|
History Of Australian Currency
Prior to European colonization, early Aboriginal Australian communities traded using items such as tools, food, ochres, shells, raw materials and stories, although there is no evidence of the use of currencies. After colonization on 26 January 1788, New South Wales became a British colony, and was provided with English currency to be used for formal circulation, though the supply was insufficient and alternative forms of exchange were resorted to. A national Australian currency was created in 1910, as the Australian Pound, which in 1966 was decimalised as the Australian Dollar. From the early 19th century until 1971, the exchange rate of Australian currency was fixed to the British pound. After the dissolution of the Bretton Woods Agreement in 1971, it was fixed to the United States Dollar until, in 1974, it was fixed to a Trade Weighted Index. In 1976, this was changed from a 'hard', to a 'crawling' peg, meaning the exchange rate was changed more frequently. In 1983, Australia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colonization Of Australia
475px, Map of the year each country achieved List of sovereign states by date of formation, independence. Colonization (British English: colonisation) is a process of establishing occupation of or control over foreign territories or peoples for the purpose of cultivation, exploitation, trade and possibly settlement, setting up coloniality and often colonies. Colonization is commonly pursued and maintained by, but distinct from, imperialism, mercantilism, or colonialism. The term "colonization" is sometimes used synonymously with the word "settling", as with colonisation in biology. Settler colonialism is a type of colonization structured and enforced by the settlers directly, while their or their ancestors' metropolitan country (''metropole'') maintains a connection or control through the settler's activities. In settler colonization, a minority group rules either through the assimilation or oppression of the existing inhabitants, or by establishing itself as the demograp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philip Gidley King
Captain Philip Gidley King (23 April 1758 – 3 September 1808) was a Royal Navy officer and colonial administrator who served as the governor of New South Wales from 1800 to 1806. When the First Fleet arrived in January 1788, King was detailed to colonise Norfolk Island for defence and foraging purposes. As Governor of New South Wales, he helped develop livestock farming, whaling and mining, built many schools and launched the colony's first newspaper. But conflicts with the military wore down his spirit, and they were able to force his resignation. King Street in the Sydney CBD is named in his honour. Early years and establishment of Norfolk Island settlement Philip Gidley King was born at Launceston, England on 23 April 1758, the son of draper Philip King, and grandson of Exeter attorney-at-law John Gidley. He joined the Royal Navy at the age of 12 as captain's servant, and was commissioned as a lieutenant in 1778. King served under Arthur Phillip who chose him as se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Exchange Standard
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves. Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a ''de facto'' gold standard in 1717 when Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the world's leading financial a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Latin America
Latin America is the cultural region of the Americas where Romance languages are predominantly spoken, primarily Spanish language, Spanish and Portuguese language, Portuguese. Latin America is defined according to cultural identity, not geography, and as such it includes countries in both North and South America. Most countries south of the United States tend to be included: Mexico and the countries of Central America, South America and the Caribbean. Commonly, it refers to Hispanic America plus Brazil. Related terms are the narrower Hispanic America, which exclusively refers to Spanish-speaking nations, and the broader Ibero-America, which includes all Iberic countries in the Americas and occasionally European countries like Spain, Portugal and Andorra. Despite being in the same geographical region, English- and Dutch language, Dutch-speaking countries and territories are excluded (Suriname, Guyana, the Falkland Islands, Jamaica, Trinidad and Tobago, Belize, etc.), and French- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Potosí
Potosí, known as Villa Imperial de Potosí in the colonial period, is the capital city and a municipality of the Potosí Department, Department of Potosí in Bolivia. It is one of the list of highest cities in the world, highest cities in the world at a nominal 4,067 m (13,343 ft). For centuries, it was the location of National Mint of Bolivia, the Spanish colonial silver mint. A considerable amount of the city's colonial architecture has been preserved in the historic center of the city, which—along with the globally important Cerro Rico de Potosí—are part of a designated UNESCO World Heritage Site. Potosí lies at the foot of the ''Cerro Rico, Cerro de Potosí''—sometimes referred to as the ''Cerro Rico'' ("rich mountain")—a mountain popularly conceived of as being "made of" silver ore that dominates the city. The Cerro Rico is the reason for Potosí's historical importance since it was the major supply of silver for the Spanish Empire until Guanajuato City, Guanajuato ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mexico City
Mexico City is the capital city, capital and List of cities in Mexico, largest city of Mexico, as well as the List of North American cities by population, most populous city in North America. It is one of the most important cultural and financial centers in the world, and is classified as an Globalization and World Cities Research Network, Alpha world city according to the Globalization and World Cities Research Network (GaWC) 2024 ranking. Mexico City is located in the Valley of Mexico within the high Mexican central plateau, at an altitude of . The city has 16 Boroughs of Mexico City, boroughs or , which are in turn divided into List of neighborhoods in Mexico City, neighborhoods or . The 2020 population for the city proper was 9,209,944, with a land area of . According to the most recent definition agreed upon by the federal and state governments, the population of Greater Mexico City is 21,804,515, which makes it the list of largest cities#List, sixth-largest metropolitan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lima
Lima ( ; ), founded in 1535 as the Ciudad de los Reyes (, Spanish for "City of Biblical Magi, Kings"), is the capital and largest city of Peru. It is located in the valleys of the Chillón River, Chillón, Rímac River, Rímac and Lurín Rivers, in the desert zone of the central coastal part of the country, overlooking the Pacific Ocean. The city is considered the political, cultural, financial and commercial center of Peru. Due to its geostrategic importance, the Globalization and World Cities Research Network has categorized it as a "beta" tier city. Jurisdictionally, the metropolis extends mainly within the province of Lima and in a smaller portion, to the west, within the Constitutional Province of Callao, where the seaport and the Jorge Chávez Airport are located. Both provinces have regional autonomy since 2002. The 2023 census projection indicates that the city of Lima has an estimated population of 10,092,000 inhabitants, making it the List of cities in the Americas b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Tender
Legal tender is a form of money that Standard of deferred payment, courts of law are required to recognize as satisfactory payment in court for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which, when offered ("tendered") in payment of a debt, extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. It is generally only mandatory to recognize the payment of legal tender in the discharge of a monetary debt from a debtor to a creditor. Sellers offering to enter into contractual relationship, such as a contract for the sale of goods, do not need to accept legal tender and may instead contractually require payment using electronic methods, foreign currencies or any other legally recognized object of value. Coins and banknotes are usually defined as legal tender in many countries, but personal cheque, checks, credit c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Note
A banknote or bank notealso called a bill (North American English) or simply a noteis a type of paper money that is made and distributed ("issued") by a bank of issue, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authorities. By extension, the word "banknote" is sometimes used (including by collectors) to refer more generally to paper money, but in a strict sense notes that have not been issued by banks, e.g. government notes, are not banknotes. National banknotes are often, but not always, legal tender, meaning that courts of law are required to recognize them as satisfactory pay ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Westpac
Westpac Banking Corporation, also known as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney. Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1981 before being renamed to Westpac Banking Corporation in 1982. Westpac is one of Australia's Big Four banks, and is Australia's first and oldest banking institution. Its name is a portmanteau of "Western" and "Pacific". As of 2024 Westpac has 13 million customers worldwide, and employs around 35,000 people. In 2022 Westpac held the 53rd position in the "Top 1000 World Banks". History In 1982 Westpac Banking Corporation was formed by the merger of the Bank of New South Wales and the Commercial Bank of Australia. The new name, Westpac, was a portmanteau reflecting its mission of becoming a significant Western Pacific bank. The brand name incorporated the "W" that had been the logo of the Bank of New South Wale ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holey Dollar
Holey dollar is the name given to coins used in the early history of two British settlements: Prince Edward Island (now part of Canada) and New South Wales (now part of Australia). The middle was punched out of Spanish dollars, creating two parts: a small coin, known as a "dump" in Australia, and a "holey dollar". This was one of the first coins struck in Australia. Spanish dollar From 1497, the Spanish government started to mint a large silver coin that, through wide circulation, became known as the Spanish dollar. It was also known as the ''peso of eight reales'', or ''Piece of eight royals''. Prince Edward Island (Canada) Around the end of the 18th century, the Spanish dollar was in constant circulation in Eastern Canada and the United States. The value of the coin varied in different centres but was highest in Halifax. Therefore, whenever the merchants of Prince Edward Island (PEI) secured them, they sent them to Halifax to take advantage of the higher rate. The result ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australia 1852 Adelaide Pound
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 has a total area of , making it the sixth-largest country in the world and the largest in Oceania. Australia is the world's flattest and driest inhabited continent. It is a megadiverse country, and its size gives it a wide variety of landscapes and climates including deserts in the interior and tropical rainforests along the coast. The ancestors of Aboriginal Australians began arriving from south-east Asia 50,000 to 65,000 years ago, during the last glacial period. By the time of British settlement, Aboriginal Australians spoke 250 distinct languages and had one of the oldest living cultures in the world. Australia's written history commenced with Dutch exploration of most of the coastline in the 17th century. British colonisation began in 1788 with the establishment of the penal colony of Ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
