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Hungarian Pengő
The pengő (; sometimes spelled as ''pengo'' or ''pengoe'' in English) was the currency of Kingdom of Hungary (1920–46), Hungary between 1 January 1927, when it replaced the Hungarian korona, korona, and 31 July 1946, when it was replaced by Hungarian forint, the forint. The pengő was subdivided into 100 fillér. Although the introduction of the pengő was part of a post-World War I stabilisation program, the currency survived for only 20 years and experienced the most extreme hyperinflation ever recorded. Name The Hungarian participle ''pengő'' means 'ringing' (which in turn derives from the verb ''peng'', an Onomatopoeia, onomatopoeic word equivalent to English 'ring') and was used from the 15th to the 17th century to refer to silver coins making a ringing sound when struck on a hard surface, thus indicating their precious metal content. (The onomatopoeic word used for gold coins is ''csengő'', an equivalent of English 'clinking' meaning a sharper sound; the participle use ...
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Milpengő
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real versus nominal value (economics), real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. Effective capital controls and currency substitution ("dollarization") are the orthodox solutions to ending short-term hyperinflation; however, there are significant social and economic costs to these policies. Ineffective implementations of these solutions often exacerbate the situation. Many governments choose to attempt to solve structural issues without resorting to those solutions, with the goal of bringing inflation down slowly while minimizing social costs of further economic shocks; however, this can lead to a prolonged period of high inflation. Unlike low inflation, where the process of rising prices is protracted and not generally noticeab ...
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Francis II Rákóczi
Francis II Rákóczi (, ; 27 March 1676 – 8 April 1735) was a Hungarian nobleman and leader of the Rákóczi's War of Independence against the Habsburgs in 1703–1711 as the prince () of the Estates Confederated for Liberty of the Kingdom of Hungary. He was also Prince of Transylvania, an Imperial Prince, and a member of the Order of the Golden Fleece. Today he is considered a national hero in Hungary. His name is historically also spelled Rákóczy, in , in , in , in (, ), in , in . Although the Hungarian parliament offered Rákóczi the royal crown, he refused it, choosing instead the temporary title of the "Ruling Prince of Hungary". Rákóczi intended to bear this military-sounding title only during the anti-Habsburg war of independence. By refusing the royal crown, he proclaimed to Hungary that it was not his personal ambition that drove the war of liberation against the Habsburg dynasty. Childhood He was the richest landlord in the Kingdom of Hungary and the count (' ...
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Gold
Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal, a group 11 element, and one of the noble metals. It is one of the least reactivity (chemistry), reactive chemical elements, being the second-lowest in the reactivity series. It is solid under standard temperature and pressure, standard conditions. Gold often occurs in free elemental (native state (metallurgy), native state), as gold nugget, nuggets or grains, in rock (geology), rocks, vein (geology), veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as in electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to ...
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League Of Nations
The League of Nations (LN or LoN; , SdN) was the first worldwide intergovernmental organisation whose principal mission was to maintain world peace. It was founded on 10 January 1920 by the Paris Peace Conference (1919–1920), Paris Peace Conference that ended the World War I, First World War. The main organisation ceased operations on 18 April 1946 when many of its components were relocated into the new United Nations (UN) which was created in the aftermath of the World War II, Second World War. As the template for modern global governance, the League profoundly shaped the modern world. The League's primary goals were stated in its Covenant of the League of Nations, eponymous Covenant. They included preventing wars through collective security and Arms control, disarmament and settling international disputes through negotiation and arbitration. Its other concerns included labour conditions, just treatment of native inhabitants, Human trafficking, human and Illegal drug tra ...
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Austro-Hungarian Krone
The krone (alternatively crown; , , , , , , , , , ) was the official currency of Austria-Hungary from 1892 (when it replaced the Austro-Hungarian gulden, gulden as part of the adoption of the gold standard) until the dissolution of the empire in 1918. The subunit was one hundredth of the main unit, and was called a in the Austrian and a in the Hungarian part of the Empire. Name The official name of the currency was (, plural, pl. ) in Austria and in Hungary. The Latin form (plural ), abbreviated to on the smaller coins, was used for the coinage of the mostly German-speaking part of the empire known as Cisleithania. Currency names in other ethnic languages were also recognised and appeared on the banknotes: (pl. ) in Czech language, Czech, (pl. ) in Polish language, Polish, , (pl. , ) in Ukrainian language, Ukrainian, (pl. ) in Italian language, Italian, (pl. ) in Slovene language, Slovene, / (singular and plural) in Serbo-Croatian, (pl. ) in Slovak language, Slov ...
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Austro-Hungarian Bank
The Austro-Hungarian Bank (, , , , , , ) was the central bank of the Habsburg Monarchy in the 19th and early 20th centuries. The institution was founded in 1816 as the privilegirte oesterreichische National-Bank (), and changed its name in 1878 as a delayed consequence of the Austro-Hungarian Compromise of 1867. It was liquidated in the financial turmoil following the collapse of the Habsburg Monarchy in late 1918, and was principally succeeded by the Oesterreichische Nationalbank in Vienna, the Hungarian National Bank in Budapest, the National Bank of Czechoslovakia in Prague, and the National Bank of the Kingdom of Serbs, Croats and Slovenes in Belgrade. Background The first note-issuing institution in the Habsburg Monarchy was the Municipal Bank of Vienna or Wiener Stadtbank, established in 1706. It started issuing banknotes in 1762, which were known as "Bancozettel". During the Napoleonic Wars, the imperial Austrian government issued paper money of its own and rapidly increa ...
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Treaty Of Saint-Germain
A treaty is a formal, legally binding written agreement between sovereign states and/or international organizations that is governed by international law. A treaty may also be known as an international agreement, protocol, covenant, convention, pact, or exchange of letters, among other terms; however, only documents that are legally binding on the parties are considered treaties under international law. Treaties may be bilateral (between two countries) or multilateral (involving more than two countries). Treaties are among the earliest manifestations of international relations; the first known example is a border agreement between the Sumerian city-states of Lagash and Umma around 3100 BC. International agreements were used in some form by most major civilizations and became increasingly common and more sophisticated during the early modern era. The early 19th century saw developments in diplomacy, foreign policy, and international law reflected by the widespread use of t ...
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Interwar Period
In the history of the 20th century, the interwar period, also known as the interbellum (), lasted from 11 November 1918 to 1 September 1939 (20 years, 9 months, 21 days) – from the end of World War I (WWI) to the beginning of World War II (WWII). It was relatively short, yet featured many social, political, military, and economic changes throughout the world. Petroleum-based energy production and associated mechanisation led to the prosperous Roaring Twenties, a time of social mobility, social and economic mobility for the middle class. Automobiles, electric lighting, radio, and more became common among populations in the developed world, first world. The era's indulgences were followed by the Great Depression, an unprecedented worldwide economic downturn that severely damaged many of the world's largest economies. Politically, the era coincided with the rise of communism, starting in Russia with the October Revolution and Russian Civil War, at the end of WWI, and ended with ...
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Romanian Language
Romanian (obsolete spelling: Roumanian; , or , ) is the official and main language of Romania and Moldova. Romanian is part of the Eastern Romance languages, Eastern Romance sub-branch of Romance languages, a linguistic group that evolved from several dialects of Vulgar Latin which separated from the Italo-Western languages, Western Romance languages in the course of the period from the 5th to the 8th centuries. To distinguish it within the Eastern Romance languages, in comparative linguistics it is called ''#Dialects, Daco-Romanian'' as opposed to its closest relatives, Aromanian language, Aromanian, Megleno-Romanian language, Megleno-Romanian, and Istro-Romanian language, Istro-Romanian. It is also spoken as a minority language by stable communities in the countries surrounding Romania (Romanians in Bulgaria, Bulgaria, Romanians in Hungary, Hungary, Romanians in Serbia, Serbia and Romanians in Ukraine, Ukraine), and by the large Romanian diaspora. In total, it is spoken by 2 ...
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Rusyn Language
Rusyn ( ; ; )http://theses.gla.ac.uk/2781/1/2011BaptieMPhil-1.pdf , p. 8. is an East Slavic language spoken by Rusyns in parts of Central and Eastern Europe, and written in the Cyrillic script. The majority of speakers live in Carpathian Ruthenia, which includes Transcarpathia and parts of eastern Slovakia and south-eastern Poland. There is also a sizeable Pannonian Rusyn linguistic island in Vojvodina, Serbia, and a Rusyn diaspora worldwide. Under the European Charter for Regional or Minority Languages, it is recognized as a protected minority language by Bosnia and Herzegovina, Croatia, Hungary, Romania, Poland (as Lemko), Serbia, and Slovakia. The categorization of Rusyn as a language or dialect is a source of controversy. Czech, Slovak, and Hungarian, as well as American and some Polish and Serbian linguists treat it as a distinct language (with its own ISO 639-3 code), whereas other scholars (in Ukraine, Poland, Serbia, and Romania) treat it as a dialect of Ukrainia ...
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Serbo-Croatian
Serbo-Croatian ( / ), also known as Bosnian-Croatian-Montenegrin-Serbian (BCMS), is a South Slavic language and the primary language of Serbia, Croatia, Bosnia and Herzegovina, and Montenegro. It is a pluricentric language with four mutually intelligible Standard language, standard varieties, namely Serbian language, Serbian, Croatian language, Croatian, Bosnian language, Bosnian, and Montenegrin language, Montenegrin. South Slavic languages historically formed a dialect continuum. The region's turbulent history, particularly due to the expansion of the Ottoman Empire, led to a complex dialectal and religious mosaic. Due to population migrations, Shtokavian became the most widespread supradialect in the western Balkans, encroaching westward into the area previously dominated by Chakavian and Kajkavian. Bosniaks, Croats, and Serbs differ in religion and were historically often part of different cultural spheres, although large portions of these populations lived side by side und ...
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Slovak Language
Slovak ( ; endonym: or ), is a West Slavic language of the Czech-Slovak languages, Czech–Slovak group, written in Latin script and formerly in Cyrillic script. It is part of the Indo-European languages, Indo-European language family, and is one of the Slavic languages, which are part of the larger Balto-Slavic languages, Balto-Slavic branch. Spoken by approximately 5 million people as a native language, primarily ethnic Slovaks, it serves as the official language of Slovakia and one of the 24 official languages of the European Union. Slovak is closely related to Czech language, Czech, to the point of very high mutual intelligibility, as well as to Polish language, Polish. Like other Slavic languages, Slovak is a fusional language with a complex system of morphology (linguistics), morphology and relatively flexible word order. Its vocabulary has been extensively influenced by Latin and German language, German, as well as other Slavic languages. History The Czech–Slovak gr ...
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