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Stockholms Banco
Stockholms Banco (also known as the Palmstruch's Bank, sv, Palmstruchska banken) was the first European bank to print banknotes. It was founded in 1657 by Johan Palmstruch in Stockholm, began printing banknotes in 1661, but ran into financial difficulties and was liquidated in 1667. Stockholms Banco was the immediate precursor to the central bank of Sweden, founded in 1668 as ''Riksens Ständers Bank'' and renamed in 1866 as Sveriges Riksbank, which is the world's oldest surviving central bank. The founding of Stockholms Banco Johan Palmstruch had made two failed proposals for the creation of a banking institution in the 1650s before his third proposal, with the addition of a promise to pay half of the bank's profits to the crown, was accepted. King Charles X Gustav thus signed two charters on November 30, 1656 to create an exchange bank and a loans bank. The first of these (which opened in July 1657) took deposits for a fee (and accruing no interest) with the account owner l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silver
Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. The metal is found in the Earth's crust in the pure, free elemental form ("native silver"), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a byproduct of copper, gold, lead, and zinc Refining (metallurgy), refining. Silver has long been valued as a precious metal. Silver metal is used in many bullion coins, sometimes bimetallism, alongside gold: while it is more abundant than gold, it is much less abundant as a native metal. Its purity is typically measured on a per-mille basis; a 94%-pure alloy is described as "0.940 fine". As one of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Established In 1657
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1657 Establishments In Sweden
Events January–March * January 8 – Miles Sindercombe and his group of disaffected Levellers are betrayed, in their attempt to assassinate Oliver Cromwell, by blowing up the Palace of Whitehall in London, and arrested. * February 4 – Oliver Cromwell gives Antonio Fernandez Carvajal the assurance of the right of Jews to remain in England. * February 23 – In England, the ''Humble Petition and Advice'' offers Lord Protector Cromwell the crown. * March 2 – The Great Fire of Meireki in Edo, Japan, destroys most of the city and damages Edo Castle, killing an estimated 100,000 people. * March 23 – Anglo-Spanish War (1654–60): By the Treaty of Paris, France and England form an alliance against Spain; England will receive Dunkirk. April–June * April 20 **In the Battle of Santa Cruz de Tenerife during the Anglo-Spanish War, English Admiral Robert Blake attempts to seize a Spanish treasure fleet. ** The Jews of New Amsterdam (later Ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Sweden
The economic history of Sweden has since the Iron Age been characterized by extensive foreign trade based on a small number of export and import commodities, often derived from the widely available raw materials iron ore and wood. An industrial expansion in the latter half of the 19th century transformed the society on many levels. Natural-resource-rich regions benefited from the First Industrial Revolution. A growth surge in Sweden later benefited virtually the whole country during the Second Industrial Revolution. It fostered a broad export-oriented engineering industry with companies such as LM Ericsson, Asea, Alfa Laval, Aga, Electrolux, SKF and Volvo reaching well established positions on the global market and becoming drivers of GDP growth. In addition to engineering, the pulp and paper, steel, and chemical industries developed to reach international prominence. By the 1970s, Sweden had become one of the wealthiest nations of the world. The growth slowed down during the follow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Sweden
A bank is a financial institution that accepts 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. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of 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 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 of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Amsterdam
The Bank of Amsterdam ( nl, Amsterdamsche Wisselbank, lit=Exchange Bank of Amsterdam) was an early bank, vouched for by the city of Amsterdam, and established in 1609. It was the first public bank to offer accounts not directly convertible to coin. As such, it has been described as the first true central bank, even though that view is not uniformly shared and a similar claim has been made for the Taula de canvi of Barcelona, established two centuries earlier. Unlike the Bank of England, established almost a century later, it neither managed the national currency nor acted as a lending institution (except to the government in emergencies); it was intended to defend coinage standard. The role of the Wisselbank was to correctly estimate the value of coins and thus make debasement less profitable. It occupied a central position in the financial world of its day, providing an effective, efficient and trusted system for national and international payments, and introduced the first-e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hamburger Bank
The Hamburger Bank was a public credit institution founded in 1619 by the Free City of Hamburg. It operated independently until 31 December 1875, when it became part of the newly created Reichsbank. History The Hamburg City Council made the decision to create the bank in February 1619, following lengthy negotiations with its civic stakeholders. Like its model, the Amsterdamsche Wisselbank which had been founded in 1609, it was intended to improve monetary stability in uncertain times and to simplify trade between merchants. The numerous English merchant adventurers, Portuguese Sephardi Jews and Dutch religious refugees living in Hamburg at the time brought their capital and knowledge to the bank, thus contributing to its initial success. The bank was administered free of charge by two senators, two City elders (''Oberalten''), two "treasury citizens" (''Kammereibürger'') and five "bank citizens" (''Bancobürger''), namely citizens who had an account at the bank. The bank's prem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Del Giro
The Banco del Giro ( Venetian: ''Banco del Ziro''), also Banco Giro or Bancogiro, sometimes referred to in English as the Bank of Venice, was a public bank created by the Republic of Venice. It was governed by a magistrate called the ''Depositario''. History An early proposal for a ''banco per Comune'', a public municipal bank that would complement the operation of Venice's private banks, was made to the Venetian Senate by Senator Giovanni Dolfin in 1356. A comparable proposal was made again in 1374 by a committee headed by Michele Morosini. In 1587 the Republic founded the Banco della Piazza di Rialto to allow easy transactions' settlement without handling of metallic money. The ''Banco del Giro'' was established in 1619 and its administration was entrusted to the Senate, which appointed the ''Depositario'' from among its members. In 1637, the ''Banco di Rialto'' was merged into the ''Banco del Giro'' following financial difficulties. The bank ceased its activity in 1800, fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taula De Canvi
The Taula de canvi ("Table of change" in Catalan), also Taula de cambi or simply Taula, was a type of municipal public bank that existed in the Crown of Aragon in the late Middle Ages and early modern period. The Taula de canvi of Barcelona, created in 1401 and still extant in diminished form in the 19th century, has been described as the first-ever central bank. Barcelona The first Taula de canvi was created following a request of the city of Barcelona's main governing body, the Consell de Cent, calling for the establishment of a public bank on 25 April 1400. It ceremonially started its operations on 20 January 1401, inside Barcelona's '. Structure and governance The Taula's charter, dated 1405 or 1412 depending on authors, is the oldest preserved public bank regulation. Its design remained essentially unchanged for 300 years until the early 18th century. The Taula was a fully-owned operation of the city with a city guarantee of its deposits, and there is no evidence that it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kreditivsedlar
Stockholms Banco (also known as the Palmstruch's Bank, sv, Palmstruchska banken) was the first European bank to print banknotes. It was founded in 1657 by Johan Palmstruch in Stockholm, began printing banknotes in 1661, but ran into financial difficulties and was liquidated in 1667. Stockholms Banco was the immediate precursor to the central bank of Sweden, founded in 1668 as ''Riksens Ständers Bank'' and renamed in 1866 as Sveriges Riksbank, which is the world's oldest surviving central bank. The founding of Stockholms Banco Johan Palmstruch had made two failed proposals for the creation of a banking institution in the 1650s before his third proposal, with the addition of a promise to pay half of the bank's profits to the crown, was accepted. King Charles X Gustav thus signed two charters on November 30, 1656 to create an exchange bank and a loans bank. The first of these (which opened in July 1657) took deposits for a fee (and accruing no interest) with the account owner l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Copper
Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orange color. Copper is used as a conductor of heat and electricity, as a building material, and as a constituent of various metal alloys, such as sterling silver used in jewelry, cupronickel used to make marine hardware and coins, and constantan used in strain gauges and thermocouples for temperature measurement. Copper is one of the few metals that can occur in nature in a directly usable metallic form ( native metals). This led to very early human use in several regions, from circa 8000 BC. Thousands of years later, it was the first metal to be smelted from sulfide ores, circa 5000 BC; the first metal to be cast into a shape in a mold, c. 4000 BC; and the first metal to be purposely alloyed with another metal, tin, to create ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
