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Monetary Crisis In Greece (1879)
The monetary crisis in Greece in 1879 was the result of domestic conditions and directly affected the country's economy. As a consequence it had the deterioration of the living standard of the economically weaker sections of the population, social unrest with the outbreak of strikes, such as the Syros strike of 1879, and political instability. Transactions in Greece at that time were mainly conducted in foreign currency (Ottoman lira, Russian ruble), while the drachma Drachma may refer to: * Ancient drachma, an ancient Greek currency * Modern drachma The drachma ( ) was the official currency of modern Greece from 1832 until the launch of the euro in 2001. First modern drachma The drachma was reintroduce ..., where it was used, had been overvalued by 18%. However, the banks and the state ignored the overvaluation and operated on the basis of the actual (commercial) value of the coins. In February 1879 there was a devaluation in the market value of foreign currencies which r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Syros Strike (1879)
Syros strike was a workers' strike in Syros, Cyclades, Greece. It started in early 1879, mobilized workers of different industries and ended with the satisfaction of the strikers' demands after violent clashes between the strikers and the police. Background Syros was since the proclamation of an independent Greek state a place of thriving commercial and maritime activity. During the 1870s there already existed a shipyard and tanning industries employing around 1500 and 500 workers respectively. In Ermoupoli, the capital of Syros, the first workers' union in Greece was founded named ''Brotherhood of the carpenters of Syros shipyards'' (Greek: ''Αδελφικός Σύλλογος Ξυλουργών του Ναυπηγείου Σύρου''). The union was influenced by some socialist tendencies of the era, with reports of an "anarchist Anarchism is a political philosophy and Political movement, movement that seeks to abolish all institutions that perpetuate authority, coerc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greece
Greece, officially the Hellenic Republic, is a country in Southeast Europe. Located on the southern tip of the Balkan peninsula, it shares land borders with Albania to the northwest, North Macedonia and Bulgaria to the north, and Turkey to the east. The Aegean Sea lies to the east of the Geography of Greece, mainland, the Ionian Sea to the west, and the Sea of Crete and the Mediterranean Sea to the south. Greece has the longest coastline on the Mediterranean Basin, spanning List of islands of Greece, thousands of islands and nine Geographic regions of Greece, traditional geographic regions. It has a population of over 10 million. Athens is the nation's capital and List of cities and towns in Greece, largest city, followed by Thessaloniki and Patras. Greece is considered the cradle of Western culture, Western civilisation and the birthplace of Athenian democracy, democracy, Western philosophy, Western literature, historiography, political science, major History of science in cl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ottoman Lira
The pound or lira (sign: LT; ; ; ; ; ) was the currency of the Ottoman Empire from 1844 until 1927, when it was replaced by the Turkish lira. Although the Ottoman Empire was abolished in 1922, the Ottoman lira remained in circulation until the end of 1927, as the Republic of Turkey that succeeded it was not in a position to issue its own banknotes yet in its early years. The Ottoman lira replaced the () as the principal unit of currency in the Ottoman Empire, with the continuing to circulate as a subdivision of the lira, with 100 = 1 lira. The para also continued to be used, with 40 para = 1 . Until the 1930s and the Turkish alphabet reform, the Arabic script was used on Turkish coins and banknotes, with for para, for and for lira ( for 'Turkish lira'). In European languages, the was known as the , whilst the lira was known as the in French and the ''pound'' in English. English-language publications used "£T" as the sign for the currency, but it is unknown whether i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Ruble
The ruble or rouble (; Currency symbol, symbol: ₽; ISO 4217, ISO code: RUB) is the currency of the Russia, Russian Federation. Banknotes and coins are issued by the Central Bank of Russia, which is Russia's central bank, monetary authority independent of all other government bodies.wikisource:en:Constitution of Russia#Article 75, Article 75 - Constitution of the Russian Federation (English translation) The ruble is the second-oldest currency in continuous use and the first Decimalisation, decimal currency. The ruble was the currency of the Russian Empire, which was replaced by the Soviet ruble (code: SUR) during the Soviet Union, Soviet period. Following the dissolution of the Soviet Union, by 1992, the Soviet ruble was replaced in the Russian Federation by the Russian ruble (code: RUR) Par value, at par. The Russian ruble then further continued to be used in 11 post-Soviet states, forming a "ruble zone" until 1993. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Modern Drachma
The drachma ( ) was the official currency of modern Greece from 1832 until the launch of the euro in 2001. First modern drachma The drachma was reintroduced in May 1832, shortly before the establishment of the Kingdom of Greece. It replaced the ''phoenix (currency), phoenix'' at par. The drachma was subdivided into 100 Greek lepton, lepta. Coins The first coinage consisted of copper denominations of 1 lepton, 2 lepta, 5 lepta and 10 lepta, silver denominations of drachma, drachma, 1 drachma and 5 drachmae and a gold coin of 20 drachmae. The drachma coin weighed 4.5g and contained 90% silver, with the 20 drachmae coin containing 5.8g of gold. In 1868, Greece joined the Latin Monetary Union and the drachma became equal in weight and value to the French franc. The new coinage issued consisted of copper coins of 1, 2, 5 and 10 lepta, with the 5- and 10-lepton coins bearing the names ''obolos'' () and ''diobolon'' (), respectively; silver coins of 20 lepta, 50 lepta, 1 drachma, 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Greece
The economic history of the Greek World spans several millennia and encompasses many modern-day nation states. Since the focal point of the center of the Greek World often changed it is necessary to enlarge upon all these areas as relevant to the time. The economic history of Greece refers to the economic history of the Greece, Greek nation state since 1829. Earliest Greek civilizations Cycladic civilization Cycladic civilization is the earliest trading center of goods. It was extensively distributed throughout the Aegean region. Minoan civilization The Minoan civilization emerged on Crete around the time of the early Bronze Age, it had a wide range of economic interests and was something of a trade hub, exporting many items to mainland Greece as well as the Egyptian Empire of the period. The Minoans were also innovators, developing (or adopting) a system of lead weights to facilitate economic transactions. Despite this Minoan civilization remained, for the most part, an agricu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1879 In Greece
Events January * January 1 ** The Specie Resumption Act takes effect. The United States Note is valued the same as gold, for the first time since the American Civil War. ** Brahms' Violin Concerto is premiered in Leipzig with Joseph Joachim as soloist and the composer conducting. * January 11 – The Anglo-Zulu War begins. * January 22 – Anglo-Zulu War – Battle of Isandlwana: A force of 1,200 British soldiers is wiped out by over 20,000 Zulu warriors. * January 23 – Anglo-Zulu War – Battle of Rorke's Drift: Following the previous day's defeat, a smaller British force of 140 successfully repels an attack by 4,000 Zulus. February * February 3 – Mosley Street in Newcastle upon Tyne (England) becomes the world's first public highway to be lit by the electric incandescent light bulb invented by Joseph Swan. * February 8 – At a meeting of the Royal Canadian Institute, engineer and inventor Sandford Fleming first proposes the global adoption o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Crises In Europe
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
