1.
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
2.
Gold standard
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A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. Three types can be distinguished, specie, bullion, and exchange, the gold bullion standard is a system in which gold coins do not circulate, but the authorities agree to sell gold bullion on demand at a fixed price in exchange for the circulating currency. The gold exchange standard usually does not involve the circulation of gold coins. This creates a de facto standard, where the value of the means of exchange has a fixed external value in terms of gold that is independent of the inherent value of the means of exchange itself. Most nations abandoned the standard as the basis of their monetary systems at some point in the 20th century. An estimated total of 174,100 tonnes of gold have been mined in human history and this is roughly equivalent to 5.6 billion troy ounces or, in terms of volume, about 9,261 cubic metres, or a cube 21 metres on a side. There are varying estimates of the volume of gold mined. One reason for the variance is that gold has been mined for thousands of years, another reason is that some nations are not particularly open about how much gold is being mined. In addition, it is difficult to account for the output in illegal mining activities. World production for 2011 was at 2,700 tonnes, since the 1950s, annual gold output growth has approximately kept pace with world population growth of around 2x, although far less than world economic growth of some 8x, or some 4x since 1980. The gold specie standard arose from the acceptance of gold as currency. Various commodities have been used as money, typically, the one that loses the least value over time becomes the accepted form, the use of gold as money began thousands of years ago in Asia Minor. During the early and high Middle Ages, the Byzantine gold solidus, commonly known as the bezant, was used widely throughout Europe, however, as the Byzantine Empires economic influence declined, so too did the use of the bezant. In its place, European territories chose silver as its currency over gold, Silver pennies based on the Roman denarius became the staple coin of Mercia in Great Britain around the time of King Offa, circa CE 757–796. Similar coins, including Italian denari, French deniers, and Spanish dineros circulated in Europe, Spanish explorers discovered silver deposits in Mexico in 1522 and at Potosí in Bolivia in 1545. International trade came to depend on such as the Spanish dollar, the Maria Theresa thaler, and later. In modern times, the British West Indies was one of the first regions to adopt a gold specie standard, following Queen Annes proclamation of 1704, the British West Indies gold standard was a de facto gold standard based on the Spanish gold doubloon. A formal gold specie standard was first established in 1821, when Britain adopted it following the introduction of the sovereign by the new Royal Mint at Tower Hill in 1816
3.
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
4.
Fixed exchange-rate system
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There are benefits and risks to using a fixed exchange rate. In doing so, the rate between the currency and its peg does not change based on market conditions, the way floating currencies do. A fixed exchange-rate system can also be used as a means to control the behavior of a currency, however, in doing so, the pegged currency is then controlled by its reference value. In other words, a currency is dependent on its reference value to dictate how its current worth is defined at any given time. The central bank provides the assets and/or the foreign currency or currencies which are needed in order to any payments imbalances. In the 21st century, the associated with large economies typically do not fix or peg exchange rates to other currencies. The last large economy to use a fixed exchange system was the Peoples Republic of China which, in July 2005. The European Exchange Rate Mechanism is also used on a basis to establish a final conversion rate against the Euro from the local currencies of countries joining the Eurozone. The gold standard or gold standard of fixed exchange rates prevailed from about 1870 to 1914. The period between the two wars was transitory, with the Bretton Woods system emerging as the new fixed exchange rate regime in the aftermath of World War II. It was formed with an intent to rebuild war-ravaged nations after World War II through a series of currency stabilization programs, the early 1970s saw the breakdown of the system and its replacement by a mixture of fluctuating and fixed exchange rates. Timeline of the exchange rate system, The earliest establishment of a gold standard was in the United Kingdom in 1821 followed by Australia in 1852. Under this system, the value of all currencies was denominated in terms of gold with central banks ready to buy. Each central bank maintained gold reserves as their official reserve asset, for example, during the “classical” gold standard period, the U. S. dollar was defined as 0.048 troy oz. of pure gold. Following the Second World War, the Bretton Woods system replaced gold with the U. S. dollar as the reserve asset. The regime intended to combine binding legal obligations with multilateral decision-making through the International Monetary Fund, the rules of this system were set forth in the articles of agreement of the IMF and the International Bank for Reconstruction and Development. S. Dollar and to exchange rates within 1% of parity by intervening in their foreign exchange markets. In December 1971, the Smithsonian Agreement paved the way for the increase in the value of the price of gold from US$35.50 to US$38 an ounce
5.
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
6.
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
7.
World War II
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World War II, also known as the Second World War, was a global war that lasted from 1939 to 1945, although related conflicts began earlier. It involved the vast majority of the worlds countries—including all of the great powers—eventually forming two opposing alliances, the Allies and the Axis. It was the most widespread war in history, and directly involved more than 100 million people from over 30 countries. Marked by mass deaths of civilians, including the Holocaust and the bombing of industrial and population centres. These made World War II the deadliest conflict in human history, from late 1939 to early 1941, in a series of campaigns and treaties, Germany conquered or controlled much of continental Europe, and formed the Axis alliance with Italy and Japan. Under the Molotov–Ribbentrop Pact of August 1939, Germany and the Soviet Union partitioned and annexed territories of their European neighbours, Poland, Finland, Romania and the Baltic states. In December 1941, Japan attacked the United States and European colonies in the Pacific Ocean, and quickly conquered much of the Western Pacific. The Axis advance halted in 1942 when Japan lost the critical Battle of Midway, near Hawaii, in 1944, the Western Allies invaded German-occupied France, while the Soviet Union regained all of its territorial losses and invaded Germany and its allies. During 1944 and 1945 the Japanese suffered major reverses in mainland Asia in South Central China and Burma, while the Allies crippled the Japanese Navy, thus ended the war in Asia, cementing the total victory of the Allies. World War II altered the political alignment and social structure of the world, the United Nations was established to foster international co-operation and prevent future conflicts. The victorious great powers—the United States, the Soviet Union, China, the United Kingdom, the Soviet Union and the United States emerged as rival superpowers, setting the stage for the Cold War, which lasted for the next 46 years. Meanwhile, the influence of European great powers waned, while the decolonisation of Asia, most countries whose industries had been damaged moved towards economic recovery. Political integration, especially in Europe, emerged as an effort to end pre-war enmities, the start of the war in Europe is generally held to be 1 September 1939, beginning with the German invasion of Poland, Britain and France declared war on Germany two days later. The dates for the beginning of war in the Pacific include the start of the Second Sino-Japanese War on 7 July 1937, or even the Japanese invasion of Manchuria on 19 September 1931. Others follow the British historian A. J. P. Taylor, who held that the Sino-Japanese War and war in Europe and its colonies occurred simultaneously and this article uses the conventional dating. Other starting dates sometimes used for World War II include the Italian invasion of Abyssinia on 3 October 1935. The British historian Antony Beevor views the beginning of World War II as the Battles of Khalkhin Gol fought between Japan and the forces of Mongolia and the Soviet Union from May to September 1939, the exact date of the wars end is also not universally agreed upon. It was generally accepted at the time that the war ended with the armistice of 14 August 1945, rather than the formal surrender of Japan
8.
Exchange control
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Foreign exchange controls are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents. Such controls used to be common in most countries, particularly poorer ones, until the 1990s when free trade, today, countries which still impose exchange controls are the exception rather than the rule. Often, foreign exchange controls can result in the creation of markets to exchange the weaker currency for stronger currencies. This leads to a situation where the rate for the foreign currency is much higher than the rate set by the government. As such, it is unclear whether governments have the ability to enact effective exchange controls, note that this list is very incomplete. Currency transaction tax Financial transaction tax Spahn tax Sterling Area Tobin tax
9.
Canada
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Canada is a country in the northern half of North America. Canadas border with the United States is the worlds longest binational land border, the majority of the country has a cold or severely cold winter climate, but southerly areas are warm in summer. Canada is sparsely populated, the majority of its territory being dominated by forest and tundra. It is highly urbanized with 82 per cent of the 35.15 million people concentrated in large and medium-sized cities, One third of the population lives in the three largest cities, Toronto, Montreal and Vancouver. Its capital is Ottawa, and other urban areas include Calgary, Edmonton, Quebec City, Winnipeg. Various aboriginal peoples had inhabited what is now Canada for thousands of years prior to European colonization. Pursuant to the British North America Act, on July 1,1867, the colonies of Canada, New Brunswick and this began an accretion of provinces and territories to the mostly self-governing Dominion to the present ten provinces and three territories forming modern Canada. With the Constitution Act 1982, Canada took over authority, removing the last remaining ties of legal dependence on the Parliament of the United Kingdom. Canada is a parliamentary democracy and a constitutional monarchy, with Queen Elizabeth II being the head of state. The country is officially bilingual at the federal level and it is one of the worlds most ethnically diverse and multicultural nations, the product of large-scale immigration from many other countries. Its advanced economy is the eleventh largest in the world, relying chiefly upon its abundant natural resources, Canadas long and complex relationship with the United States has had a significant impact on its economy and culture. Canada is a country and has the tenth highest nominal per capita income globally as well as the ninth highest ranking in the Human Development Index. It ranks among the highest in international measurements of government transparency, civil liberties, quality of life, economic freedom, Canada is an influential nation in the world, primarily due to its inclusive values, years of prosperity and stability, stable economy, and efficient military. While a variety of theories have been postulated for the origins of Canada. In 1535, indigenous inhabitants of the present-day Quebec City region used the word to direct French explorer Jacques Cartier to the village of Stadacona, from the 16th to the early 18th century Canada referred to the part of New France that lay along the St. Lawrence River. In 1791, the area became two British colonies called Upper Canada and Lower Canada collectively named The Canadas, until their union as the British Province of Canada in 1841. Upon Confederation in 1867, Canada was adopted as the name for the new country at the London Conference. The transition away from the use of Dominion was formally reflected in 1982 with the passage of the Canada Act, later that year, the name of national holiday was changed from Dominion Day to Canada Day
10.
Dominion of Newfoundland
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Newfoundland was a British dominion from 1907 to 1949. The dominion was situated in northeastern North America along the Atlantic coast and comprised the island of Newfoundland, before attaining dominion status, Newfoundland was a British colony, self-governing from 1855. Newfoundland was one of the dominions within the meaning of the Statute of Westminster of 1931. In 1934, Newfoundland became the only dominion to give up its self-governing status and this episode was precipitated by a crisis in Newfoundlands public finances in 1932. Newfoundland had accumulated a significant amount of debt by building a railroad across the island, in November of that year, the government warned that Newfoundland would default on payments on the public debt. The United Kingdom government quickly established the Newfoundland Royal Commission to inquire, the Commissions report was published in October 1933. It recommended that Newfoundland give up its system of self-government temporarily, the dominion was never to be self-governing again. The system of a six-member Commission of Government continued to govern Newfoundland until it joined Canada in 1949 to become Canadas tenth province, the official name of the dominion was “Newfoundland” and not, as is sometimes reported, “Dominion of Newfoundland”. In 1854 the British government established Newfoundlands responsible government, in 1855, Philip Francis Little, a native of Prince Edward Island, won a parliamentary majority over Sir Hugh Hoyles and the Conservatives. Little formed the first administration from 1855 to 1858, Newfoundland rejected confederation with Canada in the 1869 general election. Prime Minister of Canada Sir John Thompson came very close to negotiating Newfoundlands entry into confederation in 1892 and it remained a colony until acquiring dominion status in 1907 after the 1907 Imperial Conference decided to confer dominion status on all self-governing colonies. The annual holiday of Dominion Day was celebrated each 26 September to commemorate the occasion, Newfoundlands own regiment, the 1st Newfoundland Regiment, fought in the First World War. On 1 July 1916, the German Army wiped out most of that regiment at Beaumont Hamel on the first day on the Somme, yet the regiment went on to serve with distinction in several subsequent battles, earning the prefix Royal. In the 1920s, political scandals wracked the dominion, in 1923, the attorney general arrested Newfoundlands prime minister Sir Richard Squires on charges of corruption. Despite his release soon after on bail, the British-led Hollis Walker commission reviewed the scandal, soon after, the Squires government fell. Squires returned to power in 1928 because of the unpopularity of his successors, Alderdice, but found himself governing a country suffering from the Great Depression. Prior to 1867, the Quebec North Shore portion of the Labrador coast had shuttled back, maps up to 1927 showed the coastal region as part of Newfoundland, with an undefined boundary. Quebec has long rejected the outcome, and Quebecs provincially issued maps do not mark the boundary in the way as boundaries with Ontario
11.
Bank of England
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The Bank of England, formally the Governor and Company of the Bank of England, is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world, after the Sveriges Riksbank, and it was established to act as the English Governments banker and is still one of the bankers for the Government of the United Kingdom. The Bank was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946, in 1998, it became an independent public organisation, wholly owned by the Treasury Solicitor on behalf of the government, with independence in setting monetary policy. The Banks Monetary Policy Committee has a responsibility for managing monetary policy. The Banks Financial Policy Committee held its first meeting in June 2011 as a macro prudential regulator to oversee regulation of the UKs financial sector, the Banks headquarters have been in Londons main financial district, the City of London, on Threadneedle Street, since 1734. It is sometimes known by the metonym The Old Lady of Threadneedle Street or The Old Lady, the busy road junction outside is known as Bank junction. Until 2016, the bank provided banking services as a popular privilege for employees. Englands crushing defeat by France, the dominant naval power, in naval engagements culminating in the 1690 Battle of Beachy Head, England had no choice but to build a powerful navy. No public funds were available, and the credit of William IIIs government was so low in London that it was impossible for it to borrow the £1,200,000 that the government wanted. To induce subscription to the loan, the subscribers were to be incorporated by the name of the Governor, the Bank was given exclusive possession of the governments balances, and was the only limited-liability corporation allowed to issue bank notes. The lenders would give the government cash and issue notes against the government bonds, the £1. 2m was raised in 12 days, half of this was used to rebuild the navy. This helped the new Kingdom of Great Britain – England and Scotland were formally united in 1707 – to become powerful, the power of the navy made Britain the dominant world power in the late 18th and early 19th centuries. The establishment of the bank was devised by Charles Montagu, 1st Earl of Halifax, the plan of 1691, which had been proposed by William Paterson three years before, had not then been acted upon. The Royal Charter was granted on 27 July through the passage of the Tonnage Act 1694, the first governor was Sir John Houblon, who is depicted in the £50 note issued in 1994. The charter was renewed in 1742,1764, and 1781, the Bank moved to its current location in Threadneedle Street in 1734, and thereafter slowly acquired neighbouring land to create the edifice seen today. When the idea and reality of the National Debt came about during the 18th century, the 1844 Bank Charter Act tied the issue of notes to the gold reserves and gave the Bank sole rights with regard to the issue of banknotes. Private banks that had previously had that right retained it, provided that their headquarters were outside London, a few English banks continued to issue their own notes until the last of them was taken over in the 1930s. Scottish and Northern Irish private banks still have that right, the bank acted as lender of last resort for the first time in the panic of 1866
12.
London
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London /ˈlʌndən/ is the capital and most populous city of England and the United Kingdom. Standing on the River Thames in the south east of the island of Great Britain and it was founded by the Romans, who named it Londinium. Londons ancient core, the City of London, largely retains its 1. 12-square-mile medieval boundaries. London is a global city in the arts, commerce, education, entertainment, fashion, finance, healthcare, media, professional services, research and development, tourism. It is crowned as the worlds largest financial centre and has the fifth- or sixth-largest metropolitan area GDP in the world, London is a world cultural capital. It is the worlds most-visited city as measured by international arrivals and has the worlds largest city airport system measured by passenger traffic, London is the worlds leading investment destination, hosting more international retailers and ultra high-net-worth individuals than any other city. Londons universities form the largest concentration of education institutes in Europe. In 2012, London became the first city to have hosted the modern Summer Olympic Games three times, London has a diverse range of people and cultures, and more than 300 languages are spoken in the region. Its estimated mid-2015 municipal population was 8,673,713, the largest of any city in the European Union, Londons urban area is the second most populous in the EU, after Paris, with 9,787,426 inhabitants at the 2011 census. The citys metropolitan area is the most populous in the EU with 13,879,757 inhabitants, the city-region therefore has a similar land area and population to that of the New York metropolitan area. London was the worlds most populous city from around 1831 to 1925, Other famous landmarks include Buckingham Palace, the London Eye, Piccadilly Circus, St Pauls Cathedral, Tower Bridge, Trafalgar Square, and The Shard. The London Underground is the oldest underground railway network in the world, the etymology of London is uncertain. It is an ancient name, found in sources from the 2nd century and it is recorded c.121 as Londinium, which points to Romano-British origin, and hand-written Roman tablets recovered in the city originating from AD 65/70-80 include the word Londinio. The earliest attempted explanation, now disregarded, is attributed to Geoffrey of Monmouth in Historia Regum Britanniae and this had it that the name originated from a supposed King Lud, who had allegedly taken over the city and named it Kaerlud. From 1898, it was accepted that the name was of Celtic origin and meant place belonging to a man called *Londinos. The ultimate difficulty lies in reconciling the Latin form Londinium with the modern Welsh Llundain, which should demand a form *lōndinion, from earlier *loundiniom. The possibility cannot be ruled out that the Welsh name was borrowed back in from English at a later date, and thus cannot be used as a basis from which to reconstruct the original name. Until 1889, the name London officially applied only to the City of London, two recent discoveries indicate probable very early settlements near the Thames in the London area
13.
Bretton Woods system
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The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent nation-states. Also, there was a need to address the lack of cooperation among other countries, the delegates deliberated during 1–22 July 1944, and signed the Bretton Woods agreement on its final day. The United States, which controlled two thirds of the gold, insisted that the Bretton Woods system rest on both gold and the US dollar. Soviet representatives attended the conference but later declined to ratify the final agreements and these organizations became operational in 1945 after a sufficient number of countries had ratified the agreement. On 15 August 1971, the United States unilaterally terminated convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency. This action, referred to as the Nixon shock, created the situation in which the US dollar became a currency used by many states. At the same time, many fixed currencies also became free-floating, there was a high level of agreement among the powerful nations that failure to coordinate exchange rates during the interwar period had exacerbated political tensions. This facilitated the decisions reached by the Bretton Woods Conference, furthermore, all the participating governments at Bretton Woods agreed that the monetary chaos of the interwar period had yielded several valuable lessons. The experience of World War II was fresh in the minds of public officials, the planners at Bretton Woods hoped to avoid a repeat of the Treaty of Versailles after World War I, which had created enough economic and political tension to lead to WWII. The solution at Versailles for the French, British, and Americans seemed to be make Germany pay for it all, if the demands on Germany were unrealistic, then it was unrealistic for France to pay back Britain, and for Britain to pay back the US. Thus, many assets on bank balance sheets internationally were actually unrecoverable loans, in the 1920s, international flows of speculative financial capital increased, leading to extremes in balance of payments situations in various European countries and the US. In the 1930s, world markets never broke through the barriers and restrictions on trade and investment volume – barriers haphazardly constructed. The lesson was that simply having responsible, hard-working central bankers was not enough, Britain in the 1930s had an exclusionary trading bloc with nations of the British Empire known as the Sterling Area. If Britain imported more than it exported to, say, South Africa and this meant that though Britain was running a trade deficit, it had a financial account surplus, and payments balanced. Increasingly, Britains positive balance of payments required keeping the wealth of Empire nations in British banks, one incentive for, say, South African holders of rand to park their wealth in London and to keep the money in Sterling, was a strongly valued pound sterling. Unfortunately, as Britain deindustrialized in the 1920s, the way out of the deficit was to devalue the currency. But Britain couldnt devalue, or the Empire surplus would leave its banking system, nazi Germany also worked with a bloc of controlled nations by 1940. Germany forced trading partners with a surplus to spend that surplus importing products from Germany, thus, Britain survived by keeping Sterling nation surpluses in its banking system, and Germany survived by forcing trading partners to purchase its own products
14.
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
15.
Gold
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Gold is a chemical element with symbol Au and atomic number 79. In its purest form, it is a bright, slightly yellow, dense, soft, malleable. Chemically, gold is a metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions, Gold often occurs in free elemental form, as nuggets or grains, in rocks, in veins, and in alluvial deposits. It occurs in a solid solution series with the element silver and also naturally alloyed with copper. Less commonly, it occurs in minerals as gold compounds, often with tellurium, golds atomic number of 79 makes it one of the higher numbered, naturally occurring elements. It is thought to have produced in supernova nucleosynthesis, from the collision of neutron stars. Because the Earth was molten when it was formed, almost all of the present in the early Earth probably sank into the planetary core. Gold is resistant to most acids, though it does dissolve in aqua regia, a mixture of acid and hydrochloric acid. Gold also dissolves in solutions of cyanide, which are used in mining and electroplating. Gold dissolves in mercury, forming amalgam alloys, but this is not a chemical reaction, as a precious metal, gold has been used for coinage, jewelry, and other arts throughout recorded history. A total of 186,700 tonnes of gold is in existence above ground, the world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry. Gold is also used in infrared shielding, colored-glass production, gold leafing, certain gold salts are still used as anti-inflammatories in medicine. As of 2014, the worlds largest gold producer by far was China with 450 tonnes, Gold is cognate with similar words in many Germanic languages, deriving via Proto-Germanic *gulþą from Proto-Indo-European *ǵʰelh₃-. The symbol Au is from the Latin, aurum, the Latin word for gold, the Proto-Indo-European ancestor of aurum was *h₂é-h₂us-o-, meaning glow. This word is derived from the root as *h₂éu̯sōs, the ancestor of the Latin word Aurora. This etymological relationship is presumably behind the frequent claim in scientific publications that aurum meant shining dawn, Gold is the most malleable of all metals, a single gram can be beaten into a sheet of 1 square meter, and an avoirdupois ounce into 300 square feet. Gold leaf can be thin enough to become semi-transparent
16.
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%
17.
Isle of Man
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The Isle of Man, also known simply as Mann, is a self-governing crown dependency in the Irish Sea between England and Northern Ireland. The head of state is Queen Elizabeth II, who holds the title of Lord of Mann, the Lord of Mann is represented by a Lieutenant Governor. Foreign relations and defence are the responsibility of the British Government, the island has been inhabited since before 6500 BC. Gaelic cultural influence began in the 5th century and the Manx language, in 627, Edwin of Northumbria conquered the Isle of Man along with most of Mercia. In the 9th century, Norsemen established the Kingdom of the Isles, magnus III, King of Norway, was also known as King of Mann and the Isles between 1099 and 1103. In 1266, the became part of Scotland under the Treaty of Perth. After a period of alternating rule by the kings of Scotland and England, the short form often used in English, Mann, is derived from the Manx Mannin, though sometimes the name is written as Man. The earliest recorded Manx form of the name is Manu or Mana, the Old Irish form of the name is Manau or Mano. Old Welsh records named it as Manaw, also reflected in Manaw Gododdin, the name for an ancient district in north Britain along the lower Firth of Forth. The oldest known reference to the calls it Mona, in Latin, in the 1st century CE, Pliny the Elder records it as Monapia or Monabia. Later Latin references have Mevania or Mænavia, and Eubonia or Eumonia by Irish writers and it is found in the Sagas of Icelanders as Mön. The name is cognate with the Welsh name of the island of Anglesey, Ynys Môn, usually derived from a Celtic word for mountain. The name was at least secondarily associated with that of Manannán mac Lir in Irish mythology, later, a Manannán is recorded as the first king of Mann in a Manx poem. The island was cut off from the islands around 8000 BC. The first residents were hunter gatherers and fishermen, examples of their tools are kept at the Manx Museum. There were also the local Ronaldsway and Bann cultures, during the Bronze Age, burial mounds became smaller. Bodies were put in stone-lined graves with ornamental containers, the Bronze Age burial mounds created long-lasting markers around the countryside. The ancient Romans knew of the island and called it Insula Manavia although it is whether they conquered the island
18.
Crown dependencies
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The Crown dependencies are the Isle of Man in the Irish Sea and the Bailiwicks of Jersey and Guernsey in the English Channel. Being independently administered jurisdictions, they do not form part of either the United Kingdom or the British Overseas Territories and they are self-governing possessions of the Crown. Internationally, the dependencies are considered territories for which the United Kingdom is responsible rather than as sovereign states, as a result, they are not member states of the Commonwealth of Nations. However, they do have a relationship with the Commonwealth, the European Union and they are not part of the European Union, although they are within the EUs customs area. In each case, the head of government is referred to as a Chief Minister, the Crown is defined differently in each crown dependency. Legislation of the Isle of Man defines the Crown in right of the Isle of Man as being separate from the Crown in right of the United Kingdom and this constitutional concept is also worded as the Crown in right of the Bailiwick of Guernsey. Each Bailiwick is a Crown dependency and each is headed by a Bailiff, each Bailiwick has its own legal and healthcare systems, and their own separate immigration policies, with local status in one Bailiwick having no jurisdiction in the other. The two Bailiwicks exercise bilateral double taxation treaties, since 1961, the Bailiwicks have had separate courts of appeal, but generally the Bailiff of each Bailiwick has been appointed to serve on the panel of appellate judges for the other Bailiwick. The Bailiwick of Guernsey comprises three separate jurisdictions, Guernsey, which also the nearby islands of Herm and Jethou. Sark, which includes the nearby island of Brecqhou. Alderney, including smaller surrounding uninhabited islands, the parliament of Guernsey is the States of Deliberation, the parliament of Sark is called the Chief Pleas, and the parliament of Alderney is called the States of Alderney. The three parliaments together can also approve joint Bailiwick-wide legislation that applies in those parts of the Bailiwick whose parliaments approve it. Guernsey issues its own coins and banknotes, Guernsey banknotes Coins of the Guernsey pound These circulate freely in both Bailiwicks alongside UK coinage and English and Scottish banknotes and they are not legal tender within the UK. There are no parties in any of the parliaments, candidates stand for election as independents. e. 5432 on 2 wheels and on 4 wheels, the Bailiwick of Jersey consists of the island of Jersey and a number of surrounding uninhabited islands. The parliament is the States of Jersey, the first known mention of which is in a document of 1497, Jersey issues its own coins and banknotes, Jersey banknotes Coins of the Jersey pound These circulate freely in both Bailiwicks alongside UK coinage and English and Scottish banknotes. They are not legal tender within the UK but are legal currency backed by deposits at the Bank of England, there are few political parties, as candidates generally stand for election as independents. The Isle of Mans Tynwald claims to be the worlds oldest parliament in continuous existence, candidates often stand for election as independents, rather than being selected by political parties
19.
Channel Islands
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The Channel Islands are an archipelago in the English Channel, off the French coast of Normandy. They are considered the remnants of the Duchy of Normandy, and although they are not part of the United Kingdom, it is responsible for the defence, the Crown dependencies are not members of the Commonwealth of Nations nor of the European Union. They have a population of about 168,000. The total area of the islands is 198 km2, the two bailiwicks have been administered separately since the late 13th century, each has its own independent laws, elections, and representative bodies. Any institution common to both is the rather than the rule. The Bailiwick of Guernsey is divided into three jurisdictions – Guernsey, Alderney and Sark – each with its own legislature, the term Channel Islands began to be used around 1830, possibly first by the Royal Navy as a collective name for the islands. The permanently inhabited islands of the Channel Islands are, Jersey Guernsey Alderney Sark Herm Jethou Brecqhou There are also several uninhabited islets and they are an incorporated part of the commune of Granville. While they are popular with visitors from France, Channel Islanders rarely visit them as there are no transport links from the other islands. Chausey is referred to as an Île normande, Îles Normandes and Archipel Normand have also, historically, been used in Channel Island French to refer to the islands as a whole. The lowest point is the Atlantic Ocean, the earliest evidence of human occupation of the Channel Islands has been dated to 250,000 years ago when they were attached to the landmass of continental Europe. The islands became detached by rising sea levels in the Neolithic period, hoards of Armorican coins have been excavated, providing evidence of trade and contact in the Iron Age period. Evidence for Roman settlement is sparse, although evidently the islands were visited by Roman officials, the Roman name for the Channel Islands was I. Lenuri and is included in the Peutinger Table The traditional Latin names used for the islands derive from the Antonine Itinerary, gallo-Roman culture was adopted to an unknown extent in the islands. In the sixth century, Christian missionaries visited the islands, samson of Dol, Helier, Marculf and Magloire are among saints associated with the islands. In the sixth century, they were included in the diocese of Coutances where they remained until reformation. The islands were inhabited by Britons, who also inhabited Wales, south west England, from the beginning of the ninth century, Norse raiders appeared on the coasts. Norse settlement succeeded initial attacks, and it is from this period that many names of Norse origin appear. In 933, the islands were granted to William I Longsword by Raoul King of Western Francia, in 1066, William II of Normandy invaded and conquered England, becoming William I of England, also known as William the Conqueror
20.
World War I
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World War I, also known as the First World War, the Great War, or the War to End All Wars, was a global war originating in Europe that lasted from 28 July 1914 to 11 November 1918. More than 70 million military personnel, including 60 million Europeans, were mobilised in one of the largest wars in history and it was one of the deadliest conflicts in history, and paved the way for major political changes, including revolutions in many of the nations involved. The war drew in all the worlds great powers, assembled in two opposing alliances, the Allies versus the Central Powers of Germany and Austria-Hungary. These alliances were reorganised and expanded as more nations entered the war, Italy, Japan, the trigger for the war was the assassination of Archduke Franz Ferdinand of Austria, heir to the throne of Austria-Hungary, by Yugoslav nationalist Gavrilo Princip in Sarajevo on 28 June 1914. This set off a crisis when Austria-Hungary delivered an ultimatum to the Kingdom of Serbia. Within weeks, the powers were at war and the conflict soon spread around the world. On 25 July Russia began mobilisation and on 28 July, the Austro-Hungarians declared war on Serbia, Germany presented an ultimatum to Russia to demobilise, and when this was refused, declared war on Russia on 1 August. Germany then invaded neutral Belgium and Luxembourg before moving towards France, after the German march on Paris was halted, what became known as the Western Front settled into a battle of attrition, with a trench line that changed little until 1917. On the Eastern Front, the Russian army was successful against the Austro-Hungarians, in November 1914, the Ottoman Empire joined the Central Powers, opening fronts in the Caucasus, Mesopotamia and the Sinai. In 1915, Italy joined the Allies and Bulgaria joined the Central Powers, Romania joined the Allies in 1916, after a stunning German offensive along the Western Front in the spring of 1918, the Allies rallied and drove back the Germans in a series of successful offensives. By the end of the war or soon after, the German Empire, Russian Empire, Austro-Hungarian Empire, national borders were redrawn, with several independent nations restored or created, and Germanys colonies were parceled out among the victors. During the Paris Peace Conference of 1919, the Big Four imposed their terms in a series of treaties, the League of Nations was formed with the aim of preventing any repetition of such a conflict. This effort failed, and economic depression, renewed nationalism, weakened successor states, and feelings of humiliation eventually contributed to World War II. From the time of its start until the approach of World War II, at the time, it was also sometimes called the war to end war or the war to end all wars due to its then-unparalleled scale and devastation. In Canada, Macleans magazine in October 1914 wrote, Some wars name themselves, during the interwar period, the war was most often called the World War and the Great War in English-speaking countries. Will become the first world war in the sense of the word. These began in 1815, with the Holy Alliance between Prussia, Russia, and Austria, when Germany was united in 1871, Prussia became part of the new German nation. Soon after, in October 1873, German Chancellor Otto von Bismarck negotiated the League of the Three Emperors between the monarchs of Austria-Hungary, Russia and Germany
21.
City of London
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The City of London is a city and county within London. It constituted most of London from its settlement by the Romans in the 1st century AD to the Middle Ages, the City is now only a tiny part of the metropolis of London, though it remains a notable part of central London. Administratively, it one of the 33 local authority districts of Greater London, however, the City of London is not a London borough. The City of London is widely referred to simply as the City and is colloquially known as the Square Mile. Both of these terms are often used as metonyms for the United Kingdoms trading and financial services industries. The name London is now used for a far wider area than just the City. London most often denotes the sprawling London metropolis, or the 32 London boroughs and this wider usage of London is documented as far back as 1888, when the County of London was created. The local authority for the City, namely the City of London Corporation, is unique in the UK and has some unusual responsibilities for a local council and it is also unusual in having responsibilities and ownerships beyond its boundaries. The Corporation is headed by the Lord Mayor of the City of London, the current Lord Mayor, as of November 2016, is Andrew Parmley. The City is a business and financial centre. Throughout the 19th century, the City was the primary business centre. London came top in the Worldwide Centres of Commerce Index, published in 2008, the insurance industry is focused around the eastern side of the City, around Lloyds building. A secondary financial district exists outside of the City, at Canary Wharf,2.5 miles to the east, the City has a resident population of about 7,000 but over 300,000 people commute to and work there, mainly in the financial services sector. It used to be held that Londinium was first established by merchants as a trading port on the tidal Thames in around 47 AD. However, this date is only supposition, many historians now believe London was founded some time before the Roman conquest of Britain in 43 AD. They base this notion on evidence provided by both archaeology and Welsh literary legend, archaeologists have claimed that as much as half of the best British Iron Age art and metalwork discovered in Britain has been found in the London area. One of the most prominent examples is the famously horned Waterloo Helmet dredged from the Thames in the early 1860s and now exhibited at the British Museum. Also, according to an ancient Welsh legend, a king named Lud son of Heli substantially enlarged and improved a pre-existing settlement at London which afterwards came to be renamed after him, the same tradition relates how this Lud son of Heli was later buried at Ludgate
22.
Australia
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Australia, officially the Commonwealth of Australia, is a country comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands. It is the worlds sixth-largest country by total area, the neighbouring countries are Papua New Guinea, Indonesia and East Timor to the north, the Solomon Islands and Vanuatu to the north-east, and New Zealand to the south-east. Australias capital is Canberra, and its largest urban area is Sydney, for about 50,000 years before the first British settlement in the late 18th century, Australia was inhabited by indigenous Australians, who spoke languages classifiable into roughly 250 groups. The population grew steadily in subsequent decades, and by the 1850s most of the continent had been explored, on 1 January 1901, the six colonies federated, forming the Commonwealth of Australia. Australia has since maintained a liberal democratic political system that functions as a federal parliamentary constitutional monarchy comprising six states. The population of 24 million is highly urbanised and heavily concentrated on the eastern seaboard, Australia has the worlds 13th-largest economy and ninth-highest per capita income. With the second-highest human development index globally, the country highly in quality of life, health, education, economic freedom. The name Australia is derived from the Latin Terra Australis a name used for putative lands in the southern hemisphere since ancient times, the Dutch adjectival form Australische was used in a Dutch book in Batavia in 1638, to refer to the newly discovered lands to the south. On 12 December 1817, Macquarie recommended to the Colonial Office that it be formally adopted, in 1824, the Admiralty agreed that the continent should be known officially as Australia. The first official published use of the term Australia came with the 1830 publication of The Australia Directory and these first inhabitants may have been ancestors of modern Indigenous Australians. The Torres Strait Islanders, ethnically Melanesian, were originally horticulturists, the northern coasts and waters of Australia were visited sporadically by fishermen from Maritime Southeast Asia. The first recorded European sighting of the Australian mainland, and the first recorded European landfall on the Australian continent, are attributed to the Dutch. The first ship and crew to chart the Australian coast and meet with Aboriginal people was the Duyfken captained by Dutch navigator, Willem Janszoon. He sighted the coast of Cape York Peninsula in early 1606, the Dutch charted the whole of the western and northern coastlines and named the island continent New Holland during the 17th century, but made no attempt at settlement. William Dampier, an English explorer and privateer, landed on the north-west coast of New Holland in 1688, in 1770, James Cook sailed along and mapped the east coast, which he named New South Wales and claimed for Great Britain. The first settlement led to the foundation of Sydney, and the exploration, a British settlement was established in Van Diemens Land, now known as Tasmania, in 1803, and it became a separate colony in 1825. The United Kingdom formally claimed the part of Western Australia in 1828. Separate colonies were carved from parts of New South Wales, South Australia in 1836, Victoria in 1851, the Northern Territory was founded in 1911 when it was excised from South Australia
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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
24.
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
25.
Capital flight
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Capital flight, in economics, occurs when assets or money rapidly flow out of a country, due to an event of economic consequence. This leads to decreases in the purchasing power of the countrys assets and makes it increasingly expensive to import goods and acquire any form of foreign facilities. Capital flight may be legal or illegal under domestic law and it is indicated as missing money from a nations balance of payments. Capital flight is also used to refer to the removal of wealth. Post-apartheid South African cities are probably the most visible example of this phenomenon, the flight of capital from central cities to the suburbs that ring them was also common throughout the second half of the twentieth century in the United States. Countries with resource-based economies experience the largest capital flight, a classical view on capital flight is that it is currency speculation that drives significant cross-border movements of private funds, enough to affect financial markets. The presence of capital flight indicates the need for policy reform, in 1995, the International Monetary Fund estimated that capital flight amounted to roughly half of the outstanding foreign debt of the most heavily indebted countries of the world. Capital flight was seen in some Asian and Latin American markets in the 1990s, the Argentine economic crisis of 2001 was in part the result of massive capital flight, induced by fears that Argentina would default on its external debt. This was also seen in Venezuela in the early 1980s with one years total export income leaving through illegal capital flight. In the last quarter of the 20th century, capital flight was observed from countries that offer low or negative real interest rate to countries that offer real interest rate. A2006 article in The Washington Post gave several examples of private capital leaving France in response to the wealth tax. A2008 paper published by Global Financial Integrity estimated capital flight and this corresponds to a figure of £2bn in the equivalent six months in the preceding year. Global Financial Integrity, Studies and works to curtail illicit capital flight from developing countries
26.
Hong Kong
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Hong Kong, officially the Hong Kong Special Administrative Region of the Peoples Republic of China, is an autonomous territory on the Pearl River Delta of East Asia. Macau lies across the delta to the west, and the Chinese province of Guangdong borders the territory to the north. With a total area of 1,106 square kilometres. Hong Kong was later occupied by Japan during World War II until British control resumed in 1945, under the principle of one country, two systems, Hong Kong maintains a separate political and economic system from China. Except in military defence and foreign affairs, Hong Kong maintains its independent executive, legislative, in addition, Hong Kong develops relations directly with foreign states and international organisations in a broad range of appropriate fields. Hong Kong is one of the worlds most significant financial centres, with the highest Financial Development Index score and consistently ranks as the worlds most competitive and freest economic entity. As the worlds 8th largest trading entity, its legal tender, Hong Kongs tertiary sector dominated economy is characterised by simple taxation with a competitive level of corporate tax and supported by its independent judiciary system. However, while Hong Kong has one of the highest per capita incomes in the world and it has a very high Human Development Index ranking and the worlds longest life expectancy. Over 90% of the population use of well-developed public transportation. Seasonal air pollution with origins from neighbouring areas of Mainland China. Hong Kong was officially recorded in the 1842 Treaty of Nanking to encompass the entirety of the island, before 1842, the name referred to a small inlet—now Aberdeen Harbour, literally means Little Hong Kong)—between Aberdeen Island and the southern coast of Hong Kong Island. Aberdeen was a point of contact between British sailors and local fishermen. Detailed and accurate romanisation systems for Cantonese were available and in use at the time, fragrance may refer to the sweet taste of the harbours fresh water estuarine influx of the Pearl River or to the incense from factories lining the coast of northern Kowloon. The incense was stored near Aberdeen Harbour for export before Hong Kong developed Victoria Harbour, the name had often been written as the single word Hongkong until the government adopted the current form in 1926. Nevertheless, a number of century-old institutions still retain the form, such as the Hongkong Post, Hongkong Electric. As of 1997, its name is the Hong Kong Special Administrative Region of the Peoples Republic of China. This is the title as mentioned in the Hong Kong Basic Law. Hong Kong has carried many nicknames, the most famous among those is the Pearl of the Orient, which reflected the impressive nightscape of the citys light decorations on the skyscrapers along both sides of the Victoria Harbour
27.
Economic history of the United Kingdom
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The economic history of the United Kingdom deals with the economic history of England and Great Britain from 1500 to the early 21st century. After becoming one of the most prosperous regions in Europe between 1600 and 1700, Britain led the industrial revolution and dominated the European and world economy during the 19th century. It was the innovator in machinery such as steam engines, textile equipment. It invented the system and built much of the equipment used by other nations. As well it was a leader in international and domestic banking, entrepreneurship and it built a global British Empire. After 1840 it abandoned mercantilism and practised free trade, with no tariffs or quotas or restrictions, the powerful Royal Navy protected its global holdings, while its legal system provided a system for resolving disputes inexpensively. Between 1870 and 1900, economic output per head of population in Britain and Ireland rose by 500 per cent, however, from the late 19th century onwards Britain experienced a relative economic decline as other nations such as the United States and Germany caught up. In 1870, Britains output per head was the second highest in the world after Australia, by 1914, it was fourth highest. In 1950, British output per head was still 30 per cent ahead of the six members of the EEC. The economic history of the United Kingdom deals with the history of England. During the 1500-1700 period many fundamental changes occurred, which paved the way to the industrial revolution. Especially after 1600, the United Kingdom took over the role of the economic region of Europe from the Mediterranean nations. The fundamental difference lay in the privately owned enterprises in Great Britain in contrast to the arguably less successful state-owned economic systems in the Mediterranean. Following the Black Death in the mid 14th century, and the depression of the late 15th century. The export of woollen products resulted in an upturn with products exported to mainland Europe. Henry VII negotiated the favourable Intercursus Magnus treaty in 1496, the high wages and abundance of available land seen in the late 15th century and early 16th century were temporary. When the population recovered low wages and a land shortage returned, historians in the early 20th century characterized the economic in terms of general decline, manorial reorganization, and agricultural contraction. Later historians dropped those themes and stressed the transitions between medieval forms and Tudor progress, various inflationary pressures existed, some were due to an influx of New World gold and a rising population
28.
Basel
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Basel is a city in northwestern Switzerland on the river Rhine. Basel is Switzerlands third-most-populous city with about 175,000 inhabitants, located where the Swiss, French and German borders meet, Basel also has suburbs in France and Germany. In 2014, the Basel agglomeration was the third largest in Switzerland with a population of 537,100 in 74 municipalities in Switzerland, the official language of Basel is German, but the main spoken language is the local variant of the Alemannic Swiss German dialect. Basel has been the seat of a Prince-Bishopric since the 11th century, the city has been a commercial hub and important cultural centre since the Renaissance, and has emerged as a centre for the chemical and pharmaceutical industry in the 20th century. It hosts the oldest university of the Swiss Confederation, There are settlement traces on the Rhine knee from the early La Tène period. The unfortified settlement was abandoned in the 1st century BC in favour of an Oppidum on the site of Basel Minster, probably in reaction to the Roman invasion of Gaul. In Roman Gaul, Augusta Raurica was established some 20 km from Basel as the administrative centre. The city of Basel eventually grew around the castle, the name of Basel is derived from the Roman-era toponym Basilia, first recorded in the 3rd century. It is presumably derived from the personal name Basilius, the Old French form Basle was adopted into English, and developed into the modern French Bâle. The Icelandic name Buslaraborg goes back to the 12th century Leiðarvísir og borgarskipan, Basel was incorporated into Germania Superior in AD83. Roman control over the area deteriorated in 3rd century, and Basel became an outpost of the Provincia Maxima Sequanorum formed by Diocletian, the Alamanni attempted to cross the Rhine several times in the 4th century, but were repelled. In a great invasion of AD406, the Alemanni appear to have crossed the Rhine river a final time, conquering and then settling what is today Alsace, from this time, Basel has been an Alemannic settlement. The Duchy of Alemannia fell under Frankish rule in the 6th century, and by the 7th century, based on the evidence of a third solidus with the inscription Basilia fit, Basel seems to have minted its own coins in the 7th century. Under bishop Haito, the first cathedral was built on the site of the Roman castle, at the partition of the Carolingian Empire, Basel was first given to West Francia, but passed to East Francia with the treaty of Meerssen of 870. The city was plundered and destroyed by a Magyar invasion of 917, the rebuilt city became part of Upper Burgundy, and as such was incorporated into the Holy Roman Empire in 1032. Since the donation by Rudolph III of Burgundy of the Moutier-Grandval Abbey and all its possessions to Bishop Adalbero II in 999 till the Reformation, in 1019, the construction of the cathedral of Basel began under German Emperor Heinrich II. In 1225–1226, the Bridge over the Rhine was constructed by Bishop Heinrich von Thun, the bridge was largely funded by Basels Jewish community which had settled there a century earlier. For many centuries to come Basel possessed the only permanent bridge over the river between Lake Constance and the sea, the Bishop also allowed the furriers to found a guild in 1226
29.
Foreign exchange controls
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Foreign exchange controls are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents. Such controls used to be common in most countries, particularly poorer ones, until the 1990s when free trade, today, countries which still impose exchange controls are the exception rather than the rule. Often, foreign exchange controls can result in the creation of markets to exchange the weaker currency for stronger currencies. This leads to a situation where the rate for the foreign currency is much higher than the rate set by the government. As such, it is unclear whether governments have the ability to enact effective exchange controls, note that this list is very incomplete. Currency transaction tax Financial transaction tax Spahn tax Sterling Area Tobin tax
30.
Chancellor of the Exchequer
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The office is a British Cabinet-level position. The chancellor is responsible for all economic and financial matters, equivalent to the role of Secretary of the Treasury or Minister of Finance in other nations. The position is considered one of the four Great Offices of State, the Chancellor of the Exchequer is now always Second Lord of the Treasury as one of the Lords Commissioners for executing the office of Lord High Treasurer. Formerly, in cases when the Chancellorship was vacant, the Lord Chief Justice of the Kings Bench would act as Chancellor pro tempore, the last Lord Chief Justice to serve in this way was Lord Denman in 1834. The earliest surviving records which are the results of the audit, date from 1129–30 under King Henry I. The Chancellor controlled monetary policy as well as fiscal policy until 1997, the Chancellor also has oversight of public spending across Government departments. The current Chancellor of the Exchequer is Philip Hammond and he is entrusted with a certain amount of misery which it is his duty to distribute as fairly as he can. The Chancellor has considerable control over other departments as it is the Treasury which sets Departmental Expenditure Limits, the amount of power this gives to an individual Chancellor depends on his personal forcefulness, his status within his party and his relationship with the Prime Minister. Gordon Brown, who became Chancellor when Labour came into Government in 1997, had a personal power base in the party. One part of the Chancellors key roles involves the framing of the annual year budget, as of 2017, the first is the Autumn Budget, also known as Budget Day which forecasts government spending in the next financial year and also announces new financial measures. The second is a Spring Statement, also known as a mini-Budget, britains tax year has retained the old Julian end of year,24 March /5 April. From 1993, the Budget was in spring, preceded by an annual autumn statement. This was then called Pre-Budget Report, the Autumn Statement usually took place in November or December. The 1997,2001,2002,2003,2006,2007,2008,2012 and 2016 Budgets were all delivered on a Wednesday, although the Bank of England is responsible for setting interest rates, the Chancellor also plays an important part in the monetary policy structure. He sets the target which the Bank must set interest rates to meet. Under the Bank of England Act 1998 the Chancellor has the power of appointment of four out of nine members of the Banks Monetary Policy Committee – the so-called external members. The Act also provides that the Government has the power to give instructions to the Bank on interest rates for a period in extreme circumstances. This power has never officially used. At HM Treasury the Chancellor is supported by a team of four junior ministers
31.
Anthony Barber
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Anthony Perrinott Lysberg Barber, Baron Barber of Wentbridge TD PC DL was a British Conservative politician who served as Chancellor of the Exchequer. He studied at Oxford and was elected as MP for Doncaster in 1950, Barber held various posts in government under Harold Macmillan, including Economic Secretary to the Treasury, Financial Secretary to the Treasury and Minister of Health. After losing his seat in 1964, he won the 1965 by-election in Altrincham and Sale, during his term the economy suffered due to stagflation and industrial unrest, including a miners strike which led to the Three-Day Week. In 1972 he delivered a budget which was designed to return the Conservatives to power in an expected in 1974 or 1975. This budget led to a known as The Barber Boom. The measures in the led to high inflation and wage demands from public sector workers. He was forced to introduce anti-inflation measures, along with a Prices Commission, after the Conservatives lost the first election in 1974, he did not stand in the second election of that year. Barber became Chairman of Standard Chartered Bank until 1987 and died in 2005, Barber was the third son of John Barber and his Danish wife, Musse. His birth was registered in Sculcoates, a suburb of Kingston upon Hull, barbers unusual middle names arose from his mother, who contributed the Lysberg, and French grandmother, who contributed the Perrinott. His father was secretary-director of a Doncaster confectionery works and he had two brothers, Noel, who became a well-known journalist and novelist, and Kenneth, who became secretary of Midland Bank. Barber was educated at King Edward VI Grammar School in Retford and he became an articled clerk, but joined the Kings Own Yorkshire Light Infantry shortly before the Second World War started. He was commissioned into the Territorial Army Royal Artillery in 1939 and he was evacuated from Dunkirk in 1940, but later he became a pilot in the Photographic Reconnaissance Unit of the RAF. He ran out of fuel on a mission on 25 January 1942 and ditched near Mont St Jean. He was Mentioned in Dispatches for helping escapes from the camp at Stalag Luft III. His PoW experiences were recalled by his friend and fellow RAF pilot PoW Thomas D, Barber is a prominent figure throughout Calnans book, It was natural that Charles Hall, Tony Barber and I should plot escape together. We had known one another at Benson, before being shot down, Barber also wrote a brief foreword to this volume, What has struck me most forcibly is how, after more than twenty years, he has recounted our adventures with such accuracy. He has managed to make a reality, once again, of the hopes and fears, the depression, while still a prisoner, Barber took a law degree with first-class honours through the International Red Cross. He then practised as a barrister from 1948, and specialised in taxation, from 1967 to 1970 he was chairman of Redfearn National Glass, with which his wife Jeans family was connected
32.
European Economic Community
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The European Economic Community was a regional organisation which aimed to bring about economic integration among its member states. It was created by the Treaty of Rome of 1957, upon the formation of the European Union in 1993, the EEC was incorporated and renamed as the European Community. In 2009 the ECs institutions were absorbed into the EUs wider framework and it gained a common set of institutions along with the European Coal and Steel Community and the European Atomic Energy Community as one of the European Communities under the 1965 Merger Treaty. In 1993, a single market was achieved, known as the internal market, which allowed for the free movement of goods, capital, services. In 1994, the market was formalised by the EEA agreement. This agreement also extended the market to include most of the member states of the European Free Trade Association. Upon the entry into force of the Maastricht Treaty in 1993 and this was also when the three European Communities, including the EC, were collectively made to constitute the first of the three pillars of the European Union, which the treaty also founded. The EEC was also known as the Common Market in the English-speaking countries and sometimes referred to as the European Community even before it was renamed as such in 1993. In 1951, the Treaty of Paris was signed, creating the European Coal and this was an international community based on supranationalism and international law, designed to help the economy of Europe and prevent future war by integrating its members. In the aim of creating a federal Europe two further communities were proposed, a European Defence Community and a European Political Community. While the treaty for the latter was being drawn up by the Common Assembly, the ECSC parliamentary chamber, after the Messina Conference in 1955, Paul Henri Spaak was given the task to prepare a report on the idea of a customs union. The so-called Spaak Report of the Spaak Committee formed the cornerstone of the negotiations at Val Duchesse castle in 1956. Together with the Ohlin Report the Spaak Report would provide the basis for the Treaty of Rome, in 1956, Paul Henri Spaak led the Intergovernmental Conference on the Common Market and Euratom at the Val Duchesse castle, which prepared for the Treaty of Rome in 1957. The conference led to the signature, on 25 March 1957, the resulting communities were the European Economic Community and the European Atomic Energy Community. These were markedly less supranational than the communities, due to protests from some countries that their sovereignty was being infringed. The first formal meeting of the Hallstein Commission, was held on 16 January 1958 at the Chateau de Val-Duchesse, the EEC was to create a customs union while Euratom would promote co-operation in the nuclear power sphere. The EEC rapidly became the most important of these and expanded its activities, one of the first important accomplishments of the EEC was the establishment of common price levels for agricultural products. In 1968, internal tariffs were removed on certain products, another crisis was triggered in regard to proposals for the financing of the Common Agricultural Policy, which came into force in 1962
33.
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
34.
CFA franc
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The CFA franc is the name of two currencies used in Africa which are guaranteed by the French treasury. The two CFA franc currencies are the West African CFA franc and the Central African CFA franc, although theoretically separate, the two CFA franc currencies are effectively interchangeable. Both CFA francs have an exchange rate to the euro,100 CFA francs =1 former French franc =0.152449 euro. They could theoretically have different values from any moment if one of the two CFA monetary authorities, or France, decided it, therefore, West African CFA coins and banknotes are theoretically not accepted in countries using Central African CFA francs, and vice versa. However, in practice, the permanent parity of the two CFA franc currencies is widely assumed, CFA francs are used in fourteen countries, twelve formerly French-ruled nations in West and Central Africa, Guinea-Bissau, and Equatorial Guinea. These fourteen countries have a population of 147.5 million people. The ISO currency codes are XAF for the Central African CFA franc, the currency has been criticized for making economic planning for the developing countries of French West Africa all but impossible since the CFAs value is pegged to the euro. Between 1945 and 1958, CFA stood for Colonies françaises dAfrique, since independence, CFA is taken to mean Communauté Financière Africaine, but in actual use, the term can have two meanings. The CFA franc was created on 26 December 1945, along with the CFP franc, the reason for their creation was the weakness of the French franc immediately after World War II. When France ratified the Bretton Woods Agreement in December 1945, the French franc was devalued in order to set an exchange rate with the US dollar. New currencies were created in the French colonies to spare them the strong devaluation, French officials presented the decision as an act of generosity. The CFA franc was created with an exchange rate versus the French franc. This exchange rate was changed twice, in 1948 and in 1994. Exchange rate,26 December 1945 to 16 October 1948 –1 CFA franc =1.70 FRF and this 0.70 FRF premium is the consequence of the creation of the CFA franc, which spared the French African colonies the devaluation of December 1945. The 1960 and 1999 events were merely changes in the currency in use in France, the devaluation of 1994 was an attempt to reduce these imbalances. Over time, the number of countries and territories using the CFA franc has changed as some countries began introducing their own separate currencies. A couple of nations in West Africa have also chosen to adopt the CFA franc since its introduction and they are distinguished in French by the meaning of the abbreviation CFA. The Central Africa CFA franc is known in French as the Franc CFA, where CFA stands for Coopération financière en Afrique centrale.0 million people, and a combined GDP of US$88.2 billion
35.
CFP franc
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The CFP franc is the currency used in the French overseas collectivities of French Polynesia, New Caledonia and Wallis and Futuna. The initials CFP originally stood for Colonies Françaises du Pacifique and this was later changed to Communauté Financière du Pacifique and then to the present term, Change Franc Pacifique. The ISO4217 currency code is XPF, the CFP franc was created in December 1945, together with the CFA franc, used in Africa. The reason for the creation of these francs was the weakness of the French franc immediately after the Second World War, when France ratified the Bretton Woods Agreement in December 1945, the French franc was devalued in order to set a fixed exchange rate with the US dollar. New currencies were created in the French colonies to spare them the strong devaluation of December 1945. ”The CFA franc and the other colonial currencies were set at a fixed exchange rate with the French franc. However, the CFP franc was set at an exchange rate with the US dollar. That situation ended in September 1949 when the CFP franc was given a fixed rate with the French franc. The CFP franc has been issued by the IEOM since 1967, the IEOM has its headquarters in Paris. The currency was issued in three distinct forms for French Polynesia, New Caledonia and the New Hebrides. Wallis and Futuna used the New Caledonian franc, in 1969, the New Hebrides franc was separated from the CFP franc and was replaced by the Vanuatu vatu in 1982. The new highest denomination 10,000 CFP franc banknote issued on 1 October 1986, was the first one that was not overprinted with a city name. The 500 franc banknote, issued in 1992, and the 1000 and 5000 franc banknotes, the designs of the 500,1000,5000 franc banknotes did not change till 2014, when news designs and sizes were introduced. Today, all banknotes are strictly identical from New Caledonia to French Polynesia, one side of the banknotes shows landscapes or historical figures of French Polynesia, while the other side of the banknotes shows landscapes or historical figures of New Caledonia. Both sets of coins can be used in all three French territories, the situation of the CFP coins is thus quite similar to that of the euro coins, which have a national side but can be used in all countries of the eurozone. December 26,1945 to September 20,1949 – Fixed exchange with the US dollar at 1 USD =49.6 XPF, non-fixed exchange rate with the French franc, which devaluates 4 times vs. the US dollar. From 1 XPF =2.40 FRF in December 1945, in 1949, New Caledonia and what was then called French Oceania began to issue coins. The coins have been separated in two types, the obverses are identical, whilst the reverses are distinct, both types of coins can be used in all three French territories. The situation of the CFP coins is quite similar to that of the euro coins
36.
Gibraltar
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Gibraltar is a British Overseas Territory located on the southern end of the Iberian Peninsula. It has an area of 6.7 km2 and shares its border with Spain. The Rock of Gibraltar is the landmark of the region. At its foot is a populated city area, home to over 30,000 Gibraltarians. An Anglo-Dutch force captured Gibraltar from Spain in 1704 during the War of the Spanish Succession on behalf of the Habsburg claim to the Spanish throne, the territory was subsequently ceded to Great Britain in perpetuity under the Treaty of Utrecht in 1713. Today Gibraltars economy is based largely on tourism, online gambling, financial services, the sovereignty of Gibraltar is a major point of contention in Anglo-Spanish relations as Spain asserts a claim to the territory. Gibraltarians overwhelmingly rejected proposals for Spanish sovereignty in a 1967 referendum, under the Gibraltar constitution of 2006, Gibraltar governs its own affairs, though some powers, such as defence and foreign relations, remain the responsibility of the British government. The name Gibraltar is the Spanish derivation of the Arabic name Jabal Ṭāriq, earlier, it was known as Mons Calpe, a name of Phoenician origin and one of the Pillars of Hercules. The pronunciation of the name in modern Spanish is, evidence of Neanderthal habitation in Gibraltar between 28,000 and 24,000 BP has been discovered at Gorhams Cave, making Gibraltar possibly the last known holdout of the Neanderthals. Within recorded history, the first inhabitants were the Phoenicians, around 950 BC, subsequently, Gibraltar became known as one of the Pillars of Hercules, after the Greek legend of the creation of the Strait of Gibraltar by Heracles. The Carthaginians and Romans also established semi-permanent settlements, after the collapse of the Roman Empire, Gibraltar came briefly under the control of the Vandals. The area later formed part of the Visigothic Kingdom of Hispania from 414 AD until the Islamic conquest of Iberia in 711 AD, in 1160, the Almohad Sultan Abd al-Mumin ordered that a permanent settlement, including a castle, be built. It received the name of Medinat al-Fath, on completion of the works in the town, the Sultan crossed the Strait to look at the works and stayed in Gibraltar for two months. The Tower of Homage of the Moorish Castle remains standing today, from 1274 onwards, the town was fought over and captured by the Nasrids of Granada, the Marinids of Morocco and the kings of Castile. In 1462, Gibraltar was finally captured by Juan Alonso de Guzmán, after the conquest, King Henry IV of Castile assumed the additional title of King of Gibraltar, establishing it as part of the comarca of the Campo Llano de Gibraltar. In 1501, Gibraltar passed back to the Spanish Crown, the occupation of the town by Alliance forces caused the exodus of the population to the surrounding area of the Campo de Gibraltar. As the Alliances campaign faltered, the 1713 Treaty of Utrecht was negotiated and ceded control of Gibraltar to Britain to secure Britains withdrawal from the war. Unsuccessful attempts by Spanish monarchs to regain Gibraltar were made with the siege of 1727 and again with the Great Siege of Gibraltar, during the American War of Independence
37.
Singapore
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Singapore, officially the Republic of Singapore, sometimes referred to as the Lion City or the Little Red Dot, is a sovereign city-state in Southeast Asia. It lies one degree north of the equator, at the tip of peninsular Malaysia. Singapores territory consists of one island along with 62 other islets. Since independence, extensive land reclamation has increased its size by 23%. During the Second World War, Singapore was occupied by Japan, after early years of turbulence, and despite lacking natural resources and a hinterland, the nation developed rapidly as an Asian Tiger economy, based on external trade and its workforce. Singapore is a global commerce, finance and transport hub, the country has also been identified as a tax haven. Singapore ranks 5th internationally and first in Asia on the UN Human Development Index and it is ranked highly in education, healthcare, life expectancy, quality of life, personal safety, and housing, but does not fare well on the Democracy index. Although income inequality is high, 90% of homes are owner-occupied, 38% of Singapores 5.6 million residents are permanent residents and other foreign nationals. There are four languages on the island, Malay, Mandarin, Tamil. English is its language, most Singaporeans are bilingual. Singapore is a multiparty parliamentary republic, with a Westminster system of unicameral parliamentary government. The Peoples Action Party has won every election since self-government in 1959, however, it is unlikely that lions ever lived on the island, Sang Nila Utama, the Srivijayan prince said to have founded and named the island Singapura, perhaps saw a Malayan tiger. There are however other suggestions for the origin of the name, the central island has also been called Pulau Ujong as far back as the third century CE, literally island at the end in Malay. In 1299, according to the Malay Annals, the Kingdom of Singapura was founded on the island by Sang Nila Utama and these Indianized Kingdoms, a term coined by George Cœdès were characterized by surprising resilience, political integrity and administrative stability. In 1613, Portuguese raiders burned down the settlement, which by then was part of the Johor Sultanate. The wider maritime region and much trade was under Dutch control for the following period, in 1824 the entire island, as well as the Temenggong, became a British possession after a further treaty with the Sultan. In 1826, Singapore became part of the Straits Settlements, under the jurisdiction of British India, prior to Raffles arrival, there were only about a thousand people living on the island, mostly indigenous Malays along with a handful of Chinese. By 1860 the population had swelled to over 80,000, many of these early immigrants came to work on the pepper and gambier plantations
38.
Brunei
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Brunei, officially the Nation of Brunei, the Abode of Peace, is a sovereign state located on the north coast of the island of Borneo in Southeast Asia. Apart from its coastline with the South China Sea, the country is surrounded by the state of Sarawak. It is separated into two parts by the Sarawak district of Limbang, Brunei is the only sovereign state completely on the island of Borneo, the remainder of the islands territory is divided between the nations of Malaysia and Indonesia. Bruneis population was 408,786 in July 2012, the maritime state was visited by Spains Magellan Expedition in 1521 and fought against Spain in the 1578 Castille War. During the 19th century, the Bruneian Empire began to decline, the Sultanate ceded Sarawak to James Brooke and installed him as the White Rajah, and it ceded Sabah to the British North Borneo Chartered Company. In 1888, Brunei became a British protectorate and was assigned a British resident as colonial manager in 1906, after the Japanese occupation during World War II, in 1959 a new constitution was written. In 1962, an armed rebellion against the monarchy was ended with the help of the British. Brunei gained its independence from the United Kingdom on 1 January 1984, Economic growth during the 1990s and 2000s, with the GDP increasing 56% from 1999 to 2008, transformed Brunei into an industrialised country. It has developed wealth from petroleum and natural gas fields. Brunei has the second-highest Human Development Index among the Southeast Asian nations, after Singapore, according to the International Monetary Fund, Brunei is ranked fifth in the world by gross domestic product per capita at purchasing power parity. The IMF estimated in 2011 that Brunei was one of two countries with a debt at 0% of the national GDP. Forbes also ranks Brunei as the fifth-richest nation out of 182, based on its petroleum, according to legend, Brunei was founded by Awang Alak Betatar, later to be Sultan Muhammad Shah. He moved from Garang, a place in the Temburong District to the Brunei River estuary, according to legend, upon landing he exclaimed, Baru nah, from which the name Brunei was derived. He was the first Muslim ruler of Brunei, before the rise of the Bruneian Empire under the Muslim Bolkiah Dynasty, Brunei is believed to have been under Buddhist rulers. It was renamed Barunai in the 14th century, possibly influenced by the Sanskrit word varuṇ, the word Borneo is of the same origin. In the countrys name, Negara Brunei Darussalam, darussalam means abode of peace. The people are pagans and are men of goodwill and their colour is whiter than that of the other sort. in this island justice is well administered. One of the earliest Chinese records is the 977 AD letter to Chinese emperor from the ruler of Po-ni, which some scholars believe to refer to Borneo
39.
South Yemen
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The Peoples Democratic Republic of Yemen, also referred to as South Yemen, Democratic Yemen or Yemen a. k. a. South Arabian Federation, was a socialist state in the southern and eastern provinces of the present-day Republic of Yemen and it united with the Yemen Arab Republic on 22 May 1990, to form the present-day Yemen. After four years, however, South Yemen declared its secession from the north, which resulted in the north occupying south Yemen, in 1838, Sultan Muhsin Bin Fadl of the nearby state of Lahej ceded 194 km² including Aden to the British. On 19 January 1839, the British East India Company landed Royal Marines at Aden to occupy the territory and stop attacks by pirates against British shipping to India. It then became an important trading hub between British India and the Red Sea, and following the opening of the Suez canal in 1869, Aden was ruled as part of British India until 1937, when the city of Aden became the Colony of Aden. Economic development was centered in Aden, and while the city flourished. Both of these polities were still tied to Britain with promises of independence in 1968. One faction, NLF, was invited to the Geneva Talks to sign the agreement with the British. the handover of the territory of South Arabia to the NLF. Southern Yemen became independent as the Peoples Republic of Southern Yemen on 30 November 1967, in June 1969, a radical Marxist wing of the NLF gained power and on 1 December 1970, reorganized the country into the Peoples Democratic Republic of Yemen. Subsequently, all parties were amalgamated into the National Liberation Front, renamed the Yemeni Socialist Party. The Peoples Democratic Republic of Yemen established close ties with the Soviet Union, the Peoples Republic of China, Cuba, East Germanys consititution of 1968 even served as a kind of blueprint for the PDRYs first constitution. The major communist powers assisted in the building of the PDRYs armed forces, strong support from Moscow resulted in Soviet naval forces gaining access to naval facilities in South Yemen. Fighting broke out in 1972, and a short-lived, small proxy border conflict was resolved with negotiations, however, these plans were put on hold in 1979, as the PDRY funded Red rebels in the YAR, and war was only prevented by an Arab League intervention. The goal of unity was reaffirmed by the northern and southern heads of state during a meeting in Kuwait in March 1979. In 1980, PDRY president Abdul Fattah Ismail resigned and went into exile in Moscow and his successor, Ali Nasir Muhammad, took a less interventionist stance toward both North Yemen and neighbouring Oman. On January 13,1986, a violent struggle began in Aden between Ali Nasirs supporters and supporters of the returned Ismail, who wanted power back. Fighting, known as the South Yemen Civil War, lasted for more than a month and resulted in thousands of casualties, Ali Nasirs ouster, some 60,000 people, including the deposed Ali Nasir, fled to the YAR. Ali Salim al-Beidh, an ally of Ismail who had succeeded in escaping the attack on members of the Politburo
40.
Colony of Aden
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The Colony of Aden or Aden Colony was a British Crown colony from 1937 to 1963 located in the south of contemporary Yemen. It consisted of the port of Aden and its immediate surroundings, prior to 1937, Aden had been governed as part of British India. Under the Government of India Act 1935 the territory was detached from British India, and was established as a colony of the United Kingdom. On 18 January 1963, the colony was reconstituted as the State of Aden within the new Federation of South Arabia, the federation in turn became the Peoples Republic of South Yemen on 30 November 1967, marking the end of British rule. The hinterland of the Colony of Aden was separately governed as the Aden Protectorate, on 19 January 1839, the British East India Company landed Royal Marines at Aden to occupy the territory and stop attacks by pirates against British shipping to India. The British Army considered Aden an important place due to its location, later, British influence extended progressively into the hinterland, both west and east, with the establishment of the Aden Protectorate. Aden soon became an important transit port and coaling station for trade between British India and the Far East, and Europe, the commercial and strategic importance of Aden increased considerably when the Suez Canal opened in 1869. From then and until the 1960s, the Port of Aden was to be one of the busiest ship-bunkering, duty-free shopping, in 1937, Aden was separated from British India to become a Crown Colony, a status that it retained until 1963. It consisted of the city of Aden and its immediate surroundings. The Aden Settlement, and later Aden Colony, also included the islands of Kamaran, Perim. Prior to 1937, Aden had been governed as part of British India, through the latter years of its existence, the Colony of Aden was plagued by civil unrest. Population of Aden Colony 1955 “The town of Aden was tied more closely into the fabric of the British Empire. The fundamental law for the Crown Colony of Aden is the Order of Council 28 September 1936, Aden was notable in that Sharia law was not used in the Colony. All suits, including dealing with personal status and inheritance of Muslims, are entertained in the ordinary secular courts of the colony. Within the Aden Colony there were three local government bodies, all of these bodies were under the overall control of the Executive Council, which in turn was kept in check by the Governor. Until 1 December 1955, the Executive Council was entirely unelected, the situation improved only slightly after this date, as four members were elected. Judicial administration was entirely in British hands. Compared with other British possessions, the development towards self-government and greater local participation has been rather slow, education was provided for all children, both boys and girls, until at least intermediate level
41.
Sudan
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Sudan, also known as North Sudan since South Sudans independence and officially the Republic of the Sudan, is a country in Northern Africa. It is the third largest country in Africa, the River Nile divides the country into eastern and western halves. Before the Sudanese Civil War, South Sudan was part of Sudan, Sudan was home to numerous ancient civilizations, such as the Kingdom of Kush, Kerma, Nobatia, Alodia, Makuria, Meroë and others, most of which flourished along the Nile. During the pre-dynastic period Nubia and Nagadan Upper Egypt were identical, by virtue of its proximity to Egypt, the Sudan participated in the wider history of the Near East inasmuch as it was Christianized by the 6th century, and Islamized in the 15th. As a result of Christianization, the Old Nubian language stands as the oldest recorded Nilo-Saharan language, Sudan was the largest country in Africa and the Arab world until 2011, when South Sudan separated into an independent country, following an independence referendum. Sudan is now the third largest country in Africa and also the third largest country in the Arab world and its capital is Khartoum, the political, cultural and commercial centre of the nation. It is a representative democratic federal republic. The politics of Sudan are regulated by an organization called the National Assembly. The Sudanese legal system is based on Islamic law, the countrys place name Sudan is a name given to a geographical region to the south of the Sahara, stretching from Western Africa to eastern Central Africa. The name derives from the Arabic bilād as-sūdān, or the lands of the Blacks, during the fifth millennium BC migrations from the drying Sahara brought neolithic people into the Nile Valley along with agriculture. The population that resulted from this cultural and genetic mixing developed social hierarchy over the centuries become the Kingdom of Kush at 1700 BC. The Kingdom of Kush was an ancient Nubian state centered on the confluences of the Blue Nile and White Nile, and the Atbarah River and it was established after the Bronze Age collapse and the disintegration of the New Kingdom of Egypt, centered at Napata in its early phase. After King Kashta invaded Egypt in the eighth century BC, the Kushite kings ruled as pharaohs of the Twenty-fifth Dynasty of Egypt for a century before being defeated and driven out by the Assyrians. At the height of their glory, the Kushites conquered an empire that stretched from what is now known as South Kordofan all the way to the Sinai, pharaoh Piye attempted to expand the empire into the Near East, but was thwarted by the Assyrian king Sargon II. Sennacheribs successor Esarhaddon went further, and invaded Egypt itself, deposing Taharqa, Taharqa fled back to his homeland where he died two years later. Egypt became an Assyrian colony, however, king Tantamani, after succeeding Taharqa, Esarhaddon died while preparing to leave the Assyrian capital of Nineveh in order to eject him. However, his successor Ashurbanipal sent an army into southern Egypt and routed Tantamani. During Classical Antiquity, the Nubian capital was at Meroë, in ancient Greek geography, the Meroitic kingdom was known as Ethiopia
42.
The Bahamas
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The Bahamas, known officially as the Commonwealth of the Bahamas, is an archipelagic state within the Lucayan Archipelago. The capital is Nassau on the island of New Providence, the designation of the Bahamas can refer either to the country or to the larger island chain that it shares with the Turks and Caicos Islands. As stated in the mandate/manifesto of the Royal Bahamas Defence Force, the Bahamas is the site of Columbus first landfall in the New World in 1492. At that time, the islands were inhabited by the Lucayan, although the Spanish never colonised the Bahamas, they shipped the native Lucayans to slavery in Hispaniola. The islands were mostly deserted from 1513 until 1648, when English colonists from Bermuda settled on the island of Eleuthera, the Bahamas became a British Crown colony in 1718, when the British clamped down on piracy. After the American War of Independence, the Crown resettled thousands of American Loyalists in the Bahamas, they brought their slaves with them, Africans constituted the majority of the population from this period. Slavery in the Bahamas was abolished in 1834, Today the descendants of slaves and free Africans make up nearly 90% of the population, issues related to the slavery years are part of society. The Bahamas became an independent Commonwealth realm in 1973, retaining Queen Elizabeth II as its monarch, in terms of gross domestic product per capita, the Bahamas is one of the richest countries in the Americas, with an economy based on tourism and finance. The name Bahamas is derived from either the Taino ba ha ma, alternatively, it may originate from Guanahani, a local name of unclear meaning. In English, the Bahamas is one of two countries whose self-standing short name begins with the word the, along with The Gambia. Taino people moved into the uninhabited southern Bahamas from Hispaniola and Cuba around the 11th century and they came to be known as the Lucayan people. An estimated 30,000 Lucayan inhabited the Bahamas at the time of Christopher Columbus arrival in 1492, Columbuss first landfall in the New World was on an island he named San Salvador. Some researchers believe this site to be present-day San Salvador Island, an alternative theory holds that Columbus landed to the southeast on Samana Cay, according to calculations made in 1986 by National Geographic writer and editor Joseph Judge, based on Columbuss log. Evidence in support of this remains inconclusive, on the landfall island, Columbus made first contact with the Lucayan and exchanged goods with them. The Spanish forced much of the Lucayan population to Hispaniola for use as forced labour, the slaves suffered from harsh conditions and most died from contracting diseases to which they had no immunity, half of the Taino died from smallpox alone. The population of the Bahamas was severely diminished, in 1648, the Eleutherian Adventurers, led by William Sayle, migrated from Bermuda. These English Puritans established the first permanent European settlement on an island which they named Eleuthera—the name derives from the Greek word for freedom and they later settled New Providence, naming it Sayles Island after one of their leaders. To survive, the settlers salvaged goods from wrecks, in 1670 King Charles II granted the islands to the Lords Proprietors of the Carolinas in North America
43.
Bahrain
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Bahrain, officially the Kingdom of Bahrain, is a small Arab monarchy in the Persian Gulf. Bahrains population is 1,234,567, including 666,172 non-nationals and it is 780 km2 in size, making it the third smallest nation in Asia after the Maldives and Singapore. Bahrain is the site of the ancient Dilmun civilisation and it has been famed since antiquity for its pearl fisheries, which were considered the best in the world into the 19th century. Bahrain was one of the earliest areas to convert to Islam, following a period of Arab rule, Bahrain was occupied by the Portuguese in 1521, who in turn were expelled in 1602 by Shah Abbas I of the Safavid dynasty under the Persian Empire. In 1783, the Bani Utbah clan captured Bahrain from Nasr Al-Madhkur and it has since been ruled by the Al Khalifa royal family, in the late 1800s, following successive treaties with the British, Bahrain became a protectorate of the United Kingdom. Formerly a state, Bahrain was declared a Kingdom in 2002, in 2011, the country experienced protests inspired by the regional Arab Spring. Bahrain had the first post-oil economy in the Persian Gulf, since the late 20th century, Bahrain has invested in the banking and tourism sectors. Many large financial institutions have a presence in Manama, the countrys capital, Bahrain has a high Human Development Index and was recognised by the World Bank as a high income economy. In Arabic, Bahrayn is the form of bahr, so al-Bahrayn means the two seas, although which two seas were originally intended remains in dispute. The term appears five times in the Quran, but does not refer to the modern island—originally known to the Arabs as Awal— but rather to all of Eastern Arabia. Today, Bahrains two seas are generally taken to be the bay east and west of the island. In addition to wells, there are areas of the sea north of Bahrain where fresh water bubbles up in the middle of the water as noted by visitors since antiquity. An alternate theory with regard to Bahrains toponymy is offered by the al-Ahsa region, another supposition by al-Jawahari suggests that the more formal name Bahri would have been misunderstood and so was opted against. Until the late Middle Ages, Bahrain referred to the region of Eastern Arabia that included Southern Iraq, Kuwait, Al-Hasa, Qatif, the region stretched from Basra in Iraq to the Strait of Hormuz in Oman. This was Iqlīm al-Bahrayns Bahrayn Province, the exact date at which the term Bahrain began to refer solely to the Awal archipelago is unknown. The entire coastal strip of Eastern Arabia was known as Bahrain for a millennium, the island and kingdom were also commonly spelled Bahrein into the 1950s. Bahrain was home to the Dilmun civilization, an important Bronze Age trade centre linking Mesopotamia, Bahrain was later ruled by the Assyrians and Babylonians. From the 6th to 3rd century BC, Bahrain was part of the Persian Empire ruled by the Achaemenian dynasty, by about 250 BC, Parthia brought the Persian Gulf under its control and extended its influence as far as Oman
44.
Bangladesh
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Bangladesh, officially the Peoples Republic of Bangladesh, is a country in South Asia. It shares land borders with India and Myanmar, Nepal, Bhutan and China are located near Bangladesh but do not share a border with it. The countrys maritime territory in the Bay of Bengal is roughly equal to the size of its land area, Bangladesh is the worlds eighth most populous country. Dhaka is its capital and largest city, followed by Chittagong which has the countrys largest port, Bangladesh forms the largest and eastern part of the Bengal region. Bangladeshis include people of different ethnic groups and religions, Bengalis, who speak the official Bengali, make up 98% of the population. The politically dominant Bengali Muslims make the nation the worlds third largest Muslim-majority country, most of Bangladesh is covered by the Bengal delta, the largest delta on Earth. The country has 700 rivers and 8,046 km of inland waterways, highlands with evergreen forests are found in the northeastern and southeastern regions of the country. Bangladesh has many islands and a coral reef and it is home to the Sundarbans, the largest mangrove forest in the world. The countrys biodiversity includes a vast array of plant and wildlife, including critically endangered Bengal tigers, the Greeks and Romans identified the region as Gangaridai, a powerful kingdom of the historical subcontinent, in the 3rd century BCE. Archaeological research has unearthed several ancient cities in Bangladesh, which had trade links for millennia. The Bengal Sultanate and Mughal Bengal transformed the region into a cosmopolitan Islamic imperial power between the 14th and 18th centuries, the region was home to many principalities which had inland naval prowess. It was also a center of the worldwide muslin and silk trade. As part of British India, the region was influenced by the Bengali renaissance, the Partition of British India made East Bengal a part of the Dominion of Pakistan, and was renamed as East Pakistan. The region witnessed the Bengali Language Movement in 1952 and the Bangladesh Liberation War in 1971, after independence, a parliamentary republic was established. A presidential government was in place between 1975 and 1990, followed by a return to parliamentary democracy, the country has also been affected by poverty, natural disasters, hunger, dominant party systems and military coups. Bangladesh is a power and a major developing nation. Listed as one of the Next Eleven, it has the 46th largest economy and it is one of the largest textile exporters in the world. Its major trading partners are the European Union, the United States, China, India, Japan, Malaysia, with its strategically vital location between Southern, Eastern and Southeast Asia, Bangladesh is an important promoter of regional connectivity and cooperation
45.
Barbados
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Barbados is a sovereign island country in the Lesser Antilles, in the Americas. It is 34 kilometres in length and up to 23 km in width, Barbados is outside of the principal Atlantic hurricane belt. Inhabited by Kalinago people since the 13th century, and prior to that by other Amerindians, Barbados was visited by Spanish navigators in the late 15th century and it first appeared in a Spanish map in 1511. The Portuguese visited the island in 1536, but they left it unclaimed, an English ship, the Olive Blossom, arrived in Barbados in 1625, its men took possession of it in the name of King James I. In 1627, the first permanent settlers arrived from England, and it became an English, in 1966, Barbados became an independent state and Commonwealth realm with the British Monarch as hereditary head of state. It has a population of 280,121 people, predominantly of African descent, despite being classified as an Atlantic island, Barbados is considered to be a part of the Caribbean, where it is ranked as a leading tourist destination. Forty percent of the come from the UK, with the US. In 2014, Transparency Internationals Corruption Perceptions Index ranked Barbados joint second in the Americas, the name Barbados is either the Portuguese word Barbados or the Spanish equivalent los Barbados, both meaning the bearded ones. In 1519, a map produced by the Genoese mapmaker Visconte Maggiolo showed and named Barbados in its correct position, furthermore, the island of Barbuda in the Leewards is very similar in name and was once named Las Barbudas by the Spanish. It is uncertain which European nation arrived first in Barbados, one lesser known source points to earlier-revealed works predating contemporary sources indicating it could have been the Spanish. Others believe the Portuguese, en route to Brazil, were the first Europeans to come upon the island, colloquially Barbadians refer to their home island as Bim or other nicknames associated with Barbados includes Bimshire. The origin is uncertain but several theories exist, the name could have arisen due to the relatively large percentage of enslaved Igbo people from modern-day southeastern Nigeria arriving in Barbados in the 18th century. The words Bim and Bimshire are recorded in the Oxford English Dictionary, another possible source for Bim is reported to be in the Agricultural Reporter of 25 April 1868, where the Rev. N. Greenidge suggested the listing of Bimshire as a county of England. Expressly named were Wiltshire, Hampshire, Berkshire and Bimshire, lastly, in the Daily Argosy of 1652 there is a reference to Bim as a possible corruption of Byam, the name of a Royalist leader against the Parliamentarians. That source suggested the followers of Byam became known as Bims, amerindian settlement of Barbados dates to about the 4th to 7th centuries AD, by a group known as the Saladoid-Barrancoid. In the 13th century, the Kalinago arrived from South America, the Spanish and Portuguese briefly claimed Barbados from the late 16th to the 17th centuries. The Arawaks are believed to have fled to neighbouring islands, apart from possibly displacing the Caribs, the Spanish and Portuguese made little impact and left the island uninhabited. Some Arawaks migrated from British Guiana in the 19th century and continue to live in Barbados, during the Cromwellian era this included a large number of prisoners-of-war, vagrants and people who were illicitly kidnapped, who were forcibly transported to the island and sold as servants
46.
Lesotho
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Lesotho, officially the Kingdom of Lesotho, is an enclaved, landlocked country in southern Africa completely surrounded by South Africa. It is just over 30,000 km2 in size and has a slightly over two million. Its capital and largest city is Maseru, previously known as Basutoland, Lesotho declared independence from the United Kingdom on 4 October 1966. It is a member of the United Nations, the Commonwealth of Nations, the name Lesotho translates roughly into the land of the people who speak Sesotho. About 40% of the population lives below the poverty line of US$1.25 a day. The original inhabitants of the now known as Lesotho were the San people. Examples of their art can be found in the mountains throughout the area. The present Lesotho, then called Basutoland, emerged as a single polity under King Moshoeshoe I in 1822, Moshoeshoe, a son of Mokhachane, a minor chief of the Bakoteli lineage, formed his own clan and became a chief around 1804. Casalis, acting as translator and providing advice on foreign affairs, helped to set up diplomatic channels and acquire guns for use against the encroaching Europeans and the Griqua people. Trekboers from the Cape Colony showed up on the borders of Basutoland and claimed land rights, beginning with Jan de Winnaar. As more Boers were moving into the area tried to colonise the land between the two rivers, even north of the Caledon, claiming that it had been abandoned by the Sotho people. Moshoeshoe subsequently signed a treaty with the British Governor of the Cape Colony, Sir George Thomas Napier and these outraged Boers were suppressed in a brief skirmish in 1848. In 1851 a British force was defeated by the Basotho army at Kolonyama, after repelling another British attack in 1852, Moshoeshoe sent an appeal to the British commander that settled the dispute diplomatically, then defeated the Batlokoa in 1853. In 1854 the British pulled out of the region, and in 1858 Moshoeshoe fought a series of wars with the Boers in the Free State–Basotho War, the last war in 1867 ended when Moshoeshoe appealed to Queen Victoria, who agreed to make Basutoland a British protectorate in 1868. Moshoeshoe died on 11 March 1870, marking the end of the traditional era and he was buried at Thaba Bosiu. In the early years of British rule between 1871 and 1884, Basutoland was treated similarly to territories that had been forcefully annexed. This led to the Gun War in 1881, Basutoland gained its independence from Britain and became the Kingdom of Lesotho in 1966. In January 1970, the ruling Basotho National Party lost the first post-independence general elections, Prime Minister Leabua Jonathan refused to cede power to the Basotho Congress Party, declared himself Tona Kholo, and imprisoned the BCP leadership
Aden
Sudan
Australia (left in 1967)
Bahamas
Bahrain
Bangladesh
Barbados
Basutoland (Lesotho)
Bermuda
Botswana
British Antarctic Territory
British Guiana (Guyana)
British Honduras (Belize)
Hong Kong
British Indian Ocean Territory
British Solomon Islands Protectorate
British Somaliland Protectorate (left in 1964)
British Virgin Islands
Brunei
Burma (left in 1966)
Cayman Islands
Ceylon (Sri Lanka)
Cyprus
Egypt (left in 1947)[6]
Falkland Islands
Fiji
The Gambia
Ghana
Gibraltar
Gilbert and Ellice Islands (Kiribati and Tuvalu)
Iceland
Ireland (until 30 March 1979)
India (including Sikkim)
Iraq (left in 1959)
Jamaica
Jordan
Kenya
Kuwait
Leeward Islands (comprising Anguilla, Antigua and Barbuda, Montserrat, and Saint Kitts (Saint Christopher and Nevis))
Libya (expelled in 1971)
Malawi
Malaysia
Maldive Islands
Malta
Mauritius
Muscat and Oman (Sultanate of Oman)
Nauru
New Zealand (including Cook Islands, Niue, and Tokelau Islands)
Nigeria
Pakistan
Papua New Guinea
Pitcairn Islands
Qatar
Rhodesia (Zimbabwe) (expelled in 1965)
Saint Helena (including Ascension Island and Tristan da Cunha)
Seychelles
Sierra Leone
Singapore
South Africa
South West Africa (Namibia)
Swaziland
Tanganyika
Tonga
Trinidad and Tobago
Uganda
United Kingdom, Jersey, Guernsey and the Isle of Man
Western Samoa
Windward Islands (comprising Dominica, Grenada, Saint Lucia, and Saint Vincent and the Grenadines)
Zambia
Zanzibar
