Trinidad is the larger and more populous of the two major islands of Trinidad and Tobago. The island lies 11 km off the northeastern coast of Venezuela and sits on the continental shelf of South America. Though geographically part of the South American continent, from a socio-economic standpoint it is referred to as the southernmost island in the Caribbean. With an area of 4,768 km2, it is the fifth largest in the West Indies; the original name for the island in the Arawaks' language was Iëre which meant "Land of the Hummingbird". Christopher Columbus renamed it "La Isla de la Trinidad", fulfilling a vow he had made before setting out on his third voyage; this has since been shortened to Trinidad. Caribs and Arawaks lived in Trinidad long before Christopher Columbus encountered the islands on his third voyage on 31 July 1498; the island remained Spanish until 1797, but it was settled by French colonists from the French Caribbean Martinique. In 1889 the two islands became a single British Crown colony.
Trinidad and Tobago obtained self-governance in 1958 and independence from the United Kingdom in 1962. Major landforms include the hills of the Northern and Southern Ranges, the Caroni and Oropouche Swamps, the Caroni and Naparima Plains. Major river systems include the Caroni and South Oropouche and Ortoire Rivers. There are many other natural landforms such as waterfalls. Trinidad has two seasons per calendar year: the dry season. El Cerro del Aripo, at 940 metres, is the highest point in Trinidad, it is part of the Aripo Massif and is located in the Northern Range on the island, northeast of the town of Arima. The demographics of Trinidad and Tobago reflect the diversity of this southern-most country in the West Indies, it is sometimes known as a "rainbow island" or more fondly "a callaloo". There is a wide range of ethnicity and culture; the variety of denominations has followed this pattern for decades: Protestant 32.1%, Roman Catholic 21.6%, Hindu 18.2%, Muslim 5%, Jehovah's Witness 1.5%, other 8.4%, none 2.2%, unspecified 11.1%.
Religion in Trinidad and Tobago consists of a diverse array of denominations including Roman Catholic, other Christian denominations and Muslim faiths. There are a minority of people who are followers of Traditional African religions, Afro-American religions, Amerindian religions, Sikhism, Chinese folk religion and Bahá'í. Catholicism constitutes the largest religious denomination of the country; as of the 2011 Trinidad and Tobago Census, the population was 35.43% East Indian, 34.22% African, 7.66% Mixed – African and East Indian, 15.16% Mixed – Other. Venezuela has had a great impact on Trinidad's culture, such as introducing the music style parang to the island. Many groups overlap. For example, a "Dougla" is a person of African and East Indian descent who may identify as being part of either group. There are multiple festivals featuring the music of the Caribbean and the steelpan, which originated in Trinidad and is the country's national instrument; these festivals include the world-renowned Carnival, J'ouvert, Panorama, the national steel pan competition.
Trinidad has many public holidays, such as Indian Arrival Day, Emancipation Day, Independence Day, Republic Day, Labour Day, Boxing Day, New Year's Day, Phagwah, Eid al-Fitr, Corpus Christi, Good Friday, Easter Monday and Spiritual Baptist/Shouter Liberation Day. There are places that can be visited that hold cultural significance, such as Mount Saint Benedict and the Temple in the Sea. Further information: Natural history of Trinidad and Tobago The island of Trinidad has a rich biodiversity; the fauna is overwhelmingly of South American origin. There are about 100 species of mammals including the Guyanan red howler monkey, the collared peccary, the red brocket deer, the ocelot and about 70 species of bats. There are over 400 species of birds including the endemic Trinidad piping-guan. Reptiles are well represented, with about 92 recorded species including the largest species of snake in the world, the green anaconda, the spectacled caiman, one of the largest lizards in the Americas, the green iguana.
The largest of turtles nests on Trinidad's northern beaches. There are 37 recorded frog species, including the tiny El Tucuche golden tree frog, the more widespread huge cane toad. About 43 species of freshwater fishes are known including the well known guppy, it is estimated that there are at least 80,000 arthropods, at least 600 species of butterflies. The economy of Trinidad and Tobago is diversified, based to a large extent on oil, natural gas and agriculture, it is one of the leading gas-based export centres in the world, being the leading exporter of ammonia and methanol and among the top five exporters of liquefied natural gas. This has allowed Trinidad to capitalise on the biggest mineral reserves within its territories, it is an oil-rich country and stable economically. The Venezuela Tertiary Basin is a subsidence basin formed between the Caribbean and South American plates, is bounded on the north by the coast ranges of Venezuela and the Northern Range of Trinidad, bounded on the south by the Guayana Shield.
This Guayana shield supplied fine-grained clastic sediments, which with the subsidence, formed a regional negative gravity anomaly and growth faults. Oil and g
Trinidad and Tobago
Trinidad and Tobago the Republic of Trinidad and Tobago, is a twin island country, the southernmost nation of the West Indies in the Caribbean. It is situated 130 kilometres south of Grenada off the northern edge of the South American mainland, 11 kilometres off the coast of northeastern Venezuela, it shares maritime boundaries with Barbados to the northeast, Grenada to the northwest, Guyana to the southeast, Venezuela to the south and west. The island of Trinidad was a Spanish colony from the arrival of Christopher Columbus in 1498 until Spanish governor Don José María Chacón surrendered the island to a British fleet under the command of Sir Ralph Abercromby in 1797. During the same period, the island of Tobago changed hands among Spanish, French and Courlander colonisers more times than any other island in the Caribbean. Trinidad and Tobago were ceded to Britain in 1802 under the Treaty of Amiens as separate states and unified in 1889. Trinidad and Tobago obtained independence in 1962 and became a republic in 1976.
As of 2015, the sovereign state of Trinidad and Tobago had the third highest GDP per capita based on purchasing power parity in the Americas after the United States and Canada. It is recognised by the World Bank as a high-income economy. Unlike most of the English-speaking Caribbean, the economy is industrial with an emphasis on petroleum and petrochemicals. Trinidad and Tobago is known for its Carnival and Diwali celebrations and as the birthplace of steelpan, the limbo, music styles such as calypso, soca and chutney. Historian E. L. Joseph claimed that Trinidad's Amerindian name was Cairi or "Land of the Humming Bird", derived from the Arawak name for hummingbird, ierèttê or yerettê. However, other authors dispute this etymology with some claiming that cairi does not mean hummingbird and some claiming that kairi, or iere means island. Christopher Columbus renamed it "La Isla de la Trinidad", fulfilling a vow made before setting out on his third voyage of exploration. Tobago's cigar-like shape may have given it its Spanish name and some of its other Amerindian names, such as Aloubaéra and Urupaina, although the English pronunciation is /təˈbeɪɡoʊ/, rhyming with lumbago, "may go".
Trinidad and Tobago are islands situated between 10° 2' and 11° 12' N latitude and 60° 30' and 61° 56' W longitude. At the closest point, Trinidad is just 11 kilometres from Venezuelan territory. Covering an area of 5,128 km2, the country consists of the two main islands and Tobago, numerous smaller landforms, including Chacachacare, Huevos, Gaspar Grande, Little Tobago, St. Giles Island. Trinidad is 4,768 km2 in area with an average length of 80 kilometres and an average width of 59 kilometres. Tobago has an area of about 300 km2, or 5.8% of the country's area, is 41 km long and 12 km at its greatest width. Trinidad and Tobago lie on the continental shelf of South America, are thus geologically considered to lie in South America; the terrain of the islands is a mixture of plains. The highest point in the country is found on the Northern Range at El Cerro del Aripo, 940 metres above sea level; as the majority of the population lives on the island of Trinidad, this is the location of most major towns and cities.
There are four major municipalities in Trinidad: Port of Spain, the capital, San Fernando and Chaguanas. The main town in Tobago is Scarborough. Trinidad is made up of a variety of soil types, the majority being heavy clays; the alluvial valleys of the Northern Range and the soils of the East–West Corridor are the most fertile. The Northern Range consists of Upper Jurassic and Cretaceous metamorphic rocks; the Northern Lowlands consist of younger shallow marine clastic sediments. South of this, the Central Range fold and thrust belt consists of Cretaceous and Eocene sedimentary rocks, with Miocene formations along the southern and eastern flanks; the Naparima Plains and the Nariva Swamp form the southern shoulder of this uplift. The Southern Lowlands consist of Miocene and Pliocene sands and gravels; these overlie oil and natural gas deposits north of the Los Bajos Fault. The Southern Range forms the third anticlinal uplift, it consists of several chains of hills, most famous being the Trinity Hills.
The rocks consist of sandstones, shales and clays formed in the Miocene and uplifted in the Pleistocene. Oil sands and mud volcanoes are common in this area; the climate is tropical. There are two seasons annually: the dry season for the first five months of the year, the rainy season in the remaining seven of the year. Winds are dominated by the northeast trade winds. Unlike most of the other Caribbean islands, both Trinidad and Tobago have escaped the wrath of major devastating hurricanes, including Hurricane Ivan, the most powerful storm to have passed close to the islands in recent history, in September 2004. In the Northern Range, the climate is different in contrast to the sweltering heat of the plains below. With constant cloud and mist cover, heavy rains in the mountains, the temperature is much cooler. Record temperatures for Trinidad and Tobago are 39 °C for the high in Port of Spain, a low of 12 °C; because Trinidad and Tobago lies
Grenada is a country in the West Indies in the Caribbean Sea at the southern end of the Grenadines island chain. Grenada consists of the island of Grenada itself plus six smaller islands which lie to the north of the main island, it is located northwest of Trinidad and Tobago, northeast of Venezuela and southwest of Saint Vincent and the Grenadines. Its size is 348.5 square kilometres, it had an estimated population of 107,317 in 2016. Its capital is St. George's. Grenada is known as the "Island of Spice" due to its production of nutmeg and mace crops, of which it is one of the world's largest exporters; the national bird of Grenada is the critically endangered Grenada dove. Before the arrival of Europeans in the Americas, Grenada was inhabited by the indigenous Arawaks and by the Island Caribs. Christopher Columbus sighted Grenada in 1498 during his third voyage to the Americas. Although it was deemed the property of the King of Spain, there are no records to suggest the Spanish landed or settled on the island.
Following several unsuccessful attempts by Europeans to colonise the island due to resistance from the Island Caribs, French settlement and colonisation began in 1650 and continued for the next century. On 10 February 1763, Grenada was ceded to the British under the Treaty of Paris. British rule continued until 1974. From 1958 to 1962, Grenada was part of the Federation of the West Indies, a short-lived federation of British West Indian colonies. On 3 March 1967, Grenada was granted full autonomy over its internal affairs as an Associated State. Herbert Blaize was the first Premier of the Associated State of Grenada from March to August 1967. Eric Gairy served as Premier from August 1967 until February 1974. Independence was granted on 7 February 1974, without breaking formal ties with the Commonwealth, under the leadership of Eric Gairy, who became the first Prime Minister of Grenada, with Queen Elizabeth as Head of State. In March 1979, the Marxist–Leninist New Jewel Movement overthrew Gairy's government in a coup d'état and established the People's Revolutionary Government, headed by Maurice Bishop as Prime Minister.
On 19 October 1983, hard-line Deputy Prime Minister Bernard Coard and his wife Phyllis, backed by the Grenadian Army, led a coup against the government of Maurice Bishop and placed Bishop under house arrest. Bishop was freed by popular demonstration and attempted to resume power, but he was captured and executed by soldiers, replaced with a military council chaired by Hudson Austin. On 25 October 1983, forces from the United States and the Barbados-based Regional Security System invaded Grenada in a U. S.-led operation code-named Operation Urgent Fury. The invasion was criticised by the governments of Britain and Tobago and Canada, along with the United Nations General Assembly. Elections were held in December 1984 and were won by the Grenada National Party under Herbert Blaize, who served as Prime Minister until his death in December 1989; the origin of the name "Grenada" is obscure, but it is that Spanish sailors renamed the island for the city of Granada. By the beginning of the 18th century, the name "Grenada", or "la Grenade" in French, was in common use.
On his third voyage to the region in 1498, Christopher Columbus sighted Grenada and named it "La Concepción" in honour of the Virgin Mary. It is said that he may have named it "Assumpción", but it is uncertain, as he is said to have sighted what are now Grenada and Tobago from a distance and named them both at the same time. However, history has accepted that it was Tobago he named "Assumpción" and Grenada he named "La Concepción". In 1499, the Italian explorer Amerigo Vespucci travelled through the region with the Spanish explorer Alonso de Ojeda and mapmaker Juan de la Cosa. Vespucci is reported to have renamed the island "Mayo", how it appeared on maps for around the next 20 years. In the 1520s, the Spanish named the islands to the north of Mayo as Los Granadillos after the mainland Spanish town. Shortly after this, Mayo disappeared from Spanish maps and an island called "Granada" took its place. Although it was deemed the property of the King of Spain, there are no records to suggest the Spanish landed or settled on the island.
After French settlement and colonisation in 1652, the French named their colony "La Grenade". On 10 February 1763, the island of La Grenade was ceded to the British under the Treaty of Paris; the British renamed it "Grenada", one of many place name anglicisations they carried out on the island during this time. About 2 million years ago, Grenada was formed as an underwater volcano. Grenada was inhabited by Arawaks and, Island Caribs before it was invaded and colonized by Europeans. Christopher Columbus sighted Grenada in 1498 during his third voyage to the new world. In 1649 a French expedition of 203 men from Martinique led by Jacques du Parquet founded a permanent settlement on Grenada. Within months this led to conflict with the local islanders which lasted until 1654 when the island was subjugated by the French; the indigenous islanders who survived either left for neighbouring islands or retreated to remoter parts of Grenada where they were marginalised—the last distinct communities disappeared during the 1700s.
Warfare continued during the 1600s between the French on Grenada and the Caribs of present-day Dominica and St. Vincent and the Grenadines; the French named their new colony La Grenade, the economy was based on sugar cane and indigo. The French established a capital known as Fort Royal. To shelter from hurricanes the French navy would take refuge in the capital's natural harbour, as no nearby Fren
Dollar is the name of more than 20 currencies, including those of Australia, Hong Kong, Liberia, New Zealand, Singapore and the United States. The U. S. dollar is the official currency of the Caribbean Netherlands, East Timor, Ecuador, El Salvador, the Federated States of Micronesia, the Marshall Islands and Zimbabwe. One dollar is divided into 100 cents. On 15 January 1520, the Kingdom of Bohemia began minting coins from silver mined locally in Joachimsthal and marked on reverse with the Bohemian lion; the coins were called joachimsthaler, which became shortened in common usage to taler. The German name "Joachimsthal" means "Joachim's valley" or "Joachim's dale"; this name found its way into other languages: Czech and Slovenian tolar, Hungarian tallér, Danish and Norwegian daler, Swedish daler, Icelandic dalur, Dutch daalder or daler, Ethiopian ታላሪ, Italian tallero, Greek τάλληρον, τάλιρο, tàlleron, tàliro, Polish talar, Persian dare, as well as – via Dutch – into English as dollar. A Dutch coin depicting a lion was called the leeuwendaler or leeuwendaalder, literally'lion daler'.
The Dutch Republic produced these coins to accommodate its booming international trade. The leeuwendaler circulated throughout the Middle East and was imitated in several German and Italian cities; this coin was popular in the Dutch East Indies and in the Dutch New Netherland Colony. It was in circulation throughout the Thirteen Colonies during the 17th and early 18th centuries and was popularly known as "lion dollar"; the currencies of Romania and Bulgaria are, to this day,'lion'. The modern American-English pronunciation of dollar is still remarkably close to the 17th century Dutch pronunciation of daler; some well-worn examples circulating in the Colonies were known as "dog dollars". Spanish pesos – having the same weight and shape – came to be known as Spanish dollars. By the mid-18th century, the lion dollar had been replaced by Spanish dollar, the famous "pieces of eight", which were distributed in the Spanish colonies in the New World and in the Philippines; the sign is first attested in business correspondence in the 1770s as a scribal abbreviation "ps", referring to the Spanish American peso, that is, the "Spanish dollar" as it was known in British North America.
These late 18th- and early 19th-century manuscripts show that the s came to be written over the p developing a close equivalent to the "$" mark, this new symbol was retained to refer to the American dollar as well, once this currency was adopted in 1785 by the United States. By the time of the American Revolution, Spanish dollars gained significance because they backed paper money authorized by the individual colonies and the Continental Congress. Common in the Thirteen Colonies, Spanish dollars were legal tender in one colony, Virginia. On April 2, 1792, U. S. Secretary of the Treasury Alexander Hamilton reported to Congress the precise amount of silver found in Spanish dollar coins in common use in the states; as a result, the United States dollar was defined as a unit of pure silver weighing 371 4/16th grains, or 416 grains of standard silver. It was specified that the "money of account" of the United States should be expressed in those same "dollars" or parts thereof. Additionally, all lesser-denomination coins were defined as percentages of the dollar coin, such that a half-dollar was to contain half as much silver as a dollar, quarter-dollars would contain one-fourth as much, so on.
In an act passed in January 1837, the dollar's alloy was set at 15%. Subsequent coins would contain the same amount of pure silver as but were reduced in overall weight. On February 21, 1853, the quantity of silver in the lesser coins was reduced, with the effect that their denominations no longer represented their silver content relative to dollar coins. Various acts have subsequently been passed affecting the amount and type of metal in U. S. coins, so that today there is no legal definition of the term "dollar" to be found in U. S. statute. The closest thing to a definition is found in United States Code Title 31, Section 5116, paragraph b, subsection 2: "The Secretary shall sell silver under conditions the Secretary considers appropriate for at least $1.292929292 a fine troy ounce." However, the dollar's constitutional meaning has remained unchanged through the years. Silver was removed from U. S. coinage by 1965 and the dollar became a free-floating fiat currency without a commodity backing defined in terms of real gold or silver.
The US Mint continues to make silver $1-denomination coins, but these are not intended for general circulation. The quantity of silver chosen in 1792 to correspond to one dollar, namely, 371.25 grains of pure silver, is close to the geometric mean of one troy pound and one pennyweight. In what follows, "dollar" will be used as a unit of mass. A troy pound being 5760 grains and a pennyweight being 240 times smaller, or 24 grains, the geometric mean is, to the nearest hundredth, 371.81 grains. This means that the ratio of a pound to a dollar equals the ratio of a dollar to a pennyweight; these ratios are very close to the ratio of a gram to a grain: 15.43. In the United States, the ratio of the value of gold to the value of silver in the period from 1792 to 1873 averaged to about 15.5, being 15 from 1792 to 1834 and around 16 from 1834 to 1873. This is nearly the value of the gold to silver ratio determined by Isaac Newton in 17
A currency, in the most specific sense is money in any form when in use or circulation as a medium of exchange circulating banknotes and coins. A more general definition is that a currency is a system of money in common use for people in a nation. Under this definition, US dollars, pounds sterling, Australian dollars, European euros, Russian rubles and Indian Rupees are examples of currency; these various currencies are recognized as stores of value and are traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are defined by governments, each type has limited boundaries of acceptance. Other definitions of the term "currency" are discussed in their respective synonymous articles banknote and money; the latter definition, pertaining to the currency systems of nations, is the topic of this article. Currencies can be classified into two monetary systems: fiat money and commodity money, depending on what guarantees the currency's value.
Some currencies are legal tender in certain political jurisdictions. Others are traded for their economic value. Digital currency has arisen with the popularity of the Internet. Money was a form of receipt, representing grain stored in temple granaries in Sumer in ancient Mesopotamia and in Ancient Egypt. In this first stage of currency, metals were used as symbols to represent value stored in the form of commodities; this formed the basis of trade in the Fertile Crescent for over 1500 years. However, the collapse of the Near Eastern trading system pointed to a flaw: in an era where there was no place, safe to store value, the value of a circulating medium could only be as sound as the forces that defended that store. A trade could only reach as far as the credibility of that military. By the late Bronze Age, however, a series of treaties had established safe passage for merchants around the Eastern Mediterranean, spreading from Minoan Crete and Mycenae in the northwest to Elam and Bahrain in the southeast.
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 produced by the Peoples of the Sea, brought the trading system of oxhide ingots to an end, it was only the recovery of Phoenician trade in the 10th and 9th centuries BC that led to a return to prosperity, the appearance of real coinage first in Anatolia with Croesus of Lydia and subsequently with the Greeks and Persians. In Africa, many forms of value store have been used, including beads, ivory, various forms of weapons, the manilla currency, ochre and other earth oxides; 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, in many places, various forms of barter still apply; these factors led to the metal itself being the store of value: first silver both silver and gold, at one point bronze.
Now we have other non-precious metals as coins. Metals were mined and stamped into coins; this was to assure the individual accepting the coin that he was getting a certain known weight of precious metal. Coins could be counterfeited, but the existence of standard coins created a new unit of account, which helped lead to banking. Archimedes' principle provided the next link: coins could now be tested for their fine weight of metal, thus the value of a coin could be determined if it had been shaved, debased or otherwise tampered with. Most major economies using coinage had several tiers of coins of different values, made of copper and gold. Gold coins were the most valuable and were used for large purchases, payment of the military and backing of state activities. Units of account were defined as the value of a particular type of gold coin. Silver coins were used for midsized transactions, sometimes defined a unit of account, while coins of copper or silver, or some mixture of them, might be used for everyday transactions.
This system had been used in ancient India since the time of the Mahajanapadas. The exact ratios between the values of the three metals varied between different eras and places. However, the rarity of gold made it more valuable than silver, silver was worth more than copper. In premodern China, the need for credit and for a medium of exchange, less physically cumbersome than large numbers of copper coins led to the introduction of paper money, i.e. banknotes. Their introduction was a gradual process which lasted from the late Tang dynasty into the Song dynasty, it began as a means for merchants to exchange heavy coinage for receipts of deposit issued as promissory notes by wholesalers' shops. These notes were valid for temporary use in a small regional territory. In the 10th century, the Song dynasty government began to circulate these notes amongst the traders in its monopolized salt industry; the Song government granted several shops the right to issue banknotes, in the early 12th century the government took over these shops to produce state-issued currency.
Yet the banknotes issued w
The Spanish dollar known as the piece of eight, is a silver coin, of 38 mm diameter, worth eight Spanish reales, minted in the Spanish Empire following a monetary reform in 1497. The Spanish dollar was used by many countries as the first international/world currency because of its uniformity in standard and milling characteristics; some countries countersigned the Spanish dollar. The Spanish dollar was the coin upon which the original United States dollar was based, it remained legal tender in the United States until the Coinage Act of 1857; because it was used in Europe, the Americas, the Far East, it became the first world currency by the late 18th century. Aside from the U. S. dollar, several other currencies, such as the Canadian dollar, the Japanese yen, the Chinese yuan, the Philippine peso, several currencies in the rest of the Americas, were based on the Spanish dollar and other 8-real coins. Diverse theories link the origin of the "$" symbol to the columns and stripes that appear on one side of the Spanish dollar.
The term peso was used in Spanish to refer to this denomination, it became the basis for many of the currencies in the former Spanish colonies, including the Argentine, Chilean, Costa Rican, Dominican, Guatemalan, Mexican, Paraguayan, Puerto Rican, Salvadoran and Venezuelan pesos. Of these, "peso" remains the name of the official currency in Argentina, Colombia, Dominican Republic, Mexico and Uruguay. Millions of Spanish dollars were minted over the course of several centuries, they were among the most circulating coins of the colonial period in the Americas, were still in use in North America and in South-East Asia in the 19th century. In the 16th century, Count Hieronymus Schlick of Bohemia began minting a coin known as a Joachimsthaler, named for Joachimsthal, the valley in the Ore Mountains where the silver was mined. Joachimstaler was shortened to taler, a word that found its way into Norwegian and Swedish as daler, Russian as талер, Czech and Slovene as tolar, Polish as talar, Dutch as daalder, Amharic as ታላሪ, Hungarian as tallér, Italian as tallero, Greek as τάληρο, Spanish tálero and English as dollar.
The Joachimsthaler weighed 451 Troy grains of silver. So successful were these coins that similar thalers were minted in France; the Burgundian Cross Thaler depicted the Cross of Burgundy and was prevalent in the Burgundian Netherlands that were revolting against the Spanish king and Duke of Burgundy Philip II. After 1575, the Dutch revolting provinces replaced the currency with a daalder depicting a lion, hence its Dutch name leeuwendaalder. To facilitate export trade, the leeuwendaalder was authorized to contain 427.16 grains of.750 fine silver, lighter than the large denomination coins in circulation. It was more advantageous for a Dutch merchant to pay a foreign debt in leeuwendaalders rather than in other heavier, more costly coins. Thus, the leeuwendaalder or lion dollar became the coin of choice for foreign trade, it became popular in the Middle East, colonies in the east and west. They circulated throughout the English colonies during the 17th and early 18th centuries. From New Netherland the lion dollar spread to all thirteen colonies in the west.
English speakers began to apply the word "dollar" to the Spanish peso or "piece of eight" by 1581, widely used in the British North American colonies at the time of the American Revolution, hence adopted as the name and weight of the US monetary unit in the late 18th century. After the introduction of the Guldengroschen in Austria in 1486, the concept of a large silver coin with high purity spread throughout the rest of Europe. Monetary reform in Spain brought about the introduction of an 8-real coin in 1497. In 1537 the Spanish escudo gold coin was introduced, worth 16 reales; the Gold Doubloon was worth 32 reales or 2 escudos. It is this divisibility into 8 which caused the silver coins to be named "pieces of eight". In the following centuries, the coin was minted with several different designs at various mints in Spain and the New World, having gained wide acceptance beyond Spain's borders. Thanks to the vast silver deposits that were found in Potosí in modern-day Bolivia and to a lesser extent in Mexico, to silver from Spain's possessions throughout the Americas, mints in Mexico and Peru began to strike the coin.
The main New World mints for Spanish dollars were at Potosí, Mexico City, silver dollars from these mints could be distinguished from those minted in Spain by the Pillars of Hercules design on the reverse. In the 19th century, the coin's denomination was changed to 20 reales and 2 escudos. Spain's adoption of the peseta in 1869 and its joining the Latin Monetary Union meant the effective end of the last vestiges of the Spanish dollar in Spain itself. However, the 5-peseta coin was smaller and lighter but was of high purity silver. In the 1990s, commemorative 2000-peseta coins were minted, similar in size and weight to the 8 reales and with high fineness. Following independence in 1821, Mexican coinage of silver reales an
Coat of arms
A coat of arms is a heraldic visual design on an escutcheon, surcoat, or tabard. The coat of arms on an escutcheon forms the central element of the full heraldic achievement which in its whole consists of shield, supporters and motto. A coat of arms is traditionally unique to an individual person, state, organization or corporation; the Roll of Arms is a collection of many coats of arms, since the early Modern Age centuries it has been a source of information for public showing and tracing the membership of a noble family, therefore its genealogy across time. The ancient Greek hoplites used individual insignia on their shields; the ancient Romans used similar insignia on their shields. Heraldic designs came into general use among western nobility in the 12th century. Systematic, heritable heraldry had developed by the beginning of the 13th century. Who had a right to use arms, by law or social convention, varied to some degree between countries. Early heraldic designs were personal. Arms become hereditary by the end of the 12th century, in England by King Richard I during the Third Crusade.
Burgher arms are used in Northern Italy in the second half of the 13th century, in the Holy Roman Empire by the mid 14th century. In the late medieval period, use of arms spread to the clergy, to towns as civic identifiers, to royally chartered organizations such as universities and trading companies; the arts of vexillology and heraldry are related. The term coat of arms itself in origin refers to the surcoat with heraldic designs worn by combattants in the knightly tournament, in Old French cote a armer; the sense is transferred to the heraldic design itself in the mid-14th century. Despite no widespread regulation, heraldry has remained consistent across Europe, where tradition alone has governed the design and use of arms; some nations, like England and Scotland, still maintain the same heraldic authorities which have traditionally granted and regulated arms for centuries and continue to do so in the present day. In England, for example, the granting of arms has been controlled by the College of Arms.
Unlike seals and other general emblems, heraldic "achievements" have a formal description called a blazon, which uses vocabulary that allows for consistency in heraldic depictions. In the present day, coats of arms are still in use by a variety of institutions and individuals: for example, many European cities and universities have guidelines on how their coats of arms may be used, protect their use as trademarks. Many societies exist that aid in the design and registration of personal arms. Heraldry has been compared to modern corporate logos; the French system of heraldry influenced the British and Western European systems. Much of the terminology and classifications are taken from it. However, with the fall of the French monarchy there is not a Fons Honorum to enforce heraldic law; the French Republics that followed have either affirmed pre-existing titles and honors or vigorously opposed noble privilege. Coats of arms are considered an intellectual property of municipal body. Assumed arms are considered valid unless they can be proved in court to copy that of an earlier holder.
In the heraldic traditions of England and Scotland, an individual, rather than a family, had a coat of arms. In those traditions coats of arms are legal property transmitted from father to son. Undifferenced arms are used only by one person at any given time. Other descendants of the original bearer could bear the ancestral arms only with some difference: a colour change or the addition of a distinguishing charge. One such charge is the label, which in British usage is now always the mark of an heir apparent or an heir presumptive; because of their importance in identification in seals on legal documents, the use of arms was regulated. This has been carried out by heralds and the study of coats of arms is therefore called "heraldry". In time, the use of arms spread from military entities to educational institutes, other establishments. In Scotland, the Lord Lyon King of Arms has criminal jurisdiction to control the use of arms. In England, Northern Ireland and Wales the use of arms is a matter of civil law and regulated by the College of Arms and the High Court of Chivalry.
In reference to a dispute over the exercise of authority over the Officers of Arms in England, Arthur Annesley, 1st Earl of Anglesey, Lord Privy Seal, declared on 16 June 1673 that the powers of the Earl Marshal were "to order and determine all matters touching arms, ensigns of nobility and chivalry. It was further declared that no patents of arms or any ensigns of nobility should be granted and no augmentation, alteration, or addition should be made to arms without the consent of the Earl Marshal. In Ireland the usage and granting of coats of arms was regulated by the Ulster King of Arms from the office's creation in 1552. After Irish independence in 1922 the office was still working out of Dublin Castle; the last Ulster King of Arm