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Great Depression In Romania
The Great Depression ( or, rarely, ) of 1929–1933, which affected the whole world, had several consequences in the Kingdom of Romania. Romania had been among the winner countries of World War I. It received several new territories (Bessarabia, Bukovina and Transylvania), with many natural resources. However, the war caused heavy human and economic losses to the country. Romania had to fight inflation and the non-convertibility of its currency, the Romanian leu (lei in plural). Romania then had a fundamentally agrarian economy, with agriculture accounting for 63.2% of the national Production (economics), production. The Great Depression affected Romania in several ways. For example, in 1933, the net national income was of 172,614,000,000 lei, only 62% of that of 1929, which was of 275,180,000,000 lei. To fight the economic crisis, the National Bank of Romania carried out various measures and the country took various loans. Help was also called upon from French Third Republic, Fran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
30 Years From Grivița Strike Of 1933
3 (three) is a number, numeral and digit. It is the natural number following 2 and preceding 4, and is the smallest odd prime number and the only prime preceding a square number. It has religious and cultural significance in many societies. Evolution of the Arabic digit The use of three lines to denote the number 3 occurred in many writing systems, including some (like Roman and Chinese numerals) that are still in use. That was also the original representation of 3 in the Brahmic (Indian) numerical notation, its earliest forms aligned vertically. However, during the Gupta Empire the sign was modified by the addition of a curve on each line. The Nāgarī script rotated the lines clockwise, so they appeared horizontally, and ended each line with a short downward stroke on the right. In cursive script, the three strokes were eventually connected to form a glyph resembling a with an additional stroke at the bottom: ३. The Indian digits spread to the Caliphate in the 9th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of Romania
The National Bank of Romania (, BNR) is the central bank of Romania and was established in April 1880. Its headquarters are located in the capital city of Bucharest. The National Bank of Romania is responsible for the issue of the Romanian leu and as such it sets the monetary policy, holds the currency reserves and manages the exchange rate. History The bank's first governor was Ion Câmpineanu. Eugeniu Carada is associated to the National Bank, as he was the founder of the bank and he was elected director of the bank, but he never accepted the role of Governor. In 1916, in the wake of the Central Powers' invasion, the valuables of the National Bank of Romania, together with many other valuables (the Romanian Treasure) were sent to Moscow for safekeeping, but were never returned (except for the Pietroasele treasure - now on display at the National Museum of Romanian History, the numismatic collection of the National Bank, some paintings and archives). On 28 July 1959, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankrupt
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, meaning the term ''bankruptcy'' is not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian , literally meaning . The term is often described as having originated in Renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment. However, the existence of such a ritual is doubted. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " debt slavery" until the creditor recouped losses through their physical labour. Many city-states in ancient Greece limited debt slavery to a perio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peasant
A peasant is a pre-industrial agricultural laborer or a farmer with limited land-ownership, especially one living in the Middle Ages under feudalism and paying rent, tax, fees, or services to a landlord. In Europe, three classes of peasants existed: non-free slaves, semi-free serfs, and free tenants. Peasants might hold title to land outright (fee simple), or by any of several forms of land tenure, among them socage, quit-rent, leasehold, and copyhold. In some contexts, "peasant" has a pejorative meaning, even when referring to farm laborers. As early as in 13th-century Germany, the concept of "peasant" could imply "rustic" as well as "robber", as the English term villain/villein. In 21st-century English, the word "peasant" can mean "an ignorant, rude, or unsophisticated person". The word rose to renewed popularity in the 1940s–1960s as a collective term, often referring to rural populations of developing countries in general, as the "semantic successor to 'native', ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adevărul
(; meaning "The Truth", formerly spelled ''Adevĕrul'') is a Romanian daily newspaper, based in Bucharest. Founded in Iași, in 1871, and reestablished in 1888, in Bucharest, it was the main left-wing press venue to be published during the Kingdom of Romania, Romanian Kingdom's existence, adopting an independent pro-Democracy, democratic position, advocating Land reform in Romania, land reform, and demanding universal suffrage. Under its successive editors Alexandru Beldiman and Constantin Mille, it became noted for its virulent criticism of King of Romania, King Carol I of Romania, Carol I. This stance developed into a Republicanism, republican and Socialism, socialist agenda, which made clash with the Kingdom's authorities on several occasions. As innovative publications which set up several local and international records during the early 20th century, and its sister daily ''Dimineața'' competed for the top position with the right-wing ''Universul'' before and throughout the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Customs
Customs is an authority or Government agency, agency in a country responsible for collecting tariffs and for controlling International trade, the flow of goods, including animals, transports, personal effects, and hazardous items, into and out of a country. Traditionally, customs has been considered as the fiscal subject that charges customs duties (i.e. tariffs) and other taxes on import and export. In recent decades, the views on the functions of customs have considerably expanded and now covers three basic issues: taxation, National security, security, and trade facilitation. Each country has its own laws and regulations for the import and export of goods into and out of a country, enforced by their respective customs authorities; the import/export of some goods may be restricted or forbidden entirely. A wide range of penalties are faced by those who break these laws. Overview Taxation The traditional function of customs has been the assessment and collection of custo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wheat
Wheat is a group of wild and crop domestication, domesticated Poaceae, grasses of the genus ''Triticum'' (). They are Agriculture, cultivated for their cereal grains, which are staple foods around the world. Well-known Taxonomy of wheat, wheat species and hybrids include the most widely grown common wheat (''T. aestivum''), spelt, durum, emmer, einkorn, and Khorasan wheat, Khorasan or Kamut. The archaeological record suggests that wheat was first cultivated in the regions of the Fertile Crescent around 9600 BC. Wheat is grown on a larger area of land than any other food crop ( in 2021). World trade in wheat is greater than that of all other crops combined. In 2021, world wheat production was , making it the second most-produced cereal after maize (known as corn in North America and Australia; wheat is often called corn in countries including Britain). Since 1960, world production of wheat and other grain crops has tripled and is expected to grow further through the middle of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quintal
The quintal or centner is a historical unit of mass in many countries that is usually defined as 100 base units, such as pounds or kilograms. It is a traditional unit of weight in France, Portugal, and Spain and their former colonies. It is commonly used for grain prices in wholesale markets in Ethiopia, Eritrea and India, where 1 quintal = . In British English, it referred to the hundredweight; in American English, it formerly referred to an uncommon measurement of . Languages drawing its cognate name for the weight from Romance languages include French, Portuguese, Romanian and Spanish , Italian , Esperanto , Polish . Languages taking their cognates from Germanicized ''centner'' include the German , Lithuanian , Swedish , Polish , Russian and Ukrainian () and Estonian . Many European languages have come to translate both the British hundredweight (8 stone or ) and the American hundredweight (), as their cognate form of ''quintal'' or ''centner''. Name The concept has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unemployment
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is the proportion of people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the reference period. Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed). Unemployment can have many sources, such as the following: * the status of the economy, which can be influenced by a recession * competition caused by globalization and international trade * new technologies and inventions * policies of the government * regulation and market * war, civil disorder, and natural disasters Unemployment and the status of the economy can be influenced by a country through, for example, fiscal policy. Furthermore, the monetary authority of a country, such as the central bank, can in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrial Production
Industrial production is a measure of output of the industrial sector of the economy. The industrial sector includes manufacturing, mining, and utilities. Although these sectors contribute only a small portion of gross domestic product (GDP), they are highly sensitive to interest rates and consumer demand. This makes industrial production an important tool for forecasting future GDP and economic performance. Industrial production figures are also used by central banks to measure inflation In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of curre ..., as high levels of industrial production can lead to uncontrolled levels of consumption and rapid inflation . See also * Index of industrial production * Industrial Production Index References Economic data Secondary sector of the economy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
