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International Monetary Systems
An international monetary system is a set of internationally agreed rules, conventions and supporting institutions that facilitate international trade, cross border investment and generally the reallocation of capital between states that have different currencies. It should provide means of payment acceptable to buyers and sellers of different nationalities, including deferred payment. To operate successfully, it needs to inspire confidence, to provide sufficient liquidity for fluctuating levels of trade, and to provide means by which global imbalances can be corrected. The system can grow organically as the collective result of numerous individual agreements between international economic factors spread over several decades. Alternatively, it can arise from a single architectural vision, as happened at Bretton Woods in 1944. Historical overview Throughout history, precious metals such as gold and silver have been used for trade, sometimes in the form of bullion, and from earl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Trade
International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (See: World economy.) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, salt roads), its economic, social, and political importance has been on the rise in recent centuries. Carrying out trade at an international level is a complex process when compared to domestic trade. When trade takes place between two or more states, factors like currency, government policies, economy, judicial system, laws, and markets influence trade. To ease and justify the process of trade between countries of different economic standing in the modern era, some international economic organizations were formed, such as the World Trade Organization. These organizations work towards the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Exchange Market
The foreign exchange market (forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. By trading volume, it is by far the largest market in the world, followed by the credit market. The main participants are the larger international banks. Financial centres function as anchors of trading between a range of multiple types of buyers and sellers around the clock, with the exception of weekends. As currencies are always traded in pairs, the market does not set a currency's absolute value, but rather determines its relative value by setting the market price of one currency if paid for with another. Example: 1 USD is worth 1.1 Euros or 1.2 Swiss Francs etc. The market works through financial institutions and operates on several levels. Behind the scenes, banks turn to a smaller number of financial firms known as "dealers", who are involve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spanish Dollar
The Spanish dollar, also known as the piece of eight (, , , or ), is a silver coin of approximately diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content fine silver. It was widely used as the first international currency because of its uniformity in standard and milling characteristics. Some countries countermarked the Spanish dollar so it could be used as their local currency. Because the Spanish dollar was widely used in Europe, the Americas, and the Far East, it became the first world currency by the 16th century. The Spanish dollar was the coin upon which the original United States dollar was based (at ), and it remained legal tender in the United States until the Coinage Act of 1857. Many other currencies around the world, such as the Japanese yen and the Chinese yuan, were initially based on the Spanish dollar and other 8-real coins. Most theories trace the origin of the "$" symbol, which origina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Age Of Imperialism
Imperialism is the maintaining and extending of power over foreign nations, particularly through expansionism, employing both hard power (military and economic power) and soft power ( diplomatic power and cultural imperialism). Imperialism focuses on establishing or maintaining hegemony and a more formal empire. While related to the concept of colonialism, imperialism is a distinct concept that can apply to other forms of expansion and many forms of government. Etymology and usage The word ''imperialism'' was derived from the Latin word , which means 'to command', 'to be sovereign', or simply 'to rule'. It was coined in the 19th century to decry Napoleon III's despotic militarism and his attempts at obtaining political support through foreign military interventions. The term became common in the current sense in Great Britain during the 1870s; by the 1880s it was used with a positive connotation. By the end of the 19th century, the term was used to describe the behavior of e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ottoman Empire
The Ottoman Empire (), also called the Turkish Empire, was an empire, imperial realm that controlled much of Southeast Europe, West Asia, and North Africa from the 14th to early 20th centuries; it also controlled parts of southeastern Central Europe, between the early 16th and early 18th centuries. The empire emerged from a Anatolian beyliks, ''beylik'', or principality, founded in northwestern Anatolia in by the Turkoman (ethnonym), Turkoman tribal leader Osman I. His successors Ottoman wars in Europe, conquered much of Anatolia and expanded into the Balkans by the mid-14th century, transforming their petty kingdom into a transcontinental empire. The Ottomans ended the Byzantine Empire with the Fall of Constantinople, conquest of Constantinople in 1453 by Mehmed II. With its capital at History of Istanbul#Ottoman Empire, Constantinople (modern-day Istanbul) and control over a significant portion of the Mediterranean Basin, the Ottoman Empire was at the centre of interacti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Dinar
The gold dinar () is an Islamic medieval gold coin first issued in AH 77 (696–697 CE) by Caliph Abd al-Malik ibn Marwan. The weight of the dinar is 1 mithqal (). The word ''dinar'' comes from the Latin word denarius, which was a silver coin. The name "dinar" is also used for Sasanid, Kushan, and Kidarite gold coins, though it is not known what the contemporary name was. The first dinars were issued by the Umayyad Caliphate. Under the dynasties that followed the use of the dinar spread from Islamic Spain to Central Asia. Background Although there was a dictum that the Byzantine solidus was not to be used outside of the Byzantine empire, some of these coins became involved in distant trade; those then did not get re-minted by the imperial mints, and quickly became worn. Towards the end of the 7th century CE, Arabic copies of solidi – dinars issued by the caliph Abd al-Malik (685–705 CE), who had access to supplies of gold from the upper Nile – ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Denarius
The ''denarius'' (; : ''dēnāriī'', ) was the standard Ancient Rome, Roman silver coin from its introduction in the Second Punic War to the reign of Gordian III (AD 238–244), when it was gradually replaced by the ''antoninianus''. It continued to be minted in very small quantities, likely for ceremonial purposes, until and through the Tetrarchy (293–313). The word ''dēnārius'' is derived from the Latin ''dēnī'' "containing ten", as its value was originally of 10 ''As (Roman coin), assēs''.Its value was increased to 16 assēs in the middle of the 2nd century BC. The word for "money" descends from it in Italian (''denaro''), Slovene (''denar''), Portuguese (''dinheiro''), and Spanish (''dinero''). Its name also survives in the dinar currency. Its symbol is represented in Unicode as 𐆖 (U+10196), a numeral monogram that appeared on the obverse in the Republican period, denoting the 10 ''asses'' ("X") to 1 ''denarius'' ("I") conversion rate. However it can also be re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roman Empire
The Roman Empire ruled the Mediterranean and much of Europe, Western Asia and North Africa. The Roman people, Romans conquered most of this during the Roman Republic, Republic, and it was ruled by emperors following Octavian's assumption of effective sole rule in 27 BC. The Western Roman Empire, western empire collapsed in 476 AD, but the Byzantine Empire, eastern empire lasted until the fall of Constantinople in 1453. By 100 BC, the city of Rome had expanded its rule from the Italian peninsula to most of the Mediterranean Sea, Mediterranean and beyond. However, it was severely destabilised by List of Roman civil wars and revolts, civil wars and political conflicts, which culminated in the Wars of Augustus, victory of Octavian over Mark Antony and Cleopatra at the Battle of Actium in 31 BC, and the subsequent conquest of the Ptolemaic Kingdom in Egypt. In 27 BC, the Roman Senate granted Octavian overarching military power () and the new title of ''Augustus (title), Augustus'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roman Currency
Roman currency for most of Roman history consisted of gold, silver, bronze, orichalcum#Numismatics, orichalcum and copper coinage. From its introduction during the Roman Republic, Republic, in the third century BC, through Roman Empire, Imperial times, Roman currency saw many changes in form, denomination, and composition. A feature was the inflationary debasement and replacement of coins over the centuries. Notable examples of this followed the reforms of Diocletian. This trend continued with Byzantine currency. Due to the economic power and longevity of the Roman state, Roman currency was widely used throughout western Eurasia and northern Africa from classical times into the Middle Ages. It served as a model for the currencies of the List of Muslim states and dynasties, Muslim caliphates and the European states during the Middle Ages and the Modern Era. Roman currency names survive today in many countries via the Carolingian monetary system, such as the dinar (from the ''denari ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Persian Daric
The daric was a gold coin which, along with a similar silver coin, the siglos, represented the bimetallic monetary standard of the Achaemenid Empire.Michael Alram"DARIC" ''Encyclopaedia Iranica'', December 15, 1994, last updated November 17, 2011 Cyrus the Great (550–530 BC) introduced coins to the Persian Empire after 546 BC, following his conquest of Lydia and the defeat of its king Croesus, who had put in place the first coinage in history. It seems Cyrus initially adopted the Lydian coinage as such, and continued to strike Lydia's lion-and-bull coinage. Darius I (521–486 BC) introduced a new thick gold coin which had a standard weight of 8.4 grams, equaling in value 20 silver coins. The gold used in the coins was of very high quality with a purity of 95.83% and it bore the image of the Persian king or a great warrior armed with a bow and arrow. Their use ended with Alexander the Great's invasion in 330 BC, after which they were mostly melted down and recoined as coins ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hegemony
Hegemony (, , ) is the political, economic, and military predominance of one State (polity), state over other states, either regional or global. In Ancient Greece (ca. 8th BC – AD 6th c.), hegemony denoted the politico-military dominance of the ''hegemon'' city-state over other city-states. In the 19th century, ''hegemony'' denoted the "social or cultural predominance or ascendancy; predominance by one group within a society or milieu" and "a group or regime which exerts undue influence within a society". In theories of imperialism, the hegemonic order dictates the internal politics and the societal character of the subordinate states that constitute the hegemonic sphere of influence, either by an internal, vassal state, sponsored government or by an external, puppet state, installed government. The term ''hegemonism'' denoted the geopolitical and the cultural predominance of one country over other countries, e.g. the hegemony of the Great power, Great Powers established wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arabic Numerals
The ten Arabic numerals (0, 1, 2, 3, 4, 5, 6, 7, 8, and 9) are the most commonly used symbols for writing numbers. The term often also implies a positional notation number with a decimal base, in particular when contrasted with Roman numerals. However the symbols are also used to write numbers in other bases, such as octal, as well as non-numerical information such as trademarks or license plate identifiers. They are also called Western Arabic numerals, Western digits, European digits, Ghubār numerals, or Hindu–Arabic numerals due to positional notation (but not these digits) originating in India. The ''Oxford English Dictionary'' uses lowercase ''Arabic numerals'' while using the fully capitalized term ''Arabic Numerals'' for Eastern Arabic numerals. In contemporary society, the terms ''digits'', ''numbers'', and ''numerals'' often implies only these symbols, although it can only be inferred from context. Europeans first learned of Arabic numerals , though their spread ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
