1.
Chile
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Chile, officially the Republic of Chile, is a South American country occupying a long, narrow strip of land between the Andes to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, Chilean territory includes the Pacific islands of Juan Fernández, Salas y Gómez, Desventuradas, and Easter Island in Oceania. Chile also claims about 1,250,000 square kilometres of Antarctica, the arid Atacama Desert in northern Chile contains great mineral wealth, principally copper. Southern Chile is rich in forests and grazing lands, and features a string of volcanoes and lakes, the southern coast is a labyrinth of fjords, inlets, canals, twisting peninsulas, and islands. Spain conquered and colonized Chile in the century, replacing Inca rule in northern and central Chile. After declaring its independence from Spain in 1818, Chile emerged in the 1830s as a relatively stable authoritarian republic, in the 1960s and 1970s the country experienced severe left-right political polarization and turmoil. The regime, headed by Augusto Pinochet, ended in 1990 after it lost a referendum in 1988 and was succeeded by a coalition which ruled through four presidencies until 2010. Chile is today one of South Americas most stable and prosperous nations and it leads Latin American nations in rankings of human development, competitiveness, income per capita, globalization, state of peace, economic freedom, and low perception of corruption. It also ranks high regionally in sustainability of the state, Chile is a founding member of the United Nations, the Union of South American Nations and the Community of Latin American and Caribbean States. There are various theories about the origin of the word Chile, another theory points to the similarity of the valley of the Aconcagua with that of the Casma Valley in Peru, where there was a town and valley named Chili. Another origin attributed to chilli is the onomatopoeic cheele-cheele—the Mapuche imitation of the warble of a locally known as trile. The Spanish conquistadors heard about this name from the Incas, ultimately, Almagro is credited with the universalization of the name Chile, after naming the Mapocho valley as such. The older spelling Chili was in use in English until at least 1900 before switching over to Chile, stone tool evidence indicates humans sporadically frequented the Monte Verde valley area as long as 18,500 years ago. About 10,000 years ago, migrating Native Americans settled in fertile valleys, settlement sites from very early human habitation include Monte Verde, Cueva del Milodon and the Pali Aike Craters lava tube. They fought against the Sapa Inca Tupac Yupanqui and his army, the result of the bloody three-day confrontation known as the Battle of the Maule was that the Inca conquest of the territories of Chile ended at the Maule river. The next Europeans to reach Chile were Diego de Almagro and his band of Spanish conquistadors, the Spanish encountered various cultures that supported themselves principally through slash-and-burn agriculture and hunting. The conquest of Chile began in earnest in 1540 and was carried out by Pedro de Valdivia, one of Francisco Pizarros lieutenants, who founded the city of Santiago on 12 February 1541. Although the Spanish did not find the gold and silver they sought, they recognized the agricultural potential of Chiles central valley
2.
Central bank
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A central bank, reserve bank, or monetary authority is an institution that manages a states currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries, Central banks in most developed nations are institutionally designed to be independent from political interference. Still, limited control by the executive and legislative bodies usually exists, prior to the 17th century most money was commodity money, typically gold or silver. However, promises to pay were widely circulated and accepted as value at least five hundred years earlier in both Europe and Asia. The Song dynasty was the first to issue generally circulating paper currency, in 1455, in an effort to control inflation, the succeeding Ming Dynasty ended the use of paper money and closed much of Chinese trade. The Bank of Amsterdam, established in the Dutch Republic in 1609, is considered to be the forerunner to modern central banks. The Wisselbanks innovations helped lay the foundations for the birth and development of the banking system that now plays a vital role in the worlds economy. Along with a number of local banks, it performed many functions of a central banking system. Lucien Gillard calls it the European guilder, and Adam Smith devotes many pages to explaining how the bank guilder works, the model of the Wisselbank as a state bank was adapted throughout Europe, including the Bank of Sweden and the Bank of England. Established by Dutch-Latvian Johan Palmstruch in 1668, Sveriges Riksbank is often considered by many as the worlds oldest central bank, the lenders would give the government cash and also issue notes against the government bonds, which could be lent again. A Royal Charter was granted on 27 July through the passage of the Tonnage Act 1694, the bank was given exclusive possession of the governments balances, and was the only limited-liability corporation allowed to issue banknotes. The £1. 2M was raised in 12 days, half of this was used to rebuild the Navy and these modern central banking functions evolved slowly through the 18th and 19th centuries. The currency crisis of 1797, caused by panicked depositors withdrawing from the Bank led to the government suspending convertibility of notes into specie payment. The bank was accused by the bullionists of causing the exchange rate to fall from over issuing banknotes. Nevertheless, it was clear that the Bank was being treated as an organ of the state, henry Thornton, a merchant banker and monetary theorist has been described as the father of the modern central bank. An opponent of the real bills doctrine, he was a defender of the bullionist position, thorntons process of monetary expansion anticipated the theories of Knut Wicksell regarding the cumulative process which restates the Quantity Theory in a theoretically coherent form. Until the mid-nineteenth century, commercial banks were able to issue their own banknotes, many consider the origins of the central bank to lie with the passage of the Bank Charter Act of 1844. Under this law, authorisation to issue new banknotes was restricted to the Bank of England, at the same time, the Bank of England was restricted to issue new banknotes only if they were 100% backed by gold or up to £14 million in government debt
3.
Central Bank of Chile
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The Central Bank of Chile is the central bank of Chile. It was originally created in 1925 and is incorporated into the current Chilean Constitution as an institution of constitutional rank. Its monetary policy is guided by an inflation targeting regime. Starting in the century, private banks started to thrive in Chile, spurring growing concerns over the control of payment methods. To this end, the government hired a mission led by economics professor Edwin Kemmerer of Princeton University, in August 1925, the Central Bank of Chile was created through Decree Law 486, which also established the banks monopoly for issuing bank notes under a gold standard regime. A degree of independence to avoid capture by the public or private sectors was implicit in its board structure. Moreover, it was heightened by a weak institutional framework. Inflation would only be controlled after the introduction of autonomy of constitutional rank in 1989, the CBoC is granted autonomous status by Chile’s National Constitution, in order to secure independence from national authorities, providing credibility and stability beyond the political cycle. To meet these objectives, the CBoC is enabled to use monetary and foreign exchange policy instruments, the CBoC is governed by a Board composed of five members appointed by the president, but ratified by the senate. Each term is ten years long and members are chosen in a staggered way every two years, the president appoints the Governor of the Board from existing members, for the minimum between the chosen member’s remaining term and five years. At least three members need to be present for the board to operate and measures are adopted with the support of the majority of present members. The Minister of Finance also participates in meetings with the right to speak and, unless there is full consensus among board members. The CBoC is Chiles monetary authority and its policy is guided by an inflation targeting regime. Specifically, the CBoC pursues an inflation target of 3%, with a range of 1%. If inflation expectations are diverging from the 3% target or if there are events since the meeting with an anticipated effect in the price level. The monetary policy is carried out through the daily interbank interest rate. 4% and 8. 7% in historical terms, the foreign exchange policy is led by a floating exchange rate, although the bank reserves the right to intervene in the foreign exchange markets. Although unusual, the CBoC has used announced interventions in four occasions since 1999, Chilean peso Economic history of Chile Economy of Chile Ministry of Finance of Chile Official website
4.
Mint (facility)
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A mint is an industrial facility which manufactures coins that can be used in currency. The history of mints correlates closely with the history of coins, in the beginning, hammered coinage or cast coinage were the chief means of coin minting, with resulting production runs numbering as little as the hundreds or thousands. In modern mints, coin dies are manufactured in large numbers, with the mass production of currency, the production cost is weighed when minting coins. For example, it costs the United States Mint much less than 25 cents to make a quarter, metals were well suited to represent wealth, owing to their great intrinsic value and their durability, divisibility and rarity. The first mint was established in Lydia in the 7th century BC, for coining gold, silver. The Lydian innovation of manufacturing coins under the authority of the spread to neighboring Greece. Some of the earliest Greek mints were within city-states on Greek islands such as Crete, at about the same time, coins and mints appeared independently in China and spread to Korea and Japan. The manufacture of coins in the Roman Empire, 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, Ancient coins were made by casting in moulds or by striking between engraved dies. The Romans cast their larger copper coins in clay moulds carrying distinctive markings, not because they knew nothing of striking, casting is now used only by counterfeiters. The most ancient coins were cast in bulletshaped or conical moulds, the blank or unmarked piece of metal was placed on a small anvil, and the die was held in position with tongs. The reverse or lower side of the received a rectangular mark made by the sharp edges of the little anvil. Subsequently the anvil was marked in ways, and decorated with letters and figures of beasts. The spherical blanks soon gave place to lenticular-shaped ones, the blank was made red-hot and struck between cold dies. One blow was usually insufficient, and the method was similar to that used in striking medals in high relief. With the substitution of iron for bronze as the material for dies, about 300 AD, in the Middle Ages bars of metal were cast and hammered out on an anvil. Portions of the sheets were then cut out with shears
5.
United States dollar
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The United States dollar is the official currency of the United States and its insular territories per the United States Constitution. It is divided into 100 smaller cent units, the circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars. The U. S. dollar was originally commodity money of silver as enacted by the Coinage Act of 1792 which determined the dollar to be 371 4/16 grain pure or 416 grain standard silver, the currency most used in international transactions, it is the worlds primary reserve currency. Several countries use it as their currency, and in many others it is the de facto currency. Besides the United States, it is used as the sole currency in two British Overseas Territories in the Caribbean, the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while the country mints its own coins, or also accepts U. S. coins that can be used as payment in U. S. dollars. After Nixon shock of 1971, USD became fiat currency, Article I, Section 8 of the U. S. Constitution provides that the Congress has the power To coin money, laws implementing this power are currently codified at 31 U. S. C. Section 5112 prescribes the forms in which the United States dollars should be issued and these coins are both designated in Section 5112 as legal tender in payment of debts. The Sacagawea dollar is one example of the copper alloy dollar, the pure silver dollar is known as the American Silver Eagle. Section 5112 also provides for the minting and issuance of other coins and these other coins are more fully described in Coins of the United States dollar. The Constitution provides that a regular Statement and Account of the Receipts and that provision of the Constitution is made specific by Section 331 of Title 31 of the United States Code. The sums of money reported in the Statements are currently being expressed in U. S. dollars, the U. S. dollar may therefore be described as the unit of account of the United States. The word dollar is one of the words in the first paragraph of Section 9 of Article I of the Constitution, there, dollars is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U. S. Congress passed a Coinage Act, Section 20 of the act provided, That the money of account of the United States shall be expressed in dollars, or units. And that all accounts in the offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation. In other words, this act designated the United States dollar as the unit of currency of the United States, unlike the Spanish milled dollar the U. S. dollar is based upon a decimal system of values. Both one-dollar coins and notes are produced today, although the form is significantly more common
6.
French franc
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The franc, also commonly distinguished as the French franc, was a currency of France. Between 1450 and 1999, it was the name of coins worth 1 livre tournois and it was revalued in 1960, with each new franc being worth 100 old francs. The French franc was a commonly held reserve currency of reference in the 19th and 20th centuries. The first franc was a gold coin introduced in 1360 to pay the Ransom of King John II of France and this coin secured the kings freedom and showed him on a richly decorated horse earning it the name franc à cheval. The obverse legend, like other French coins, gives the title as Francorum Rex. Its value was set as one livre tournois, john’s son, Charles V, continued this type. It was copied exactly at Brabant and Cambrai and, with the arms on the horse cloth changed, conquests led by Joan of Arc allowed Charles VII to return to sound coinage and he revived the franc à cheval. John II, however, was not able to strike enough francs to pay his ransom, John II died as a prisoner in England and his son, Charles V was left to pick up the pieces. Charles V pursued a policy of reform, including stable coinage, an edict dated 20 April 1365 established the centerpiece of this policy, a gold coin officially called the denier d’or aux fleurs de lis which had a standing figure of the king on its obverse. Its value in money of account was one livre tournois, just like the franc à cheval, in accordance with the theories of the mathematician, economist and royal advisor Nicolas Oresme, Charles struck fewer coins of better gold than his predecessors. In the accompanying deflation both prices and wages fell, but wages fell faster and debtors had to settle up in better money than they had borrowed, the Mayor of Paris, Etienne Marcel, exploited their discontent to lead a revolt which forced Charles V out of the city. The States General which met at Blois in 1577 added to the pressure to stop currency manipulation. Henry III agreed to do this and he revived the franc and this coin and its fractions circulated until 1641 when Louis XIII of France replaced it with the silver Écu. Nevertheless, the franc continued in accounting as a synonym for the livre tournois. The decimal franc was established as the currency by the French Revolutionary Convention in 1795 as a decimal unit of 4.5 g of fine silver. This was slightly less than the livre of 4.505 g, silver coins now had their denomination clearly marked as “5 FRANCS” and it was made obligatory to quote prices in francs. e. Coinage with explicit denominations in decimal fractions of the franc also began in 1795, decimalization of the franc was mandated by an act of 7 April 1795, which also dealt with of weights and measures. France’s first decimal coinage used allegorical figures symbolizing revolutionary principles, like the designs the United States had adopted in 1793
7.
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
8.
Mapuche
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The Mapuche are a group of indigenous inhabitants of south-central Chile and southwestern Argentina, including parts of present-day Patagonia. Their influence once extended from the Aconcagua River to the Chiloé Archipelago, today the collective group makes up over 80% of the indigenous peoples in Chile, and about 9% of the total Chilean population. They are particularly concentrated in Araucanía, many have migrated to the Santiago area for economic opportunities. The Mapuchen is used both to refer collectively to the Picunche, Huilliche and Moluche or Nguluche from Araucanía, or at other times, the Mapuche traditional economy is based on agriculture, their traditional social organisation consists of extended families, under the direction of a lonko or chief. In times of war, they would unite in larger groupings and they are known for the textiles woven by women, which have been goods for trade for centuries, since before European encounter. The Araucanian Mapuche inhabited at the time of Spanish arrival the valleys between the Itata and Toltén rivers, South of it, the Huilliche and the Cunco lived as far south as the Chiloé Archipelago. In the 17th, 18th and 19th centuries, Mapuche groups migrated eastward into the Andes and pampas, fusing and establishing relationships with the Poya and Pehuenche. At about the time, ethnic groups of the pampa regions. The Tehuelche adopted the Mapuche language and some of their culture, historically the Spanish colonizers of South America referred to the Mapuche people as Araucanians. However, this term is now considered pejorative by some people, the name was likely derived from the placename rag ko, meaning clayey water. The Quechua word awqa, meaning rebel, enemy, is not the root of araucano. Some Mapuche mingled with Spanish during colonial times, and their descendants make up the group of mestizos in Chile. But, Mapuche society in Araucanía and Patagonia remained independent until the Chilean Occupation of Araucanía, since then Mapuches have become subjects, and then nationals and citizens of the respective states. Today, many Mapuche and Mapuche communities are engaged in the so-called Mapuche conflict over land, archaeological finds have shown the existence of a Mapuche culture in Chile and Argentina as early as 600 to 500 BC. Genetically Mapuches differ from the adjacent indigenous peoples of Patagonia and this suggests a different origin or long lasting separation of Mapuche and Patagonian populations. Troops of the Inca Empire are reported to have reached the Maule River and had a battle with the Mapuches between the Maule River and the Itata River there. The southern border of the Inca Empire is believed by most modern scholars to have been situated between Santiago and the Maipo River or somewhere between Santiago and the Maule River, thus the bulk of the Mapuche escaped Inca rule. Through their contact with Incan invaders Mapuches would have for the first time met people with state organization and their contact with the Incas gave them a collective awareness distinguishing between them and the invaders and uniting them into loose geo-political units despite their lack of state organization
9.
Polymer banknote
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Polymer banknotes are banknotes made from a polymer such as biaxially oriented polypropylene. Such notes incorporate many security features not available in paper banknotes, polymer banknotes last significantly longer than paper notes, causing a decrease in environmental impact and a reduced cost of production and replacement. Modern polymer banknotes were first developed by the Reserve Bank of Australia, Commonwealth Scientific and Industrial Research Organisation and they were first issued as currency in Australia during 1988. In 1996 Australia switched completely to polymer banknotes, other countries that have switched completely to polymer banknotes include, Brunei, Canada, New Zealand, Papua New Guinea, Romania, Kuwait and Vietnam. The latest countries to introduce polymer banknotes into circulation include, the United Kingdom, Cape Verde, Chile, The Gambia, Nicaragua, Trinidad and Tobago, Republic of Maldives and Nepal. In 1968 the RBA started collaborations with CSIRO, and funds were available in 1969 for the experimental production of distinctive papers. The insertion into banknotes of an optically variable device created from diffraction gratings in plastic as a security device was proposed in 1972, the first patent arising from the development of polymer banknotes was filed in 1973. An alternative polymer of polyethylene fibres, marketed as Tyvek by DuPont, was developed for use as currency by the American Bank Note Company in the early 1980s, Tyvek did not perform well in trials, smudging of ink and fragility were reported as problems. Only Costa Rica and Haiti issued Tyvek banknotes, test notes were produced for Ecuador, El Salvador, Honduras and Venezuela but never placed in circulation. Additionally, English printers Bradbury Wilkinson produced a version on Tyvek but marketed as Bradvek for the Isle of Man in 1983, however, in the 1980s, Canadian engineering company AGRA Vadeko and US chemical company US Mobil Chemical Company developed a polymer substrate trademarked as DuraNote. It had been tested by the Bank of Canada in the 1980s and 1990s, test $20, polymer banknotes were developed in Australia to replace paper banknotes with a more secure and more durable alternative. BOPP is a non-fibrous and non-porous polymer, polymer banknotes usually have three levels of security devices. Primary security devices are easily recognisable by consumers and may include intaglio, metal strips, secondary security devices are detectable by a machine. Tertiary security devices may only be detectable by the issuing authority when a banknote is returned, trading as Innovia Security, Innovia Films markets BOPP as Guardian for countries with their own banknote printing facilities. Note Printing Australia prints commemorative banknotes and banknotes for circulation, and has done so for 20 countries, as of 2014, at least seven countries have converted fully to polymer banknotes, Australia, Brunei, Canada, New Zealand, Papua New Guinea, Romania and Vietnam. Countries and regions that have issued commemorative banknotes on Guardian polymer include, China, Taiwan, Northern Ireland, however, President Goodluck Jonathan halted the process in September 2012. The polymer notes in the Republic of Mauritius are available in values of Rs 25, Rs 50, the Fiji $5 was issued in April 2013. In the United Kingdom, the first polymer banknotes were issued by the Northern Bank in Northern Ireland in 2000, in March 2015, the Clydesdale Bank in Scotland began to issue polymer Sterling £5 notes marking the 125th anniversary of the building of the Forth Bridge
10.
Gabriela Mistral
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Gabriela Mistral was the pseudonym of Lucila Godoy y Alcayaga, a Chilean poet-diplomat, educator and humanist. Her portrait also appears on the 5,000 Chilean peso bank note, Mistral was born in Vicuña, Chile, but was raised in the small Andean village of Montegrande, where she attended a primary school taught by her older sister, Emelina Molina. She respected her sister greatly, despite the financial problems that Emelina brought her in later years. Her father, Juan Gerónimo Godoy Villanueva, was also a schoolteacher and he abandoned the family before she was three years old, and died, long since estranged from the family, in 1911. Throughout her early years she was never far from poverty, by age fifteen, she was supporting herself and her mother, Petronila Alcayaga, a seamstress, by working as a teachers aide in the seaside town of Compañia Baja, near La Serena, Chile. Probably in about 1906, while working as a teacher, Mistral met Romelio Ureta, a railway worker, who killed himself in 1909. The profound effects of death were already in the work, writing about his suicide led the poet to consider death. While Mistral had passionate friendships with men and women. She had been using the pen name Gabriela Mistral since June 1908 for much of her writing, after winning the Juegos Florales she infrequently used her given name of Lucila Godoy for her publications. Mistrals meteoric rise in Chiles national school system plays out against the politics of Chile in the first two decades of the 20th century. In her adolescence, the need for teachers was so great, and the number of trained teachers was so small, especially in the rural areas, the poet was able to rise from one post to another because of her publications in local and national newspapers and magazines. Her willingness to move was also a factor, between the years 1906 and 1912 she had taught, successively, in three schools near La Serena, then in Barrancas, then Traiguén in 1910, and in Antofagasta in the desert north, in 1911. By 1912 she had moved to work in a liceo, or high school, in Los Andes, in 1918 Pedro Aguirre Cerda, then Minister of Education, and a future president of Chile, promoted her appointment to direct a liceo in Punta Arenas. He had her join in the plan to reform libraries and schools. That year she published Desolación in New York, which promoted the international acclaim she had already been receiving thanks to her journalism. A year later she published Lecturas para Mujeres, a text in prose and verse that celebrates Latin America from the broad, following almost two years in Mexico she traveled from Laredo, Texas to Washington D. C. In early 1925 she returned to Chile, where she retired from the nations education system. The University of Chile had granted her the title of Spanish Professor in 1923
11.
Argentina
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Argentina, officially the Argentine Republic, is a federal republic in the southern half of South America. With a mainland area of 2,780,400 km2, Argentina is the eighth-largest country in the world, the second largest in Latin America, and the largest Spanish-speaking one. The country is subdivided into provinces and one autonomous city, Buenos Aires. The provinces and the capital have their own constitutions, but exist under a federal system, Argentina claims sovereignty over part of Antarctica, the Falkland Islands, and South Georgia and the South Sandwich Islands. The earliest recorded presence in the area of modern-day Argentina dates back to the Paleolithic period. The country has its roots in Spanish colonization of the region during the 16th century, Argentina rose as the successor state of the Viceroyalty of the Río de la Plata, a Spanish overseas viceroyalty founded in 1776. The country thereafter enjoyed relative peace and stability, with waves of European immigration radically reshaping its cultural. The almost-unparalleled increase in prosperity led to Argentina becoming the seventh wealthiest developed nation in the world by the early 20th century, Argentina retains its historic status as a middle power in international affairs, and is a prominent regional power in the Southern Cone and Latin America. Argentina has the second largest economy in South America, the third-largest in Latin America and is a member of the G-15 and it is the country with the second highest Human Development Index in Latin America with a rating of very high. Because of its stability, market size and growing high-tech sector, the description of the country by the word Argentina has to be found on a Venice map in 1536. In English the name Argentina probably comes from the Spanish language, however the naming itself is not Spanish, Argentina means in Italian of silver, silver coloured, probably borrowed from the Old French adjective argentine of silver > silver coloured already mentioned in the 12th century. The French word argentine is the form of argentin and derives of argent silver with the suffix -in. The Italian naming Argentina for the country implies Argentina Terra land of silver or Argentina costa coast of silver, in Italian, the adjective or the proper noun is often used in an autonomous way as a substantive and replaces it and it is said lArgentina. The name Argentina was probably first given by the Venitian and Genoese navigators, in Spanish and Portuguese, the words for silver are respectively plata and prata and of silver is said plateado and prateado. Argentina was first associated with the silver mountains legend, widespread among the first European explorers of the La Plata Basin. The first written use of the name in Spanish can be traced to La Argentina, a 1602 poem by Martín del Barco Centenera describing the region, the 1826 constitution included the first use of the name Argentine Republic in legal documents. The name Argentine Confederation was also used and was formalized in the Argentine Constitution of 1853. In 1860 a presidential decree settled the name as Argentine Republic
12.
September 11 attacks
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The September 11 attacks were a series of four coordinated terrorist attacks by the Islamic terrorist group al-Qaeda on the United States on the morning of Tuesday, September 11,2001. The attacks killed 2,996 people, injured over 6,000 others, two of the planes, American Airlines Flight 11 and United Airlines Flight 175, were crashed into the North and South towers, respectively, of the World Trade Center complex in New York City. A third plane, American Airlines Flight 77, was crashed into the Pentagon in Arlington County, Virginia and it was the deadliest incident for firefighters and law enforcement officers in the history of the United States, with 343 and 72 killed respectively. Suspicion for the attack fell on al-Qaeda. The United States responded to the attacks by launching the War on Terror and invading Afghanistan to depose the Taliban, many countries strengthened their anti-terrorism legislation and expanded the powers of law enforcement and intelligence agencies to prevent terrorist attacks. Although al-Qaedas leader, Osama bin Laden, initially denied any involvement, al-Qaeda and bin Laden cited U. S. support of Israel, the presence of U. S. troops in Saudi Arabia, and sanctions against Iraq as motives. Having evaded capture for almost a decade, bin Laden was located and killed by SEAL Team Six of the U. S. Navy in May 2011. S. many closings, evacuations, and cancellations followed, out of respect or fear of further attacks. Cleanup of the World Trade Center site was completed in May 2002, on November 18,2006, construction of One World Trade Center began at the World Trade Center site. The building was opened on November 3,2014. The origins of al-Qaeda can be traced to 1979 when the Soviet Union invaded Afghanistan, Osama bin Laden traveled to Afghanistan and helped organize Arab mujahideen to resist the Soviets. Under the guidance of Ayman al-Zawahiri, bin Laden became more radical, in 1996, bin Laden issued his first fatwā, calling for American soldiers to leave Saudi Arabia. Bin Laden used Islamic texts to exhort Muslims to attack Americans until the stated grievances are reversed, Muslim legal scholars have throughout Islamic history unanimously agreed that the jihad is an individual duty if the enemy destroys the Muslim countries, according to bin Laden. Bin Laden, who orchestrated the attacks, initially denied but later admitted involvement, in November 2001, U. S. forces recovered a videotape from a destroyed house in Jalalabad, Afghanistan. In the video, bin Laden is seen talking to Khaled al-Harbi, on December 27,2001, a second bin Laden video was released. In the video, he said, It has become clear that the West in general and it is the hatred of crusaders. Terrorism against America deserves to be praised because it was a response to injustice, aimed at forcing America to stop its support for Israel, the transcript refers several times to the United States specifically targeting Muslims. He said that the attacks were carried out because, we are free, and want to regain freedom for our nation. As you undermine our security we undermine yours, Bin Laden said he had personally directed his followers to attack the World Trade Center and the Pentagon
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