of the 19th century, the American Civil War led to the end of slavery in the country. By the end of century, the United States extended into the Pacific Ocean. The Spanish–American War and World War I confirmed the status as a global military power. The end of the Cold War and the dissolution of the Soviet Union in 1991 left the United States as the sole superpower. The U. S. is a member of the United Nations, World Bank, International Monetary Fund, Organization of American States. The United States is a developed country, with the worlds largest economy by nominal GDP. It ranks highly in several measures of performance, including average wage, human development, per capita GDP. While the U. S. economy is considered post-industrial, characterized by the dominance of services and knowledge economy, the United States is a prominent political and cultural force internationally, and a leader in scientific research and technological innovations. In 1507, the German cartographer Martin Waldseemüller produced a map on which he named the lands of the Western Hemisphere America after the Italian explorer and cartographer Amerigo Vespucci
25.
Republic of Ireland
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Ireland, also known as the Republic of Ireland, is a sovereign state in north-western Europe occupying about five-sixths of the island of Ireland. The capital and largest city is Dublin, which is located on the part of the island. The state shares its land border with Northern Ireland, a part of the United Kingdom. It is otherwise surrounded by the Atlantic Ocean, with the Celtic Sea to the south, Saint Georges Channel to the south-east, and it is a unitary, parliamentary republic. The head of government is the Taoiseach, who is elected by the Dáil and appointed by the President, the state was created as the Irish Free State in 1922 as a result of the Anglo-Irish Treaty. It was officially declared a republic in 1949, following the Republic of Ireland Act 1948, Ireland became a member of the United Nations in December 1955. It joined the European Economic Community, the predecessor of the European Union, after joining the EEC, Ireland enacted a series of liberal economic policies that resulted in rapid economic growth. The country achieved considerable prosperity between the years of 1995 and 2007, which known as the Celtic Tiger period. This was halted by a financial crisis that began in 2008. However, as the Irish economy was the fastest growing in the EU in 2015, Ireland is again quickly ascending league tables comparing wealth and prosperity internationally. For example, in 2015, Ireland was ranked as the joint sixth most developed country in the world by the United Nations Human Development Index and it also performs well in several national performance metrics, including freedom of the press, economic freedom and civil liberties. Ireland is a member of the European Union and is a member of the Council of Europe. The 1922 state, comprising 26 of the 32 counties of Ireland, was styled, the Constitution of Ireland, adopted in 1937, provides that the name of the State is Éire, or, in the English language, Ireland. Section 2 of the Republic of Ireland Act 1948 states, It is hereby declared that the description of the State shall be the Republic of Ireland. The 1948 Act does not name the state as Republic of Ireland, because to have done so would have put it in conflict with the Constitution. The government of the United Kingdom used the name Eire, and, from 1949, Republic of Ireland, for the state, as well as Ireland, Éire or the Republic of Ireland, the state is also referred to as the Republic, Southern Ireland or the South. In an Irish republican context it is referred to as the Free State or the 26 Counties. From the Act of Union on 1 January 1801, until 6 December 1922, during the Great Famine, from 1845 to 1849, the islands population of over 8 million fell by 30%
26.
Decimalisation
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Decimalisation is the process of converting a currency from its previous non-decimal denominations to a decimal system. Decimal currencies have sub-units based on a factor of 10, there are most commonly 100 sub-units to the base currency unit, but currencies based on 1000 sub-units also exist, especially in Arab countries. For example,100 cents make one dollar in various countries,1,000 Tunisian millimes make one dinar. Historically, non-decimal currencies were much more common, such as the British pound sterling before decimalisation in 1971, until 1971, the pound sterling had sub-units of account of shillings and pence. Like other currencies, it also had coins with other names, there were nineteen different fractions of a pound of a whole number of pence. For example, a third, quarter, fifth and sixth of a pound were respectively 80,60,48, and 40 pence, normally written as shillings and pence, 6/8, 5/-, 4/-, there were eight additional fractions which were a whole number of farthings. Russia converted to a currency under Tsar Peter the Great in 1704, with the ruble being equal to 100 kopecks. France introduced the franc in 1795 to replace the livre tournois, france introduced decimalisation in a number of countries that it occupied during the Napoleonic period. Sweden introduced decimal currency in 1855, the currency riksdaler was divided into 100 öre. The riksdaler was renamed krona in 1873, the Austro-Hungarian Empire decimalised the Austro-Hungarian gulden in 1857, concurrent with its transition from the Conventionsthaler to the Vereinsthaler standard. Spain introduced its decimal currency unit, the peseta, in 1868, cyprus decimalised the Cypriot pound in 1955, which comprised 1,000 mils, later replaced by 100 cents. On Decimal Day,15 February 1971, the United Kingdom decimalised the pound sterling, malta decimalised the lira in 1972. The euro, which comprises 100 cents, was introduced in the eurozone, the following table shows the conversion of common denominations of coins of the £sd system. The farthing, at 1⁄4 penny, was never converted, as it ceased to be legal tender a decade prior to decimalisation, in 1971, a new penny would have been worth 9.6 farthings. For example, the Spanish dollar, a currency, was accepted as official currency in the United States alongside the U. S. dollar until 1857. Decimalisation in Canada was complicated by the different jurisdictions before Confederation in 1867, in 1841, the united Province of Canadas Governor General, Lord Sydenham, argued for establishment of a bank that would issue dollar currency. Francis Hincks, who would become the Province of Canadas Prime Minister in 1851, ultimately the provincial assembly rejected the proposal. In June 1851, the Canadian legislature passed a law requiring provincial accounts to be kept decimalised as dollars, the establishment of a central bank was not touched upon in the 1851 legislation
27.
Decimal Day
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On 15 February 1971, known as Decimal Day, the United Kingdom and Ireland decimalised their currencies. Under the old currency of pounds, shillings and pence, the pound was made up of 240 pence, the United Kingdoms Parliament rejected Sir John Wrottesleys proposals to decimalise sterling in 1824, which was prompted by the introduction in 1795 of the decimal French franc. After this defeat, little progress towards decimalisation was made for over a century. A double florin or four-shilling piece was a step in that direction. It was as a result of the growing interest in decimalisation that the florin was issued, in their preliminary report, the Royal Commission on Decimal Coinage considered the benefits and problems of decimalisation but did not draw any conclusion about the adoption of any such scheme. A final report in 1859 from the two remaining commissioners, Lord Overstone and Governor of the Bank of England John Hubbard came out against the idea, claiming it had few merits. In 1862, the Select Committee on Weights and Measures favoured the introduction of decimalisation to accompany the introduction of metric weights, the decimalisation movement even entered fiction. In Anthony Trollopes Palliser novels, Plantagenet Palliser is an advocate of decimalisation. Pallisers scheme would have divided the shilling into ten pennies and this would have changed the threepence into 2.5 new pence, the sixpence into fivepence and the half crown into a two shilling, five pence piece. It would also have required the withdrawal and reissuance of the copper coinage. The Royal Commission on Decimal Coinage, chaired by Lord Emmott, reported in 1920 that the only feasible scheme was to divide the pound into 1000 mills, a minority of four members disagreed, saying that the disruption would be worthwhile. A further three members recommended that the pound should be replaced by the Royal, consisting of 100 halfpennies, the adoption of the changes suggested in the report was announced on 1 March 1966. The Decimal Currency Board was created to manage the transition, although the plans were not approved by Parliament until the Decimal Currency Act in May 1969, former Greater London Council leader Bill Fiske was named as the Chairman of the Decimal Currency Board. Consideration was given to introducing a new unit of currency worth ten shillings in the old currency, suggested names included the new pound, the royal. This would have resulted in the decimal penny being worth slightly more than the old penny. But Halsbury decided, in view of the pound sterlings importance as a reserve currency, under the new system, the pound was retained but was divided into 100 new pence, denoted by the symbol p. New coinage was issued alongside the old coins, the 5p and 10p coins were introduced in April 1968 and were the same size, composition, and value as the shilling and two shillings coins in circulation with them. In October 1969 the 50p coin was introduced, with the 10s note withdrawn on 20 November 1970 and this reduced the number of new coins that had to be introduced on Decimal Day and meant that the public was already familiar with three of the six new coins
28.
Penny (British decimal coin)
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The British decimal one penny coin, usually simply known as a penny, is a unit of currency equaling one one-hundredth of a pound sterling. Its obverse has featured the profile of Queen Elizabeth II since the introduction in 1971. Four different portraits of the Queen have been used on the coin, the second and current reverse, featuring a segment of the Royal Shield, was introduced in 2008. The correct plural form for multiple 1p coins is pennies, the correct term for monetary amounts of pennies greater than 1p is pence. The penny was minted from bronze, but since 1992 it has been minted in copper-plated steel due to the increasing price of metal. Soaring copper prices in the mid-2000s caused the value of the copper in the coins to exceed the coins face value. For example, in May 2006, the metal value of a pre-1992 1p coin was about 1.5 pence. During 2008, the value of copper fell dramatically from these peaks, as of 31 March 2014 there were an estimated 11,278 million 1p coins in circulation, with an estimated total face value of £112.787 million. The penny is the lowest value coin in circulation in the United Kingdom, to date, four different obverses have been used. In all cases, the inscription is ELIZABETH II D. G. REG. F. D,2013, where 2013 is replaced by the year of minting. In the original design both sides of the coin are encircled by dots, a feature on coins, known as beading. As with all new decimal currency, until 1984 the portrait of Queen Elizabeth II by Arnold Machin appeared on the obverse, in which the Queen wears the Girls of Great Britain, the words NEW PENNY were inscribed above the portcullis up until 1981. From 1982 the inscription changed to ONE PENNY, between 1985 and 1997 the portrait by Raphael Maklouf was used, in which the Queen wears the George IV State Diadem. In 1992 the metal used in minting this coin was switched from bronze to copper-plated steel, between 1998 and 2015 the portrait by Ian Rank-Broadley has been used, again featuring the tiara, with a signature-mark IRB below the portrait. As of June 2015, coins bearing the portrait by Jody Clark have been seen in circulation, in August 2005 the Royal Mint launched a competition to find new reverse designs for all circulating coins apart from the £2 coin. The winner, announced in April 2008, was Matthew Dent, the designs for the 1p, 2p, 5p, 10p, 20p and 50p coins depict sections of the Royal Shield that form the whole shield when placed together. The entire shield is featured on the £1 coin, the 1p coin depicts the left section between the first and third quarter of the shield, representing England and Northern Ireland. The coins obverse remains largely unchanged, but the beading, which no longer features on the reverse, has also been removed from the obverse
29.
New Zealand
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New Zealand /njuːˈziːlənd/ is an island nation in the southwestern Pacific Ocean. The country geographically comprises two main landmasses—the North Island, or Te Ika-a-Māui, and the South Island, or Te Waipounamu—and around 600 smaller islands. New Zealand is situated some 1,500 kilometres east of Australia across the Tasman Sea and roughly 1,000 kilometres south of the Pacific island areas of New Caledonia, Fiji, because of its remoteness, it was one of the last lands to be settled by humans. During its long period of isolation, New Zealand developed a distinct biodiversity of animal, fungal, the countrys varied topography and its sharp mountain peaks, such as the Southern Alps, owe much to the tectonic uplift of land and volcanic eruptions. New Zealands capital city is Wellington, while its most populous city is Auckland, sometime between 1250 and 1300 CE, Polynesians settled in the islands that later were named New Zealand and developed a distinctive Māori culture. In 1642, Dutch explorer Abel Tasman became the first European to sight New Zealand, in 1840, representatives of Britain and Māori chiefs signed the Treaty of Waitangi, which declared British sovereignty over the islands. In 1841, New Zealand became a colony within the British Empire, today, the majority of New Zealands population of 4.7 million is of European descent, the indigenous Māori are the largest minority, followed by Asians and Pacific Islanders. Reflecting this, New Zealands culture is derived from Māori and early British settlers. The official languages are English, Māori and New Zealand Sign Language, New Zealand is a developed country and ranks highly in international comparisons of national performance, such as health, education, economic freedom and quality of life. Since the 1980s, New Zealand has transformed from an agrarian, Queen Elizabeth II is the countrys head of state and is represented by a governor-general. In addition, New Zealand is organised into 11 regional councils and 67 territorial authorities for local government purposes, the Realm of New Zealand also includes Tokelau, the Cook Islands and Niue, and the Ross Dependency, which is New Zealands territorial claim in Antarctica. New Zealand is a member of the United Nations, Commonwealth of Nations, ANZUS, Organisation for Economic Co-operation and Development, Pacific Islands Forum, and Asia-Pacific Economic Cooperation. Dutch explorer Abel Tasman sighted New Zealand in 1642 and called it Staten Landt, in 1645, Dutch cartographers renamed the land Nova Zeelandia after the Dutch province of Zeeland. British explorer James Cook subsequently anglicised the name to New Zealand, Aotearoa is the current Māori name for New Zealand. It is unknown whether Māori had a name for the country before the arrival of Europeans. Māori had several names for the two main islands, including Te Ika-a-Māui for the North Island and Te Waipounamu or Te Waka o Aoraki for the South Island. Early European maps labelled the islands North, Middle and South, in 1830, maps began to use North and South to distinguish the two largest islands and by 1907, this was the accepted norm. The New Zealand Geographic Board discovered in 2009 that the names of the North Island and South Island had never been formalised and this set the names as North Island or Te Ika-a-Māui, and South Island or Te Waipounamu
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Rhodesia
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Rhodesia, commonly known from 1970 onwards as the Republic of Rhodesia, was an unrecognised state in southern Africa from 1965 to 1979, equivalent in territorial terms to modern Zimbabwe. With its capital in Salisbury, Rhodesia was considered a de facto successor state to the former British colony of Southern Rhodesia, the UDI administration initially sought recognition as an autonomous realm within the Commonwealth of Nations, but reconstituted itself as a republic in 1970. Following a brutal guerrilla war fought with two African nationalist organisations, Rhodesian premier Ian Smith conceded to bi-racial democracy in 1978, however, a provisional government subsequently headed by Smith and his moderate colleague Abel Muzorewa failed in appeasing international critics or halting the bloodshed. It finally achieved internationally recognised independence in April 1980, the nation was renamed the Republic of Zimbabwe. A wholly landlocked area, Rhodesia was bordered by South Africa to the south, Bechuanaland to the southwest, Zambia to the northwest, the state was named after Cecil Rhodes, whose British South Africa Company acquired the land in the late 19th century. The official name of the country, according to the constitution adopted concurrently with the Unilateral Declaration of Independence in 1965, was Rhodesia and this naming dispute dated back to October 1964, when Northern Rhodesia became independent from Britain and concurrently changed its name to Zambia. The Southern Rhodesian colonial government in Salisbury felt that in the absence of a Northern Rhodesia, Salisbury went on using the shortened name in an official manner nevertheless, while the British government continued referring to the country as Southern Rhodesia. This situation continued throughout the UDI period, the shortened name was used by many people including the British government in the House of Commons. Southern Rhodesia subsequently gained international recognition of its independence in April 1980, in 1922, faced with the decision to join the Union of South Africa as a fifth province or accept nearly full internal autonomy, the electorate cast its vote against South African integration. In view of the outcome of the referendum, the territory was annexed by the United Kingdom on 12 September 1923, shortly after annexation, on 1 October 1923, the first constitution for the new Colony of Southern Rhodesia came into force. By colonial standards, public services were well-organised and praised for their efficiency, as it began to appear that decolonisation was inevitable and indigenous black populations were pressing heavily for change, the federation was dissolved in 1963. Rhodesian colonials initially balked at the suggestion, some felt they had a right to political control, at least for the time being. The authorities were also disturbed by the chaos which was plaguing other African nations at the time. Harold Wilson and his incoming Labour government took a harder line on demanding that these points be legitimately addressed before an independence agenda could be set. By 1964, growing dissatisfaction with the ongoing negotiations ousted Salisburys incumbent Winston Field, replacing him with Ian Smith, Smith, the colonys first Rhodesian-born leader, soon came to personify resistance to liberals in British government and those agitating for change at home. Emboldened by the results of referendum and the subsequent general election. Harold Wilson countered by warning that such a procedure would be considered treasonous, although he specifically rejected using armed force against the English kith. Wilsons refusal to consider a military option encouraged Smith to proceed with his plans, on 11 November 1965, following a brief but solemn consensus, Rhodesias leading statesmen issued their countrys unilateral declaration of independence
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South Africa
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South Africa, officially the Republic of South Africa, is the southernmost country in Africa. South Africa is the 25th-largest country in the world by land area and it is the southernmost country on the mainland of the Old World or the Eastern Hemisphere. About 80 percent of South Africans are of Sub-Saharan African ancestry, divided among a variety of ethnic groups speaking different Bantu languages, the remaining population consists of Africas largest communities of European, Asian, and multiracial ancestry. South Africa is a multiethnic society encompassing a variety of cultures, languages. Its pluralistic makeup is reflected in the recognition of 11 official languages. The country is one of the few in Africa never to have had a coup détat, however, the vast majority of black South Africans were not enfranchised until 1994. During the 20th century, the black majority sought to recover its rights from the dominant white minority, with this struggle playing a role in the countrys recent history. The National Party imposed apartheid in 1948, institutionalising previous racial segregation, since 1994, all ethnic and linguistic groups have held political representation in the countrys democracy, which comprises a parliamentary republic and nine provinces. South Africa is often referred to as the Rainbow Nation to describe the multicultural diversity. The World Bank classifies South Africa as an economy. Its economy is the second-largest in Africa, and the 34th-largest in the world, in terms of purchasing power parity, South Africa has the seventh-highest per capita income in Africa. However, poverty and inequality remain widespread, with about a quarter of the population unemployed, nevertheless, South Africa has been identified as a middle power in international affairs, and maintains significant regional influence. The name South Africa is derived from the geographic location at the southern tip of Africa. Upon formation the country was named the Union of South Africa in English, since 1961 the long form name in English has been the Republic of South Africa. In Dutch the country was named Republiek van Zuid-Afrika, replaced in 1983 by the Afrikaans Republiek van Suid-Afrika, since 1994 the Republic has had an official name in each of its 11 official languages. Mzansi, derived from the Xhosa noun umzantsi meaning south, is a name for South Africa. South Africa contains some of the oldest archaeological and human fossil sites in the world, extensive fossil remains have been recovered from a series of caves in Gauteng Province. The area is a UNESCO World Heritage site and has termed the Cradle of Humankind
32.
Shilling (British coin)
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The shilling was a coin worth one twentieth of a pound sterling, or twelve pence. It was first minted in the reign of Henry VII as the testoon, the word bob was sometimes used for a monetary value of several shillings, e. g. ten bob note. Following decimalisation in 1970 the coin had a value of five new pence and it was made from silver from its introduction in or around 1503 until 1947, and thereafter in cupronickel. Prior to Decimal Day in 1971 there were 240 pence in one pound sterling, twelve pence made a shilling, and twenty shillings made a pound. Values less than a pound were usually written in terms of shillings and pence, values of less than a shilling were simply written in terms of pence, e. g. eight pence would be 8d. Although the coin was not minted until the sixteenth century, the value of a shilling had been used for accounting purposes since the Anglo-Saxon period, originally, a shilling was deemed to be the value of a cow in Kent, or a sheep elsewhere. The value of one shilling equalling 12d was set by the Normans following the conquest, prior to this various Anglo-Saxon coins equalling 3,4, the first coins of the pound sterling with the value of 12d were minted in 1503 or 1504 and were known as testoons. Between 1544 and 1551 the coinage was debased repeatedly by the governments of Henry VIII and this debasement meant that coins produced in 1551 had one-fifth of the silver content of those minted in 1544, and consequently the value of new testoons fell from 12d to 6d. The reason the testoon decreased in value is that unlike today and this debasement was recognised as a mistake, and during Elizabeths reign newly minted coins, including the testoon, had a much higher silver content and regained their pre-debasement value. Shillings were minted during the reign of every British monarch following Edward VI, the Royal Mint undertook a massive recoinage programme in 1816, with large quantities of gold and silver coin being minted. Previous issues of silver coinage had been irregular, and the last issue, minted in 1787, new silver coinage was to be of.925 standard, with silver coins to be minted at 66 shillings to the troy pound. Hence, newly minted shillings weighed 87.273 grains or 5.655 grams, the Royal Mint debased the silver coinage in 1920 from 92. 5% silver to 50% silver. Shillings of both alloys were minted that year and this debasement was done because of the rising price of silver around the world, and followed the global trend of the elimination, or the reducing in purity, of the silver in coinage. The minting of coinage of the pound sterling ceased completely in 1946 for similar reasons. New silver coinage was minted in cupronickel, an alloy of copper. Beginning with Lord Wrottesleys proposals in the 1820s there were attempts to decimalise the pound sterling over the next century. These attempts came to nothing significant until the 1960s when the need for a currency more suited to simple monetary calculations became pressing, the decision to decimalise was announced in 1966, with the pound to be redivided into 100, rather than 240, pence. Decimal Day was set for 15 February 1971, and a range of new coins were introduced
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Five pence (British coin)
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The British decimal five pence coin – often pronounced five pee – is a unit of currency equaling five one-hundredths of a pound sterling. Its obverse has featured the profile of Queen Elizabeth II since the introduction in 1968. Four different portraits of the Queen have been used, with the latest design by Jody Clark being introduced in 2015, the second and current reverse, featuring a segment of the Royal Shield, was introduced in 2008. Five pence and ten pence coins are legal tender only up to the sum of £5, the five pence coin was originally minted from cupronickel, but since 2011 it has been minted in nickel-plated steel due to the increasing price of metal. From January 2013, the Royal Mint began a programme to remove the previous cupro-nickel coins from circulation with replacement by the nickel-plated steel versions. As of March 2014, an estimated 3,847 million 5p coins were in circulation with a face value of £192.370 million. To date, three different obverses have been used, in all cases, the inscription is ELIZABETH II D. G. REG. F. D. 2013, where 2013 is replaced by the year of minting, in the original design, both sides of the coin are encircled by dots, a common feature on coins, known as beading. As with all new decimal currency, until 1984 the portrait of Queen Elizabeth II by Arnold Machin appeared on the obverse, in which the Queen wears the Girls of Great Britain and Ireland Tiara. Between 1985 and 1997, the portrait by Raphael Maklouf was used, in 1990, the 5p coin was reduced in size and the older coins were removed from circulation. From 1998 to 2015, the portrait by Ian Rank-Broadley was used, again featuring the tiara, as of June 2015, coins bearing the portrait by Jody Clark have been seen in circulation. In August 2005 the Royal Mint launched a competition to find new designs for all circulating coins apart from the £2 coin. The winner, announced in April 2008, was Matthew Dent, the designs for the 1p, 2p, 5p, 10p, 20p and 50p coins depict sections of the Royal Shield that form the whole shield when placed together. The shield in its entirety is featured on the £1 coin, the 5p coin depicts the centre of the Royal shield, showing the meeting point of the four quarters. The coins obverse remains largely unchanged, but the beading, which no longer features on the reverse, has also been removed from the obverse. Royal Mint – 5p coin Coins of the UK – Decimal 5p coins
34.
Canadian dollar
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The Canadian dollar is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes Can$ or C$ to distinguish it from other dollar-denominated currencies and it is divided into 100 cents. Canadas dollar is the fifth most held reserve currency in the world, accounting for approximately 2% of all global reserves, behind only the U. S. dollar, the euro, the yen and the pound sterling. In 1841, the Province of Canada adopted a new system based on the Halifax rating, the new Canadian pound was equal to four US dollars, making one pound sterling equal to 1 pound,4 shillings, and 4 pence Canadian. Thus, the new Canadian pound was worth 16 shillings and 5.3 pence sterling, the 1850s was a decade of wrangling over whether to adopt a sterling monetary system or a decimal monetary system based on the US dollar. In 1851, the Legislative Council and the Legislative Assembly passed an act for the purposes of introducing a sterling unit in conjunction with decimal fractional coinage. The idea was that the coins would correspond to exact amounts in relation to the U. S. dollar fractional coinage. This gold standard was introduced with the gold sovereign being legal tender at £1 = US$ 4.86 2⁄3, no coinage was provided for under the 1853 act. Sterling coinage was legal tender and all other silver coins were demonetized. The British government in principle allowed for a decimal coinage but nevertheless held out the hope that a unit would be chosen under the name of royal. However, in 1857, the decision was made to introduce a decimal coinage into the Province of Canada in conjunction with the U. S. dollar unit, in 1859, Canadian colonial postage stamps were issued with decimal denominations for the first time. In 1860, the colonies of New Brunswick and Nova Scotia followed the colony of Canada in adopting a system based on the U. S. dollar unit. In the following year, Canadian colonial postage stamps were issued with the shown in dollars. The U. S. dollar was created in 1792 on the basis of the weight of a selection of worn Spanish dollars. As such, the Spanish dollar was slightly more than the U. S. dollar, and likewise. In 1867, the colonies of Canada, New Brunswick, and Nova Scotia were united in a called the Dominion of Canada. In 1871, Prince Edward Island went decimal within the U. S. dollar unit, however, the currency of Prince Edward Island was absorbed into the Canadian system shortly afterwards, when Prince Edward island joined the Dominion of Canada in 1873. The Canadian Parliament passed the Uniform Currency Act in April 1871, tying up loose ends as to the currencies of the various provinces, the gold standard was temporarily abandoned during the First World War and definitively abolished on April 10,1933
35.
Indian rupee
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The Indian rupee, is the official currency of the Republic of India. The rupee is subdivided into 100 paise, though as of 2011,25 paise is no more a legal tender, the issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in management on the basis of the Reserve Bank of India Act,1934. The rupee is named after the coin, rupiya, first issued by Sultan Sher Shah Suri in the 16th century. In 2010, a new symbol ₹, was officially adopted and it was derived from the combination of the Devanagari consonant र and the Latin capital letter R without its vertical bar. The parallel lines at the top are said to make an allusion to the tricolour Indian flag, the first series of coins with the new rupee symbol started in circulation on 8 July 2011. On 8 November 2016 the Government of India announced the demonetisation of ₹500 and ₹1000 banknotes with effect from midnight of the same day, a newly redesigned series of ₹500 banknote, in addition to a new denomination of ₹2000 banknote is in circulation since 10 November 2016. The new redesigned series is expected to be enlarged with banknotes in the denominations of ₹1000, ₹100. The word rupee was derived from the Sanskrit word रूप्यकम् or rupaya, the modern Indian rupee has a direct lineage from the rupiya, the silver coin, issued by Sher Shah Suri, continued by the Mughal rulers. Rūpa means to form or shape, example, Rūpyarūpa, rūpya — wrought silver, however, in the region of Bengal, the term taka has always been used to refer to currency. In the 14th century, Ibn Battuta noticed that people in the Bengal Sultanate referred to gold, today, the currency of Bangladesh is officially known as taka. The word taka in Bengali is also used generically to mean any money, currency. Thus, colloquially, a person speaking in Bengali may use taka to refer to money regardless of what currency it is denominated in, thus, in the states of West Bengal and Tripura the Indian rupee is officially known টাকা. Whereas, in the states of Assam and Odisha, the Indian rupee is known by names derived from the Sanskrit word ṭaṅka, টকা in Assamese. During his five-year rule from 1540 to 1545, Sultan Sher Shah Suri issued a coin of silver, weighing 178 grains, the silver coin remained in use during the Mughal period, Maratha era as well as in British India. Among the earliest issues of paper rupees include, the Bank of Hindustan, the General Bank of Bengal and Bihar, historically, the rupee was a silver coin. This had severe consequences in the century when the strongest economies in the world were on the gold standard. The discovery of large quantities of silver in the United States and several European colonies resulted in a decline in the value of relative to gold
36.
Roman currency
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Roman currency for most of Roman history consisted of gold, silver, bronze, orichalcum and copper coinage. From its introduction to the Republic, during the third century BC, well into Imperial times, Roman currency saw many changes in form, denomination, a persistent feature was the inflationary debasement and replacement of coins over the centuries. Notable examples of this followed the reforms of Diocletian and this trend continued into Byzantine times. The manufacture of coins in the Roman culture, dating from about the 4th century BC, the origin of the word mint is ascribed to the manufacture of silver coin at Rome in 269 BC at the temple of Juno Moneta. This goddess became the personification of money, and her name was applied both to money and to its place of manufacture, Roman mints were spread widely across the Empire, and were sometimes used for propaganda purposes. The populace often learned of a new Roman Emperor when coins appeared with the new Emperors portrait. The Romans cast their larger copper coins in clay moulds carrying distinctive markings, not because they knew nothing of striking, Roman adoption of metallic commodity money was a late development in monetary history. Bullion bars and ingots were used as money in Mesopotamia since the 7th millennium BC, coinage proper was only introduced by the Roman Republican government c.300 BC. For these reasons, the Romans would have known about coinage systems long before their government actually introduced them. The reason behind Romes adoption of coinage was likely cultural, the Romans had no pressing economic need, but they wanted to emulate Greek culture, and they considered the institution of minted money a significant feature of that culture. However, Roman coinage initially saw limited use. The type of money introduced by Rome was unlike that found elsewhere in the ancient Mediterranean and it combined a number of uncommon elements. One example is the large bronze bullion, the aes signatum and it measured about 160 by 90 millimetres and weighed around 1,500 to 1,600 grams, being made out of a highly leaded tin bronze. Although similar metal bars had been produced in Italy and northern Etruscan areas, these had been made of Aes grave. Along with the aes signatum, the Roman state also issued a series of bronze, produced using the manner of manufacture then utilised in Greek Naples, the designs of these early coins were also heavily influenced by Hellenic designs. The designs on the coinage of the Republican period displayed a solid conservatism, usually illustrating mythical scenes or personifications of various gods, in 27 BC, the Roman Republic came to an end as Augustus ascended to the throne as the first emperor. Taking autocratic power, it became recognized that there was a link between the emperors sovereignty and the production of coinage. The imagery on coins took an important step when Julius Caesar issued coins bearing his own portrait, while moneyers had earlier issued coins with portraits of ancestors, Caesars was the first Roman coinage to feature the portrait of a living individual
37.
Livre tournois
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The livre tournois was, one of numerous currencies used in France in the Middle Ages, and a unit of account used in France in the Middle Ages and the early modern period. The denier tournois coin was minted by the abbey of Saint Martin in the Touraine region of France. The livre tournois was, in common with the original livre of Charlemagne, divided into 20 sols, between 1360 and 1641, coins worth one livre tournois were minted, known as francs. Other francs were minted under Charles V of France, Henri III of France, the use of the name franc became a synonym for livre tournois in accounting. The first French paper money, issued between 1701 and 1720, was denominated in livres tournois and this was the last time the name was used officially, as later notes and coins were denominated simply in livres, the livre parisis having finally been abolished in 1667. With many forms of domestic and international money circulating throughout Europe in the late Middle Ages and the modern period. In the world of banking of the 13th century, it was the florin. For example, the Louisiana Purchase treaty of 1803 specified the relative ratios of the franc, dollar and livre tournois. The official use of the livre tournois accounting unit in all contracts in France was legislated in 1549, since coins in Europe in the Middle Ages and the Early modern period did not have any indication of their value, their official value was determined by royal edicts. In cases of financial need, French kings could use the value for currency devaluation. By reversing these techniques, currencies could be reinforced, royal finance officers faced many difficulties. For more on issues, see Monetary policy and Greshams Law. French livre Livre parisis French franc Louis Luxembourgish livre Écu Roman currency
38.
France
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France, officially the French Republic, is a country with territory in western Europe and several overseas regions and territories. The European, or metropolitan, area of France extends from the Mediterranean Sea to the English Channel and the North Sea, Overseas France include French Guiana on the South American continent and several island territories in the Atlantic, Pacific and Indian oceans. France spans 643,801 square kilometres and had a population of almost 67 million people as of January 2017. It is a unitary republic with the capital in Paris. Other major urban centres include Marseille, Lyon, Lille, Nice, Toulouse, during the Iron Age, what is now metropolitan France was inhabited by the Gauls, a Celtic people. The area was annexed in 51 BC by Rome, which held Gaul until 486, France emerged as a major European power in the Late Middle Ages, with its victory in the Hundred Years War strengthening state-building and political centralisation. During the Renaissance, French culture flourished and a colonial empire was established. The 16th century was dominated by civil wars between Catholics and Protestants. France became Europes dominant cultural, political, and military power under Louis XIV, in the 19th century Napoleon took power and established the First French Empire, whose subsequent Napoleonic Wars shaped the course of continental Europe. Following the collapse of the Empire, France endured a succession of governments culminating with the establishment of the French Third Republic in 1870. Following liberation in 1944, a Fourth Republic was established and later dissolved in the course of the Algerian War, the Fifth Republic, led by Charles de Gaulle, was formed in 1958 and remains to this day. Algeria and nearly all the colonies became independent in the 1960s with minimal controversy and typically retained close economic. France has long been a centre of art, science. It hosts Europes fourth-largest number of cultural UNESCO World Heritage Sites and receives around 83 million foreign tourists annually, France is a developed country with the worlds sixth-largest economy by nominal GDP and ninth-largest by purchasing power parity. In terms of household wealth, it ranks fourth in the world. France performs well in international rankings of education, health care, life expectancy, France remains a great power in the world, being one of the five permanent members of the United Nations Security Council with the power to veto and an official nuclear-weapon state. It is a member state of the European Union and the Eurozone. It is also a member of the Group of 7, North Atlantic Treaty Organization, Organisation for Economic Co-operation and Development, the World Trade Organization, originally applied to the whole Frankish Empire, the name France comes from the Latin Francia, or country of the Franks
39.
Spain
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By population, Spain is the sixth largest in Europe and the fifth in the European Union. Spains capital and largest city is Madrid, other urban areas include Barcelona, Valencia, Seville, Bilbao. Modern humans first arrived in the Iberian Peninsula around 35,000 years ago, in the Middle Ages, the area was conquered by Germanic tribes and later by the Moors. Spain is a democracy organised in the form of a government under a constitutional monarchy. It is a power and a major developed country with the worlds fourteenth largest economy by nominal GDP. Jesús Luis Cunchillos argues that the root of the span is the Phoenician word spy. Therefore, i-spn-ya would mean the land where metals are forged, two 15th-century Spanish Jewish scholars, Don Isaac Abravanel and Solomon ibn Verga, gave an explanation now considered folkloric. Both men wrote in two different published works that the first Jews to reach Spain were brought by ship by Phiros who was confederate with the king of Babylon when he laid siege to Jerusalem. This man was a Grecian by birth, but who had given a kingdom in Spain. He became related by marriage to Espan, the nephew of king Heracles, Heracles later renounced his throne in preference for his native Greece, leaving his kingdom to his nephew, Espan, from whom the country of España took its name. Based upon their testimonies, this eponym would have already been in use in Spain by c.350 BCE, Iberia enters written records as a land populated largely by the Iberians, Basques and Celts. Early on its coastal areas were settled by Phoenicians who founded Western Europe´s most ancient cities Cadiz, Phoenician influence expanded as much of the Peninsula was eventually incorporated into the Carthaginian Empire, becoming a major theater of the Punic Wars against the expanding Roman Empire. After an arduous conquest, the peninsula came fully under Roman Rule, during the early Middle Ages it came under Germanic rule but later, much of it was conquered by Moorish invaders from North Africa. In a process took centuries, the small Christian kingdoms in the north gradually regained control of the peninsula. The last Moorish kingdom fell in the same year Columbus reached the Americas, a global empire began which saw Spain become the strongest kingdom in Europe, the leading world power for a century and a half, and the largest overseas empire for three centuries. Continued wars and other problems led to a diminished status. The Napoleonic invasions of Spain led to chaos, triggering independence movements that tore apart most of the empire, eventually democracy was peacefully restored in the form of a parliamentary constitutional monarchy. Spain joined the European Union, experiencing a renaissance and steady economic growth
40.
Spanish real
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The real was a unit of currency in Spain for several centuries after the mid-14th century, but changed in value relative to other units introduced. In 1864, the real was replaced by a new escudo, then by the peseta in 1868, the first real was introduced by King Pedro I of Castile in the mid 14th century at a value of 3 maravedíes. This rate of exchange increased until 1497, when the real, the famous piece of eight, also known as the Spanish dollar, was issued that same year as a trade coin. It later became widespread in North America and Asia, in 1566, the gold escudo was introduced, worth 16 silver reales. The piece of eight was so-called because the denomination was divided into eight silver reales. In addition to the piece of eight, which was a silver coin, other coins based on it were issued,4 reales,2 reales,1 real. During this period, Spanish trade coinage became popular in trade and commerce. In 1642, two distinct reales were created, the real de plata and the real de vellón, the exchange rate between these two coins was set at 2 reales de vellón =1 real de plata. The maravedí was tied to the real de vellón, causing the real de plata to be worth 68 maravedíes, the gold escudo was worth 16 reales de plata. The real de vellón was issued for use in Spain. The real de plata fuerte was introduced in 1737 at a value of 2 1⁄2 reales de vellón or 85 maravedíes and this real was the standard, issued as coins until the early 19th century. The gold escudo was worth 16 reales de plata fuerte, in 1808, coins were introduced denominated in real de vellón. These coins circulated alongside real de plata fuerte and escudo coins until decimalization, Coins denominated in reales de plata were minted until 1837, whilst maravedí coins were issued until 1850. The real de vellón, now just called the real, was adopted as the unit in Spains first decimal currency. To begin with, subsidiary pieces were issued denominated in decima de real, later they were denominated in céntimo de real. The real replaced the Catalan peseta in 1850, at a rate of 1 peseta =4 reales, in 1864, the real was replaced by a new escudo worth 10 reales. This second escudo was replaced in 1868 by the peseta at a rate of 1 peseta =0.4 escudos =4 reales. Consequently, the real lived on, meaning a quarter of a peseta
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Spanish peseta
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The peseta was the currency of Spain between 1869 and 2002. Along with the French franc, it was also a de facto currency used in Andorra, the name of the currency comes from pesseta, the diminutive form of the word peça, which is a Catalan word that means piece or fraction. The first non-official coins which contained the word peseta were made in 1808 in Barcelona, traditionally, there was never a single symbol or special character for the Spanish peseta. Common abbreviations were Pt, Pta, Pts and Ptas, sometimes using superior letters, common earlier Spanish models of mechanical typewriters had the expression Pts on a single type head, as a shorthand intended to fill a single type space in tables instead of three. Later, Spanish models of IBM electric typewriters also included the type in its repertoire. This original character set chart later became the MS-DOS code page 437, some spreadsheet software for PC under MS-DOS, as Lotus 1-2-3, employed this character as the peseta symbol in their Spanish editions. Subsequent international MS-DOS code pages, like code page 850 and others, in order to guarantee the interchange with previous encodings such as code page 437, the international standard Unicode includes this character as U+20A7 PESETA SIGN in its Currency Symbols block. Other than that, the use of the peseta symbol standalone is extremely rare, in the version 1.0 of Unicode the character ₧ U+20A7 PESETA SIGN had two reference glyphs, a Pts ligature glyph as in IBM code page 437 and an erroneous P with stroke. The peseta was subdivided into 100 céntimos or, informally,4 reales, the last coin of any value under one peseta was a 50-céntimo coin issued in 1980 to celebrate Spains hosting of the 1982 FIFA World Cup. The last 25-céntimo coin was dated 1959, the ten céntimos also dated 1959, the 1-céntimo coin was last minted in 1913 and featured King Alfonso XIII. The 1⁄2-céntimo coin was last minted in 1868 and featured Queen Isabel II, the peseta was introduced in 1869 after Spain joined the Latin Monetary Union in 1868. The Spanish Law of June 26,1864 decreed that in preparation for joining the Latin Monetary Union, the peseta replaced the escudo at a rate of 5 pesetas =1 peso duro =2 escudos. The peseta was equal to 4.5 grams of silver, or 0.290322 grams of gold, from 1873, only the gold standard applied. The political turbulence of the twentieth century caused the monetary union to break up. In 1959, Spain became part of the Bretton Woods System, in 1967, the peseta followed the devaluation of the British pound, maintaining the exchange rate of 168 pesetas =1 pound and establishing a new rate of 70 pesetas =1 U. S. dollar. The peseta was replaced by the euro in 2002, following the establishment of the euro in 1999, the exchange rate was 1 euro =166.386 pesetas. At least 1252–1284 there was a 1 obolo brass coin – plated with silver – stamped, colnect shows even a first 1 Maravedí-coin made of copper having been edited since 1454. The bigger silver coin 1 Real came out 1786, the latter two currency units were used until the Peseta came in 1869
42.
Western Roman Empire
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Theodosius I divided the Empire upon his death between his two sons. As the Roman Republic expanded, it reached a point where the government in Rome could not effectively rule the distant provinces. Communications and transportation were especially problematic given the vast extent of the Empire, for this reason, provincial governors had de facto rule in the name of the Roman Republic. Antony received the provinces in the East, Achaea, Macedonia and Epirus, Bithynia, Pontus and Asia, Syria, Cyprus and these lands had previously been conquered by Alexander the Great, thus, much of the aristocracy was of Greek origin. The whole region, especially the cities, had been largely assimilated into Greek culture. Octavian obtained the Roman provinces of the West, Italia, Gaul, Gallia Belgica and these lands also included Greek and Carthaginian colonies in the coastal areas, though Celtic tribes such as Gauls and Celtiberians were culturally dominant. Lepidus received the province of Africa. Octavian soon took Africa from Lepidus, while adding Sicilia to his holdings, upon the defeat of Mark Antony, a victorious Octavian controlled a united Roman Empire. While the Roman Empire featured many distinct cultures, all were often said to experience gradual Romanization, minor rebellions and uprisings were fairly common events throughout the Empire. Conquered tribes or cities would revolt, and the legions would be detached to crush the rebellion, while this process was simple in peacetime, it could be considerably more complicated in wartime, as for example in the Great Jewish Revolt. In a full-blown military campaign, the legions, under such as Vespasian, were far more numerous. To ensure a commanders loyalty, an emperor might hold some members of the generals family hostage. To this end, Nero effectively held Domitian and Quintus Petillius Cerialis, governor of Ostia, the rule of Nero ended only with the revolt of the Praetorian Guard, who had been bribed in the name of Galba. The Praetorian Guard, a sword of Damocles, were often perceived as being of dubious loyalty. Following their example, the legions at the increased participation in the civil wars. The main enemy in the West was arguably the Germanic tribes behind the rivers Rhine, Augustus had tried to conquer them but ultimately pulled back after the Teutoburg reversal. The Parthian Empire, in the East, on the hand, was too remote. Those distant territories were forsaken to prevent unrest and also to ensure a more healthy, the Parthians were followed by the Sasanian Empire, which continued hostilities with the Roman Empire
43.
Byzantine Empire
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It survived the fragmentation and fall of the Western Roman Empire in the 5th century AD and continued to exist for an additional thousand years until it fell to the Ottoman Turks in 1453. During most of its existence, the empire was the most powerful economic, cultural, several signal events from the 4th to 6th centuries mark the period of transition during which the Roman Empires Greek East and Latin West divided. Constantine I reorganised the empire, made Constantinople the new capital, under Theodosius I, Christianity became the Empires official state religion and other religious practices were proscribed. Finally, under the reign of Heraclius, the Empires military, the borders of the Empire evolved significantly over its existence, as it went through several cycles of decline and recovery. During the reign of Maurice, the Empires eastern frontier was expanded, in a matter of years the Empire lost its richest provinces, Egypt and Syria, to the Arabs. This battle opened the way for the Turks to settle in Anatolia, the Empire recovered again during the Komnenian restoration, such that by the 12th century Constantinople was the largest and wealthiest European city. Despite the eventual recovery of Constantinople in 1261, the Byzantine Empire remained only one of several small states in the area for the final two centuries of its existence. Its remaining territories were annexed by the Ottomans over the 15th century. The Fall of Constantinople to the Ottoman Empire in 1453 finally ended the Byzantine Empire, the term comes from Byzantium, the name of the city of Constantinople before it became Constantines capital. This older name of the city would rarely be used from this point onward except in historical or poetic contexts. The publication in 1648 of the Byzantine du Louvre, and in 1680 of Du Canges Historia Byzantina further popularised the use of Byzantine among French authors, however, it was not until the mid-19th century that the term came into general use in the Western world. The Byzantine Empire was known to its inhabitants as the Roman Empire, the Empire of the Romans, Romania, the Roman Republic, Graikia, and also as Rhōmais. The inhabitants called themselves Romaioi and Graikoi, and even as late as the 19th century Greeks typically referred to modern Greek as Romaika and Graikika. The authority of the Byzantine emperor as the legitimate Roman emperor was challenged by the coronation of Charlemagne as Imperator Augustus by Pope Leo III in the year 800. No such distinction existed in the Islamic and Slavic worlds, where the Empire was more seen as the continuation of the Roman Empire. In the Islamic world, the Roman Empire was known primarily as Rûm, the Roman army succeeded in conquering many territories covering the entire Mediterranean region and coastal regions in southwestern Europe and north Africa. These territories were home to different cultural groups, both urban populations and rural populations. The West also suffered heavily from the instability of the 3rd century AD
44.
Commodity money
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Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects that have value in themselves as well as value in their use as money and these items were sometimes used in a metric of perceived value in conjunction to one another, in various commodity valuation or price system economies. A key feature of commodity money is that the value is perceived by the users of this money. That is, the effect of holding a token for a barrel of oil must be the same economically as actually having the barrel at hand. Since payment by commodity generally provides a good, commodity money is similar to barter. Described the establishment of commodity money in P. O. W camps, people left their surplus clothing, toilet requisites and food there until they were sold at a fixed price in cigarettes. Thus the cigarette attained its fullest currency status, and the market was almost completely unified, radford documented the way that this cigarette currency was subject to Greshams law, inflation, and especially deflation. These may be exchanged for many services in prisons where personal possession of currency is prohibited, in doing so, the government will often impose a fee which is known as seigniorage. The role of a mint and of coin differs between commodity money and fiat money, in situations where there is commodity money, the coin retains its value if it is melted and physically altered, while in a fiat money it does not. In India, for example fiat Rupees disappeared from the market after 2007 when their content of stainless steel became larger than the fiat or face value of the coins. In the US, the metal in pennies and nickels has a close to, and sometimes exceeding. Commodities often come into being in situations where other forms of money are not available or not trusted, various commodities were used in pre-Revolutionary America including wampum, maize, iron nails, beaver pelts, and tobacco. Thus, beaver fur and wampum were used as money in the north for exchanges with the Indians, rice was used as money in South Carolina, and the most widespread use of commodity money was tobacco, which served as money in Virginia. The pound-of-tobacco was the unit in Virginia, with warehouse receipts in tobacco circulating as money backed 100 percent by the tobacco in the warehouse. In Canada, where the Hudsons Bay Company and other fur trading companies controlled most of the country, fur traders quickly realized that gold and they wanted goods such as metal knives and axes. The Fort Knox gold repository long maintained by the United States, between 1933 and 1970, one U. S. dollar was technically worth exactly 1/35 of a troy ounce of gold. Cigarettes and gasoline were used as a form of commodity money in some parts of Europe, including Germany, France and Belgium, cigarettes are still used as a form of commodity money in U. S. prisons. Gold or other metals are used in a price system as a store of perceived value that does not break down due to environmental deterioration
45.
Holy Roman Empire
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The Holy Roman Empire was a multi-ethnic complex of territories in central Europe that developed during the Early Middle Ages and continued until its dissolution in 1806. On 25 December 800, Pope Leo III crowned the Frankish king Charlemagne as Emperor, reviving the title in Western Europe, more than three centuries after the fall of the Western Roman Empire. The title was revived in 962 when Otto I was crowned emperor, fashioning himself as the successor of Charlemagne, some historians refer to the coronation of Charlemagne as the origin of the empire, while others prefer the coronation of Otto I as its beginning. Scholars generally concur, however, in relating an evolution of the institutions and principles constituting the empire, the office of Holy Roman Emperor was traditionally elective, although frequently controlled by dynasties. Emperor Francis II dissolved the empire on 6 August 1806, after the creation of the Confederation of the Rhine by Napoleon, before 1157, the realm was merely referred to as the Roman Empire. In a decree following the 1512 Diet of Cologne, the name was changed to Holy Roman Empire of the German Nation, by the end of the 18th century, the term Holy Roman Empire of the German Nation had fallen out of official use. As Roman power in Gaul declined during the 5th century, local Germanic tribes assumed control, by the middle of the 8th century, however, the Merovingians had been reduced to figureheads, and the Carolingians, led by Charles Martel, had become the de facto rulers. In 751, Martel’s son Pepin became King of the Franks, the Carolingians would maintain a close alliance with the Papacy. In 768 Pepin’s son Charlemagne became King of the Franks and began an expansion of the realm. He eventually incorporated the territories of present-day France, Germany, northern Italy, on Christmas Day of 800, Pope Leo III crowned Charlemagne emperor, restoring the title in the west for the first time in over three centuries. After the death of Charles the Fat in 888, however, the Carolingian Empire broke apart, according to Regino of Prüm, the parts of the realm spewed forth kinglets, and each part elected a kinglet from its own bowels. After the death of Charles the Fat, those crowned emperor by the pope controlled only territories in Italy, the last such emperor was Berengar I of Italy, who died in 924. Around 900, autonomous stem duchies reemerged in East Francia, on his deathbed, Conrad yielded the crown to his main rival, Henry the Fowler of Saxony, who was elected king at the Diet of Fritzlar in 919. Henry reached a truce with the raiding Magyars, and in 933 he won a first victory against them in the Battle of Riade, Henry died in 936, but his descendants, the Liudolfing dynasty, would continue to rule the Eastern kingdom for roughly a century. Upon Henry the Fowlers death, Otto, his son and designated successor, was elected King in Aachen in 936 and he overcame a series of revolts from an elder brother and from several dukes. After that, the managed to control the appointment of dukes. In 951, Otto came to the aid of Adelaide, the queen of Italy, defeating her enemies, marrying her. In 955, Otto won a victory over the Magyars in the Battle of Lechfeld
46.
Silver
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Silver is a metallic element with symbol Ag and atomic number 47. The symbol Ag stems from Latin argentum, derived from the Greek ὰργὀς, a soft, white, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. The metal is found in the Earths crust in the pure, free form, as an alloy with gold and other metals. Most silver is produced as a byproduct of copper, gold, lead, Silver is more abundant than gold, but it is much less abundant as a native metal. Its purity is measured on a per mille basis, a 94%-pure alloy is described as 0.940 fine. As one of the seven metals of antiquity, silver has had a role in most human cultures. Silver has long valued as a precious metal. Silver metal is used in many premodern monetary systems in bullion coins, Silver is used in numerous applications other than currency, such as solar panels, water filtration, jewelry, ornaments, high-value tableware and utensils, and as an investment medium. Silver is used industrially in electrical contacts and conductors, in specialized mirrors, window coatings, Silver compounds are used in photographic film and X-rays. Dilute silver nitrate solutions and other compounds are used as disinfectants and microbiocides, added to bandages and wound-dressings, catheters. Silver is similar in its physical and chemical properties to its two neighbours in group 11 of the periodic table, copper and gold. This distinctive electron configuration, with an electron in the highest occupied s subshell over a filled d subshell. Silver is a soft, ductile and malleable transition metal. Silver crystallizes in a cubic lattice with bulk coordination number 12. Unlike metals with incomplete d-shells, metallic bonds in silver are lacking a covalent character and are relatively weak and this observation explains the low hardness and high ductility of single crystals of silver. Silver has a brilliant white metallic luster that can take a polish. Protected silver has greater optical reflectivity than aluminium at all wavelengths longer than ~450 nm, at wavelengths shorter than 450 nm, silvers reflectivity is inferior to that of aluminium and drops to zero near 310 nm. The electrical conductivity of silver is the greatest of all metals, greater even than copper, during World War II in the US,13540 tons of silver were used in electromagnets for enriching uranium, mainly because of the wartime shortage of copper
