Government of New York City
The government of New York City, headquartered at New York City Hall in Lower Manhattan, is organized under the New York City Charter and provides for a "strong" mayor-council system. The mayor is elected to a four-year term and is responsible for the administration of city government; the New York City Council is a unicameral body consisting of 51 members, each elected from a geographic district for four-year terms. All elected officials—other than those elected before 2010, who are limited to three consecutive terms—are subject to a two consecutive-term limit; the court system consists of three statewide courts. New York City government employs 325,000 people, more than any other city in the United States and more than any U. S. state but three: California and New York. The city government is responsible for public education, correctional institutions, public safety, recreational facilities, water supply, welfare services. New York City's political geography is unique, consisting of five boroughs, each coterminous with one of five counties of New York State: Brooklyn is Kings County, the Bronx is Bronx County, Manhattan is New York County, Queens is Queens County, Staten Island is Richmond County.
When New York City was consolidated into its present form in 1898, all previous town and county governments within it were abolished in favor of the present five boroughs and a unified, centralized city government. However, each county retains its own district attorney to prosecute crimes, most of the court system is organized around the counties; the executive branch of New York City consists of the Mayor, numerous departments and commissions. The Mayor appoints several deputy mayors to head major offices within the executive branch of the city government; the City Record is the official journal published each weekday containing legal notices produced by city agencies, regulations are compiled in the Rules of the City of New York. The Mayor is the chief executive officer of the city and a magistrate and removes all unelected officers and exercises all the powers vested in the city except otherwise provided by law, is responsible for the effectiveness and integrity of city government operations.
The mayor is directly elected by popular vote for a four-year term. The mayor is responsible for creating the city's budget through the Office of Management and Budget, submitted for approval, not drafting, to the Council. Along with the mayor, the Public Advocate and the Comptroller are the only three directly elected citywide officials in New York City; the Public Advocate is an elected official with responsibility to ease public relations with the government, investigate complaints regarding city agencies, mediate disputes between city agencies and citizens, serve as the city's ombudsman and advise the mayor on community relations. The Public Advocate is a member of the Council; the Public Advocate stands first in line of succession to the mayoralty. The Comptroller conducts performance and financial audits of all city agencies, serves as a fiduciary to the city's five public pension funds totaling nearly $160 billion in assets, provides comprehensive oversight of the city's budget and fiscal condition, reviews city contracts for integrity and fiscal compliance, manages the fair and effective resolution of claims against the city, ensures transparency and accountability in the prevailing wage rate-setting process and enforces prevailing wage and living wage laws.
The Comptroller stands second, after the Public Advocate, in the line to succeed a mayor who has become unable to serve. Legislative power in the City of New York is vested in the New York City Council; the New York State Constitution empowers local governments to adopt local laws in addition to ordinances, resolutions and regulations. The Council is a unicameral body consisting of 51 Council members, whose districts are defined by geographic population boundaries that each contain 157,000 people. Council members are elected every four years, except that after every census held in years divisible by twenty, districts are redrawn, requiring two consecutive two-year terms, the second of, held in the redrawn districts; the Speaker of the Council, selected by the 51 Council members, is considered the second most powerful post in New York City's government after the Mayor. Bills passed by a simple majority are sent to the mayor. If the mayor vetoes a bill, the Council has 30 days to override the veto by a two-thirds majority vote.
A local law has a status equivalent with a law enacted by the New York State Legislature, is superior to the older forms of municipal legislation such as ordinances, resolutions and regulations. The codified local laws of New York City are contained in the New York City Administrative Code; the Council has several committees with oversight of various functions of the city government. Each council member sits on at least three standing, subcommittees; the standing committees meet at least once per month. The Speaker of the Council, the Majority Leader, the Minority Leader are all ex officio members of every committee. Prior to 1990, the city had a powerful Board of Estimate, a unique legislative-executive hybrid. Although it could not pass laws, it shared authority for the city budget with the council and controlled functions such as land use, municipal contracts and water and sewer rates; the Board's membership consisted of the mayor, president of the City Council, the five borough presidents.
The three citywide officials each cast two votes, the borough presidents one each. In 1989, the Suprem
September 11 attacks
The September 11 attacks were a series of four coordinated terrorist attacks by the Islamic terrorist group al-Qaeda against the United States on the morning of Tuesday, September 11, 2001. The attacks killed 2,996 people, injured over 6,000 others, caused at least $10 billion in infrastructure and property damage. Additional people died of 9/11-related cancer and respiratory diseases in the months and years following the attacks. Four passenger airliners operated by two major U. S. passenger air carriers —all of which departed from airports in the northeastern United States bound for California—were hijacked by 19 al-Qaeda terrorists. Two of the planes, American Airlines Flight 11 and United Airlines Flight 175, were crashed into the North and South towers of the World Trade Center complex in Lower Manhattan. Within an hour and 42 minutes, both 110-story towers collapsed. Debris and the resulting fires caused a partial or complete collapse of all other buildings in the World Trade Center complex, including the 47-story 7 World Trade Center tower, as well as significant damage to ten other large surrounding structures.
A third plane, American Airlines Flight 77, was crashed into the Pentagon in Arlington County, which led to a partial collapse of the building's west side. The fourth plane, United Airlines Flight 93, was flown toward Washington, D. C. but crashed into a field in Stonycreek Township near Shanksville, after its passengers thwarted the hijackers. 9/11 is the single deadliest terrorist attack in human history and the single deadliest incident for firefighters and law enforcement officers in the history of the United States, with 343 and 72 killed, respectively. Suspicion fell on al-Qaeda; the United States responded by launching the War on Terror and invaded Afghanistan to depose the Taliban, which had failed to comply with U. S. demands to extradite Osama bin expel al-Qaeda from Afghanistan. Many countries strengthened their anti-terrorism legislation and expanded the powers of law enforcement and intelligence agencies to prevent terrorist attacks. Although Osama bin Laden, al-Qaeda's leader denied any involvement, in 2004 he claimed responsibility for the attacks.
Al-Qaeda and bin Laden cited U. S. support of Israel, the presence of U. S. troops in Saudi Arabia, sanctions against Iraq as motives. After evading capture for a decade, bin Laden was located in Pakistan and killed by SEAL Team Six of the U. S. Navy in May 2011; the destruction of the World Trade Center and nearby infrastructure harmed the economy of Lower Manhattan and had a significant effect on global markets, which resulted in the closing of Wall Street until September 17 and the civilian airspace in the U. S. and Canada until September 13. Many closings and cancellations followed, out of respect or fear of further attacks. Cleanup of the World Trade Center site was completed in May 2002, the Pentagon was repaired within a year. 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. Numerous memorials have been constructed, including the National September 11 Memorial & Museum in New York City, the Pentagon Memorial in Arlington County and the Flight 93 National Memorial in a field in Stonycreek Township near Shanksville, Pennsylvania.
Although not confirmed, there is evidence of alleged Saudi Arabian involvement in the attacks. Given as main evidence in these charges are the contents of the 28 redacted pages of the December 2002 Joint Inquiry into Intelligence Community Activities before and after the Terrorist Attacks of September 11, 2001 conducted by the Senate Select Committee on Intelligence and the House Permanent Select Committee on Intelligence; these 28 pages contain information regarding the material and financial assistance given to the hijackers and their affiliates leading up to the attacks by the Saudi Arabian government. The origins of al-Qaeda can be traced to 1979. Osama bin Laden 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. In a second fatwā in 1998, bin Laden outlined his objections to American foreign policy with respect to Israel, as well as the continued presence of American troops in Saudi Arabia after the Gulf War.
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 orchestrated the attacks and denied involvement but recanted his false statements. Al Jazeera broadcast a statement by bin Laden on September 16, 2001, stating, "I stress that I have not carried out this act, which appears to have been carried out by individuals with their own motivation." In November 2001, U. S. forces recovered a videotape from a destroyed house in Afghanistan. In the video, bin Laden admits foreknowledge of the attacks. 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 America in particular have an unspeakable hatred for Islam.... 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, which kills our people....
The pound sterling known as the pound and less referred to as sterling, is the official currency of the United Kingdom, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, Tristan da Cunha. It is subdivided into 100 pence. A number of nations that do not use sterling have currencies called the pound. Sterling is the third most-traded currency in the foreign exchange market, after the United States dollar, the euro. Together with those two currencies and the Chinese yuan, it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is the third most-held reserve currency in global reserves; the British Crown dependencies of Guernsey and the Isle of Man produce their own local issues of sterling which are considered equivalent to UK sterling in their respective regions. The pound sterling is used in Gibraltar, the Falkland Islands, Saint Helena and Ascension Island in Saint Helena and Tristan da Cunha; the Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, regulating issuance of banknotes by private banks in Scotland and Northern Ireland.
Banknotes issued by other jurisdictions are not regulated by the Bank of England. The full official name pound sterling, is used in formal contexts and when it is necessary to distinguish the United Kingdom currency from other currencies with the same name. Otherwise the term pound is used; the currency name is sometimes abbreviated to just sterling in the wholesale financial markets, but not when referring to specific amounts. The abbreviations "ster." and "stg." are sometimes used. The term "British pound" is sometimes incorrectly used in less formal contexts, it is not an official name of the currency; the exchange rate of the pound sterling against the US dollar is referred to as "cable" in the wholesale foreign exchange markets. The origins of this term are attributed to the fact that in the 1800s, the GBP/USD exchange rate was transmitted via transatlantic cable. Forex traders of GBP/USD are sometimes referred to as "cable dealers". GBP/USD is now the only currency pair with its own name in the foreign exchange markets, after IEP/USD, known as "wire" in the forward FX markets, no longer exists after the Irish Pound was replaced by the euro in 1999.
There is apparent convergence of opinion regarding the origin of the term "pound sterling", toward its derivation from the name of a small Norman silver coin, away from its association with Easterlings or other etymologies. Hence, the Oxford English Dictionary state that the "most plausible" etymology is derivation from the Old English steorra for "star" with the added diminutive suffix "-ling", to mean "little star" and to refer to a silver penny of the English Normans; as another established source notes, the compound expression was derived: However, the perceived narrow window of the issuance of this coin, the fact that coin designs changed in the period in question, led Philip Grierson to reject this in favour of a more complex theory. Another argument that the Hanseatic League was the origin for both the origin of its definition and manufacture, in its name is that the German name for the Baltic is "Ost See", or "East Sea", from this the Baltic merchants were called "Osterlings", or "Easterlings".
In 1260, Henry III granted them a charter of protection and land for their Kontor, the Steelyard of London, which by the 1340s was called "Easterlings Hall", or Esterlingeshalle. Because the League's money was not debased like that of England, English traders stipulated to be paid in pounds of the "Easterlings", contracted to "'sterling". For further discussion of the etymology of "sterling", see sterling silver; the currency sign for the pound is £, written with a single cross-bar, though a version with a double cross-bar is sometimes seen. This symbol derives from medieval Latin documents; the ISO 4217 currency code is GBP, formed from "GB", the ISO 3166-1 alpha-2 code for the United Kingdom, the first letter of "pound". It does not stand for "Great Britain Pound" or "Great British Pound"; the abbreviation "UKP" is used but this is non-standard because the ISO 3166 country code for the United Kingdom is GB. The Crown dependencies use their own codes: GGP, JEP and IMP. Stocks are 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, singular and plural, except in the common phrase "quids in!". The term may have come via Italian immigrants from "scudo", the name for a number of coins used in Italy until the 19th century.
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, United States. The company wholly owns GEICO, Dairy Queen, BNSF, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, NetJets, owns 38.6% of Pilot Flying J. Since 2016, the company has acquired large holdings in the major US airline carriers, is the largest shareholder in United Airlines and Delta Air Lines, a top three shareholder in Southwest Airlines and American Airlines. Berkshire Hathaway has averaged an annual growth in book value of 19.0% to its shareholders since 1965, while employing large amounts of capital, minimal debt. The company is known for its control and leadership by Warren Buffett, who serves as chairman and chief executive, Charlie Munger, the company's vice chairman. In the early part of his career at Berkshire, Buffett focused on long-term investments in publicly traded companies, but more he has more bought whole companies.
Berkshire now owns a diverse range of businesses including confectionery, railroads, home furnishings, manufacturers of vacuum cleaners, jewelry sales, newspaper publishing and distribution of uniforms, several regional electric and gas utilities. According to the Forbes Global 2000 list and formula, Berkshire Hathaway is the third largest public company in the world, the tenth largest conglomerate by revenue and the largest financial services company by revenue in the world. Berkshire is the seventh largest company in the S&P 500 Index by market capitalization, is famous for having the most expensive share price in history with a Class A share costing around $300,000 each; this is due to the fact that there has never been a stock split and Buffett has stated in a 1984 letter to shareholders that he does not intend to do so. Berkshire Hathaway traces its roots to a textile manufacturing company established by Oliver Chace in 1839 as the Valley Falls Company in Valley Falls, Rhode Island. Chace had worked for Samuel Slater, the founder of the first successful textile mill in America.
Chace founded his first textile mill in 1806. In 1929, the Valley Falls Company merged with the Berkshire Cotton Manufacturing Company established in 1889, in Adams, Massachusetts; the combined company was known as Berkshire Fine Spinning Associates. In 1955, Berkshire Fine Spinning Associates merged with the Hathaway Manufacturing Company, founded in 1888 in New Bedford, Massachusetts by Horatio Hathaway with profits from whaling and the China Trade. Hathaway had been successful in its first decades, but it suffered during a general decline in the textile industry after World War I. At this time, Hathaway was run by Seabury Stanton, whose investment efforts were rewarded with renewed profitability after the Great Depression. After the merger, Berkshire Hathaway had 15 plants employing over 12,000 workers with over $120 million in revenue, was headquartered in New Bedford. However, seven of those locations were closed by the end of the decade, accompanied by large layoffs. In 1962, Warren Buffett began buying stock in Berkshire Hathaway after noticing a pattern in the price direction of its stock whenever the company closed a mill.
Buffett acknowledged that the textile business was waning and the company's financial situation was not going to improve. In 1964, Stanton made an oral tender offer of $111⁄2 per share for the company to buy back Buffett's shares. Buffett agreed to the deal. A few weeks Warren Buffett received the tender offer in writing, but the tender offer was for only $113⁄8. Buffett admitted that this lower, undercutting offer made him angry. Instead of selling at the lower price, Buffett decided to buy more of the stock to take control of the company and fire Stanton. However, this put Buffett in a situation where he was now majority owner of a textile business, failing. Buffett maintained Berkshire's core business of textiles, but by 1967, he was expanding into the insurance industry and other investments. Berkshire first ventured into the insurance business with the purchase of National Indemnity Company. In the late 1970s, Berkshire acquired an equity stake in the Government Employees Insurance Company, which forms the core of its insurance operations today.
In 1985, the last textile operations were shut down. In 2010, Buffett claimed that purchasing Berkshire Hathaway was the biggest investment mistake he had made, claimed that it had denied him compounded investment returns of about $200 billion over the subsequent 45 years. Buffett claimed that had he invested that money directly in insurance businesses instead of buying out Berkshire Hathaway, those investments would have paid off several hundredfold. Berkshire's class A shares sold for $313,350.00 as of February 1, 2019, making them the highest-priced shares on the New York Stock Exchange, in part because they have never had a stock split and have only paid a dividend once since Warren Buffett took over, retaining corporate earnings on its balance sheet in a manner, impermissible for mutual funds. Shares closed over $100,000 for the first time on October 23, 2006. Despite its size, Berkshire had for many years not been included in broad stock market indices such as
Nova Scotia is one of Canada's three Maritime Provinces, one of the four provinces that form Atlantic Canada. Its provincial capital is Halifax. Nova Scotia is the second-smallest of Canada's ten provinces, with an area of 55,284 square kilometres, including Cape Breton and another 3,800 coastal islands; as of 2016, the population was 923,598. Nova Scotia is Canada's second-most-densely populated province, after Prince Edward Island, with 17.4 inhabitants per square kilometre. "Nova Scotia" means "New Scotland" in Latin and is the recognized English-language name for the province. In both French and Scottish Gaelic, the province is directly translated as "New Scotland". In general and Slavic languages use a direct translation of "New Scotland", while most other languages use direct transliterations of the Latin / English name; the province was first named in the 1621 Royal Charter granting to Sir William Alexander in 1632 the right to settle lands including modern Nova Scotia, Cape Breton Island, Prince Edward Island, New Brunswick and the Gaspé Peninsula.
Nova Scotia is Canada's smallest province in area after Prince Edward Island. The province's mainland is the Nova Scotia peninsula surrounded by the Atlantic Ocean, including numerous bays and estuaries. Nowhere in Nova Scotia is more than 67 km from the ocean. Cape Breton Island, a large island to the northeast of the Nova Scotia mainland, is part of the province, as is Sable Island, a small island notorious for its shipwrecks 175 km from the province's southern coast. Nova Scotia has many ancient fossil-bearing rock formations; these formations are rich on the Bay of Fundy's shores. Blue Beach near Hantsport, Joggins Fossil Cliffs, on the Bay of Fundy's shores, has yielded an abundance of Carboniferous-age fossils. Wasson's Bluff, near the town of Parrsboro, has yielded both Triassic- and Jurassic-age fossils; the province contains 5,400 lakes. Nova Scotia lies in the mid-temperate zone and, although the province is surrounded by water, the climate is closer to continental climate rather than maritime.
The winter and summer temperature extremes of the continental climate are moderated by the ocean. However, winters are cold enough to be classified as continental—still being nearer the freezing point than inland areas to the west; the Nova Scotian climate is in many ways similar to the central Baltic Sea coast in Northern Europe, only wetter and snowier. This is true in spite of Nova Scotia's being some fifteen parallels south. Areas not on the Atlantic coast experience warmer summers more typical of inland areas, winter lows a little colder. Described on the provincial vehicle licence plate as Canada's Ocean Playground, Nova Scotia is surrounded by four major bodies of water: the Gulf of Saint Lawrence to the north, the Bay of Fundy to the west, the Gulf of Maine to the southwest, Atlantic Ocean to the east; the province includes regions of the Mi'kmaq nation of Mi'kma'ki. The Mi'kmaq people inhabited Nova Scotia at the time the first European colonists arrived. In 1605, French colonists established the first permanent European settlement in the future Canada at Port Royal, founding what would become known as Acadia.
The British conquest of Acadia took place in 1710. The Treaty of Utrecht in 1713 formally recognized this and returned Cape Breton Island to the French. Present-day New Brunswick still formed a part of the French colony of Acadia. After the capture of Port Royal in 1710, Francis Nicholson announced it would be renamed Annapolis Royal in honor of Queen Anne. In 1749, the capital of Nova Scotia moved from Annapolis Royal to the newly established Halifax. In 1755 the vast majority of the French population was forcibly removed in the Expulsion of the Acadians. In 1763, most of Acadia became part of Nova Scotia. In 1769, St. John's Island became a separate colony. Nova Scotia included present-day New Brunswick until that province's establishment in 1784, after the arrival of United Empire Loyalists. In 1867, Nova Scotia became one of the four founding provinces of the Canadian Confederation; the warfare on Nova Scotian soil during the 17th and 18th centuries influenced the history of Nova Scotia. The Mi'kmaq had lived in Nova Scotia for centuries.
The French arrived in 1604, Catholic Mi'kmaq and Acadians formed the majority of the population of the colony for the next 150 years. During the first 80 years the French and Acadians lived in Nova Scotia, nine significant military clashes took place as the English and Scottish and French fought for possession of the area; these encounters happened at Port Royal, Saint John, Cap de Sable and Baleine. The Acadian Civil War took place from 1640 to 1645. Beginning with King William's War in 1688, six wars took place in Nova Scotia before the British defeated the French and made peace with the Mi'kmaq: King William's War, Queen Anne's War, Father Rale's War, King George's War, Father Le Loutre’s War The Seven Years' War called the French and Indian War The battles during these wars took place Port Royal, Saint John, Chignecto, Dartmouth and Grand-Pré. Despite the British conquest of Acadia in 1710, Nova Scotia remained occupied
Brazil the Federative Republic of Brazil, is the largest country in both South America and Latin America. At 8.5 million square kilometers and with over 208 million people, Brazil is the world's fifth-largest country by area and the fifth most populous. Its capital is Brasília, its most populated city is São Paulo; the federation is composed of the union of the 26 states, the Federal District, the 5,570 municipalities. It is the largest country to have Portuguese as an official language and the only one in the Americas. Bounded by the Atlantic Ocean on the east, Brazil has a coastline of 7,491 kilometers, it borders all other South American countries except Ecuador and Chile and covers 47.3% of the continent's land area. Its Amazon River basin includes a vast tropical forest, home to diverse wildlife, a variety of ecological systems, extensive natural resources spanning numerous protected habitats; this unique environmental heritage makes Brazil one of 17 megadiverse countries, is the subject of significant global interest and debate regarding deforestation and environmental protection.
Brazil was inhabited by numerous tribal nations prior to the landing in 1500 of explorer Pedro Álvares Cabral, who claimed the area for the Portuguese Empire. Brazil remained a Portuguese colony until 1808, when the capital of the empire was transferred from Lisbon to Rio de Janeiro. In 1815, the colony was elevated to the rank of kingdom upon the formation of the United Kingdom of Portugal and the Algarves. Independence was achieved in 1822 with the creation of the Empire of Brazil, a unitary state governed under a constitutional monarchy and a parliamentary system; the ratification of the first constitution in 1824 led to the formation of a bicameral legislature, now called the National Congress. The country became a presidential republic in 1889 following a military coup d'état. An authoritarian military junta came to power in 1964 and ruled until 1985, after which civilian governance resumed. Brazil's current constitution, formulated in 1988, defines it as a democratic federal republic. Due to its rich culture and history, the country ranks thirteenth in the world by number of UNESCO World Heritage Sites.
Brazil is considered an advanced emerging economy. It has the ninth largest GDP in the world by nominal, eight and PPP measures, it is one of the world's major breadbaskets, being the largest producer of coffee for the last 150 years. It is classified as an upper-middle income economy by the World Bank and a newly industrialized country, with the largest share of global wealth in Latin America. Brazil is a regional power and sometimes considered a great or a middle power in international affairs. On account of its international recognition and influence, the country is subsequently classified as an emerging power and a potential superpower by several analysts. Brazil is a founding member of the United Nations, the G20, BRICS, Union of South American Nations, Organization of American States, Organization of Ibero-American States and the Community of Portuguese Language Countries, it is that the word "Brazil" comes from the Portuguese word for brazilwood, a tree that once grew plentifully along the Brazilian coast.
In Portuguese, brazilwood is called pau-brasil, with the word brasil given the etymology "red like an ember", formed from brasa and the suffix -il. As brazilwood produces a deep red dye, it was valued by the European textile industry and was the earliest commercially exploited product from Brazil. Throughout the 16th century, massive amounts of brazilwood were harvested by indigenous peoples along the Brazilian coast, who sold the timber to European traders in return for assorted European consumer goods; the official Portuguese name of the land, in original Portuguese records, was the "Land of the Holy Cross", but European sailors and merchants called it the "Land of Brazil" because of the brazilwood trade. The popular appellation eclipsed and supplanted the official Portuguese name; some early sailors called it the "Land of Parrots". In the Guarani language, an official language of Paraguay, Brazil is called "Pindorama"; this was the name the indigenous population gave to the region, meaning "land of the palm trees".
Some of the earliest human remains found in the Americas, Luzia Woman, were found in the area of Pedro Leopoldo, Minas Gerais and provide evidence of human habitation going back at least 11,000 years. The earliest pottery found in the Western Hemisphere was excavated in the Amazon basin of Brazil and radiocarbon dated to 8,000 years ago; the pottery was found near Santarém and provides evidence that the tropical forest region supported a complex prehistoric culture. The Marajoara culture flourished on Marajó in the Amazon delta from 800 CE to 1400 CE, developing sophisticated pottery, social stratification, large populations, mound building, complex social formations such as chiefdoms. Around the time of the Portuguese arrival, the territory of current day Brazil had an estimated indigenous population of 7 million people semi-nomadic who subsisted on hunting, fishing and migrant agriculture; the indigenous population of Brazil comprised several large indigenous ethnic groups. The Tupí people were subdivided into the Tupiniquins and Tupinambás, there were many subdivisions of the other gro
United States dollar
The United States dollar is the official currency of the United States and its territories per the United States Constitution since 1792. In practice, the dollar is divided into 100 smaller cent units, but is divided into 1000 mills for accounting; the circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars. Since the suspension in 1971 of convertibility of paper U. S. currency into any precious metal, the U. S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U. S. dollar is the world's primary reserve currency. Several countries use it as their official currency, 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 still minting their own coins, or accept U. S. dollar coins. As of June 27, 2018, there are $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes.
Article I, Section 8 of the U. S. Constitution provides that the Congress has the power "To coin money". Laws implementing this power are codified at 31 U. S. C. § 5112. Section 5112 prescribes the forms; 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 provides for the minting and issuance of other coins, which have values ranging from one cent to 100 dollars; these other coins are more described in Coins of the United States dollar. The Constitution provides that "a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time"; 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 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 9 of that act authorized the production of various coins, including "DOLLARS OR UNITS—each to be of the value of a Spanish milled dollar as the same is now current, to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver". 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 public 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. In addition to the dollar the coinage act established monetary units of mill or one-thousandth of a dollar, cent or one-hundredth of a dollar, dime or one-tenth of a dollar, eagle or ten dollars, with prescribed weights and composition of gold, silver, or copper for each, it was proposed in the mid-1800s that one hundred dollars be known as a union, but no union coins were struck and only patterns for the $50 half union exist. However, only cents are in everyday use as divisions of the dollar. XX9 per gallon, e.g. $3.599, more written as $3.599⁄10. When issued in circulating form, denominations equal to or less than a dollar are emitted as U. S. coins while denominations equal to or greater than a dollar are emitted as Federal Reserve notes. Both one-dollar coins and notes are produced today, although the note form is more common. In the past, "paper money" was issued in denominations less than a dollar and gold coins were issued for circulation up to the value of $20.
The term eagle was used in the Coinage Act of 1792 for the denomination of ten dollars, subsequently was used in naming gold coins. Paper currency less than one dollar in denomination, known as "fractional currency", was sometimes pejoratively referred to as "shinplasters". In 1854, James Guthrie Secretary of the Treasury, proposed creating $100, $50 and $25 gold coins, which were referred to as a "Union", "Half Union", "Quarter Union", thus implying a denomination of 1 Union = $100. Today, USD notes are made from cotton fiber paper, unlike most common paper, made of wood fiber. U. S. coins are produced by the United States Mint. U. S. dollar banknotes are printed by the Bureau of Engraving and Printing and, since 1914, have been issued by t