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Old Taiwan Dollar
The Old Taiwan dollar was in use from 1946 to 1949, beginning shortly after Taiwan's Retrocession Day, handover from Japan to the Republic of China (1912–1949), Republic of China. The currency was issued by the Bank of Taiwan. Hyperinflation prompted the introduction of the New Taiwan dollar in June 1949, shortly before the Retreat of the government of the Republic of China to Taiwan, Nationalist evacuation from mainland China in December. History Taiwan was under Taiwan under Japanese rule, Japanese rule from 1895 to 1945 and the colonial government of Taiwan issued Taiwanese yen during this period through the Bank of Taiwan. In 1945, after the Japanese Empire was defeated in World War II, Taiwan was handed over to the Republic of China (1912–1949), Republic of China (ROC). Within a year, the Nationalist government assumed control of the Bank of Taiwan and issued Taiwan dollars (also known as Taiwan Nationalist yuan or TWN) as a "provisional" replacement for the Taiwan yen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yuan (currency)
The yuan ( ; currency sign, sign: ¥; ; ) is the base unit of a number of former and present-day currency, currencies throughout Greater China, China. A ''yuan'' () is also known colloquially as a ''kuai'' (; originally a lump of silver). One ''yuan'' is divided into 10 ''jiao'' () or colloquially ''mao'' (). One ''jiao'' is divided into 10 ''fen'' (). Modern usage The term "yuan" usually refers to the primary unit of account of the renminbi (RMB), the currency of the People's Republic of China. RMB banknotes start at one Yuan and go up to 100 Yuan. It is also used as a synonym of that currency, especially in international contexts – the ISO 4217 standard code for renminbi is CNY, an abbreviation of "Chinese yuan". (A similar case is the use of the terms pound sterling, ''sterling'' to designate British currency and ''pound'' for the unit of account.) The symbol for the yuan (元) is also used in Chinese to refer to the currency units of Japan ''(Japanese yen, yen)'' and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyperinflation
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Modern Obsolete Currencies
Modern may refer to: History *Modern history ** Early Modern period ** Late Modern period *** 18th century *** 19th century *** 20th century ** Contemporary history * Moderns, a faction of Freemasonry that existed in the 18th century Philosophy and sociology * Modernity, a loosely defined concept delineating a number of societal, economic and ideological features that contrast with "pre-modern" times or societies ** Late modernity Art * Modernism ** Modernist poetry * Modern art, a form of art * Modern dance, a dance form developed in the early 20th century * Modern architecture, a broad movement and period in architectural history ** Moderne, multiple architectural styles ** Modernisme a.k.a. Catalan Modernism * Modern music (other) Geography *Modra, a Slovak city, referred to in the German language as "Modern" Typography * Modern (typeface), a raster font packaged with Windows XP * Another name for the typeface classification known as Didone (typography) * Modern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Of Asia
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance; i.e., legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term ''currency'' appear in the respective synonymous articles: banknote, coin, and money. This article uses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taiwan Yen
The was the currency of Japanese Taiwan from 1895 to 1946. It was on a par with and circulated alongside the Japanese yen. The yen was subdivided into 100 . It was replaced by the Old Taiwan dollar in 1946, which in turn was replaced by the New Taiwan dollar in 1949. History In 1895, as a result of the First Sino-Japanese War, Qing China ceded Taiwan to Japan in the Treaty of Shimonoseki. The Japanese yen then became the currency of Taiwan, with distinct banknotes denominated in yen issued by the Bank of Taiwan from 1898. Only banknotes and stamp currency were issued. In 1945, after Japan was defeated in World War II, the Republic of China assumed the administration of Taiwan, took over the Bank of Taiwan within a year, and introduced the Old Taiwan dollar, which replaced the yen at par. Banknotes In 1899, the Bank of Taiwan introduced 1 and 5 yen notes, followed by 50 yen notes in 1900 and 10 yen in 1901. 100 yen notes were introduced in 1937 and 1000 yen in 1945. The last n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Status Of Taiwan
The island of Taiwan is the subject of a geopolitical dispute between the Republic of China (ROC), which controls it, and the People's Republic of China (PRC), which claims it as part of its territory. The Republic of China (ROC) was established in 1912 and governed mainland China until 1949. In the Chinese Civil War, the Chinese Communist Party (CCP) defeated the ROC government, taking control of mainland China and establishing the People's Republic of China (PRC) that same year. The ROC government retreated to Taiwan. Prior to this, surrender of Japan, Japan’s surrender in 1945 ended its Taiwan under Japanese rule, colonial rule over Taiwan and the Penghu, Penghu Islands, which were subsequently placed under the administration of the ROC as agreed by the major Allies of World War II. However, Treaty of San Francisco, post-war agreements did not clearly define sovereignty over these islands due to the ongoing rivalry between the Kuomintang and the Chinese Communist Party. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of The Republic Of China
The history of the Republic of China began in 1912 with the end of the Qing dynasty, when the 1911 Revolution, Xinhai Revolution and the formation of the Republic of China (1912–1949), Republic of China put an end to 2,000 years of imperial rule. The Republic experienced many trials and tribulations after its founding which included being dominated by elements as disparate as warlord generals and foreign powers. In 1928, the Republic was nominally unified under the Kuomintang (KMT; also called "Chinese Nationalist Party") after the Northern Expedition, and was in the early stages of industrialization and modernization when it was caught in the conflicts involving the Kuomintang government, the Chinese Communist Party (CCP), local Warlord Era, warlords, and the Empire of Japan. Most nation-building efforts were stopped during the full-scale Second Sino-Japanese War against Japan from 1937 to 1945, and later the widening gap between the Kuomintang and the Communist Party made ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Taiwan
The history of the island of Taiwan dates back tens of thousands of years to the earliest known evidence of human habitation. The sudden appearance of a culture based on agriculture around 3000 BC is believed to reflect the arrival of the ancestors of today's Taiwanese indigenous peoples. People from China gradually came into contact with Taiwan by the time of the Yuan dynasty (1271–1368) and Han Chinese people started settling there by the early 17th century. The island became known by Western world, the West when Portuguese Empire, Portuguese explorers discovered it in the 16th century and named it Formosa. Between 1624 and 1662, the south of the island was Dutch Formosa, colonized by the Dutch headquartered in Fort Zeelandia (Taiwan), Zeelandia in present-day Anping, Tainan whilst the Spanish built an Spanish Formosa, outpost in the north, which lasted until 1642 when the Santisima Trinidad (Taiwan), Spanish fortress in Keelung was seized by the Dutch. These European settleme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Taiwan
Taiwan is a highly developed free-market economy. It is the 8th largest in Asia and 21st-largest in the world by purchasing power parity, allowing Taiwan to be included in the advanced economies group by the International Monetary Fund. Taiwan is notable for its rapid economic development from an agriculture-based society to an industrialized, high-income country. This economic growth has been described as the Taiwan Miracle. It is gauged in the high-income economies group by the World Bank. Taiwan is one of the most technologically advanced computer microchip and high-tech electronics industries makers in the world. History Taiwan has transformed itself from a recipient of U.S. aid in the 1950s and early 1960s to an aid donor and major foreign investor, with investments primarily centered in Asia. Private Taiwanese investment in mainland China is estimated to total in excess of US$150 billion, and official tallies cite Taiwan as having invested a comparable amount in S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sugarcane
Sugarcane or sugar cane is a species of tall, Perennial plant, perennial grass (in the genus ''Saccharum'', tribe Andropogoneae) that is used for sugar Sugar industry, production. The plants are 2–6 m (6–20 ft) tall with stout, jointed, fibrous stalks that are rich in sucrose, which accumulates in the Plant stem, stalk internodes. Sugarcanes belong to the grass family, Poaceae, an economically important flowering plant family that includes maize, wheat, rice, and sorghum, and many forage crops. It is native to New Guinea. Sugarcane was an ancient crop of the Austronesian people, Austronesian and Indigenous people of New Guinea, Papuan people. The best evidence available today points to the New Guinea area as the site of the original domestication of ''Saccharum officinarum''. It was introduced to Polynesia, Island Melanesia, and Madagascar in prehistoric times via Austronesian sailors. It was also introduced by Austronesian sailors to India and then to Southern China by 500 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taiwan
Taiwan, officially the Republic of China (ROC), is a country in East Asia. The main geography of Taiwan, island of Taiwan, also known as ''Formosa'', lies between the East China Sea, East and South China Seas in the northwestern Pacific Ocean, with the China, People's Republic of China (PRC) to the northwest, Japan to the northeast, and the Philippines to the south. It has an area of , with mountain ranges dominating the eastern two-thirds and plains in the western third, where its Urbanization by country, highly urbanized population is concentrated. The combined Free area of the Republic of China, territories under ROC control consist of list of islands of Taiwan, 168 islands in total covering . The Taipei–Keelung metropolitan area, largest metropolitan area is formed by Taipei (the capital), New Taipei City, and Keelung. With around 23.9 million inhabitants, Taiwan is among the List of countries and dependencies by population density, most densely populated countries. Tai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
