Misplaced Pages

Law-Racoviță-Negoiță Station

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.

The Law-Racoviță-Negoiță Station ( Romanian : Stația Law-Racoviță-Negoiță ), known only as the Law-Racoviță Station ( Stația Law-Racoviță ) until 2011, is the first Romanian station for research and exploration in Antarctica , named after the Romanian explorer Emil Racoviță and inaugurated on January 13, 2006 at the location of a station constructed in 1986 by Australia and donated to Romania . The station may be found in Princess Elizabeth Land , in the Larsemann Hills , 2 kilometres (1.2 mi) away from China's Antarctic Zhongshan Station .

#473526

69-647: The Law-Racoviță-Negoiță Station is placed in a rocky area about 3 kilometres (1.9 miles) from the Ingrid Christensen coast in Princess Elizabeth Land, in the Larsemann Hills of East Antarctica , at the coordinates 69°23'18.61" S, 76°22'46.2" E. It is located at a distance of 2 kilometers from Zhongshan Station of China and Progress Station of Russia, which permits considerable cooperation between these countries. The station

138-487: A dollar are emitted as Federal Reserve Notes , disregarding these special cases: In the 16th century, Count Hieronymus Schlick of Bohemia began minting coins known as joachimstalers , named for Joachimstal , the valley in which the silver was mined. In turn, the valley's name is titled after Saint Joachim , whereby thal or tal , a cognate of the English word dale , is German for 'valley.' The joachimstaler

207-757: A dollar, and dimes at 0.100 of a dollar. After the adoption of the United States Constitution , the U.S. dollar was defined by the Coinage Act of 1792 . It specified a "dollar" based on the Spanish milled dollar to contain 371 + 4 ⁄ 16 grains of fine silver, or 416.0 grains (26.96 g) of "standard silver" of fineness 371.25/416 = 89.24%; as well as an "eagle" to contain 247 + 4 ⁄ 8 grains of fine gold, or 270.0 grains (17.50 g) of 22 karat or 91.67% fine gold. Alexander Hamilton arrived at these numbers based on

276-565: A dollar; and the eagle , or ten dollars. The current relevance of these units: The Spanish peso or dollar was historically divided into eight reales (colloquially, bits ) – hence pieces of eight . Americans also learned counting in non-decimal bits of 12 + 1 ⁄ 2 cents before 1857 when Mexican bits were more frequently encountered than American cents; in fact this practice survived in New York Stock Exchange quotations until 2001. In 1854, Secretary of

345-406: A fiberglass exterior and polyurethane foam isolation on the interior, and windows constructed from double-paned polycarbonate. All waste produced is deposited in a receptacle evacuated daily by members of the expedition. The base is supplied by electric energy through a small gas generator and a solar panel. The nearby lake contains potable water, and water is also obtained from melting snow. Contact

414-575: A limited extent" as money. Treasury Notes were again printed to help resolve the reduction in public revenues resulting from the Panic of 1837 and the Panic of 1857 , as well as to help finance the Mexican–American War and the Civil War . Paper money was issued again in 1862 without the backing of precious metals due to the Civil War . In addition to Treasury Notes, Congress in 1861 authorized

483-405: A radio station, and a deposit station for combustibles and other waste. The buildings are designed to adapt to the cold environment, fixed to small platforms which may be adjusted by foot, with a minimal impact on the environment. The building which serves as a laboratory is constructed from prefabricated panels, which require a minimum of time to assemble. The dormitories are red and constructed with

552-678: A series of revisions to the gold peg was implemented, culminating in the Nixon Shock of August 15, 1971, which suddenly ended the convertibility of dollars to gold. The U.S. dollar has since floated freely on the foreign exchange markets . Congress continued to issue paper money after the Civil War, the latest of which is the Federal Reserve Note that was authorized by the Federal Reserve Act of 1913 . Since

621-604: A small number of species of terrestrial plants, animals, algae , and lichens . The coasts are the breeding ground for various seabirds and penguins, and the leopard seal , Weddell seal , elephant seal , crabeater seal and Ross seal breed on the surrounding pack ice in summer. Almost completely covered in thick, permanent ice, East Antarctica comprises Coats Land , Queen Maud Land , Enderby Land , Kemp Land , Mac. Robertson Land , Princess Elizabeth Land , Wilhelm II Land , Queen Mary Land , Wilkes Land , Adélie Land , George V Land , Oates Land and Victoria Land . All but

690-651: A small portion of this region lies within the Eastern Hemisphere , a fact that has suggested the name. The name has been in existence for more than 110 years (Balch, 1902; Nordenskjöld, 1904), but its greatest use followed the International Geophysical Year (1957–58) and explorations disclosing that the Transantarctic Mountains provide a useful regional separation of East Antarctica and West Antarctica . The name

759-487: A treasury assay of the average fine silver content of a selection of worn Spanish dollars , which came out to be 371 grains. Combined with the prevailing gold-silver ratio of 15, the standard for gold was calculated at 371/15 = 24.73 grains fine gold or 26.98 grains 22K gold. Rounding the latter to 27.0 grains finalized the dollar's standard to 24.75 grains of fine gold or 24.75*15 = 371.25 grains = 24.0566 grams = 0.7735 troy ounces of fine silver. The same coinage act also set

SECTION 10

#1732790746474

828-461: Is an accepted version of this page The United States dollar ( symbol : $ ; currency code : USD ; also abbreviated US$ to distinguish it from other dollar-denominated currencies ; referred to as the dollar , U.S. dollar , American dollar , or colloquially buck ) is the official currency of the United States and several other countries . The Coinage Act of 1792 introduced

897-680: Is analyzed in Romanian laboratories. Law-Racoviță-Negoiță is privately funded by the Romanian Antarctic Foundation through the Romanian Institute of Polar Research. East Antarctica 80°S 80°E  /  80°S 80°E  / -80; 80 East Antarctica , also called Greater Antarctica , constitutes the majority (two-thirds) of the Antarctic continent , lying primarily in

966-652: Is in Federal Reserve Notes (the remaining $ 50 billion is in the form of coins and older-style United States Notes ). As of September 20, 2023, the Federal Reserve estimated that the total amount of currency in circulation was approximately US$ 2.33 trillion . Article I , Section 8 of the U.S. Constitution provides that Congress has the power "[t]o coin money ." Laws implementing this power are currently codified in Title 31 of

1035-408: Is located 13,352 kilometres (8,297 miles) from the capital of Romania, Bucharest . Access to the station is made in one of two ways: via helicopter from Davis Station , approximately 80 kilometres (50 miles) northeast, or by land from Zhongshan or Progress II. In 1986, Australia constructed Law Station for polar research where Law-Racoviță-Negoiță now stands for the use of Australian researchers in

1104-457: Is maintained with other stations via a permanent VHF radio, powered by the solar panel. For contact elsewhere, every expedition has access to a satellite telephone. Law-Racoviță-Negoiță Station is named after Philip Law , the first researcher to study East Antarctica; Emil Racoviță , the first Romanian to reach the continent of Antarctica, a scientist on the expedition of the ship Belgica (1897-1899); and Teodor Negoiță , an important figure for

1173-470: Is not covered with ice . The small areas that remain free of ice ( Antarctic oasis ), including the McMurdo Dry Valleys inland, constitute a tundra-type biodiversity region known as Maudlandia Antarctic desert , after Queen Maud Land . There are no trees or shrubs, as only very limited plant life can survive here; the flora consists of lichens , moss , and algae that are adapted to

1242-460: Is that it is derived from the Pillars of Hercules on the Spanish coat of arms of the Spanish dollar . These Pillars of Hercules on the silver Spanish dollar coins take the form of two vertical bars ( || ) and a swinging cloth band in the shape of an S . Yet another explanation suggests that the dollar sign was formed from the capital letters U and S written or printed one on top of

1311-666: Is the most widely used currency in international transactions , and a free-floating currency . It is also the official currency in several countries and the de facto currency in many others, with Federal Reserve Notes (and, in a few cases, U.S. coins) used in circulation. The monetary policy of the United States is conducted by the Federal Reserve System , which acts as the nation's central bank . As of February 10, 2021, currency in circulation amounted to US$ 2.10 trillion , $ 2.05 trillion of which

1380-468: The Coinage Act of 1834 the dollar's fine gold equivalent was revised to 23.2 grains; it was slightly adjusted to 23.22 grains (1.505 g) in 1837 (gold-silver ratio ~16). The same act also resolved the difficulty in minting the "standard silver" of 89.24% fineness by revising the dollar's alloy to 412.5 grains, 90% silver, still containing 371.25 grains fine silver. Gold was also revised to 90% fineness: 25.8 grains gross, 23.22 grains fine gold. Following

1449-551: The Comstock Lode in the 1870s. This was the so-called "Crime of '73". The Gold Standard Act of 1900 repealed the U.S. dollar's historic link to silver and defined it solely as 23.22 grains (1.505 g) of fine gold (or $ 20.67 per troy ounce of 480 grains). In 1933, gold coins were confiscated by Executive Order 6102 under Franklin D. Roosevelt , and in 1934 the standard was changed to $ 35 per troy ounce fine gold, or 13.71 grains (0.888 g) per dollar. After 1968

SECTION 20

#1732790746474

1518-545: The Continental Congress resolved that the money unit of the United States, the dollar, would contain 375.64 grains of fine silver; on August 8, 1786, the Continental Congress continued that definition and further resolved that the money of account, corresponding with the division of coins, would proceed in a decimal ratio , with the sub-units being mills at 0.001 of a dollar, cents at 0.010 of

1587-526: The Dutch pioneered in modern-day New York in the 17th century the use and the counting of money in silver dollars in the form of German-Dutch reichsthalers and native Dutch leeuwendaalders ('lion dollars'), it was the ubiquitous Spanish American eight-real coin which became exclusively known as the dollar since the 18th century. The colloquialism buck(s) (much like the British quid for

1656-647: The Eastern Hemisphere south of the Indian Ocean , and separated from West Antarctica by the Transantarctic Mountains . It is generally greater in elevation than West Antarctica, and includes the Gamburtsev Mountain Range in the center. The geographic South Pole is located within East Antarctica. Apart from small areas of the coast, East Antarctica is permanently covered by ice and it has relatively low biodiversity , with only

1725-670: The U.S. Code , under Section 5112, which prescribes the forms in which the United States dollars should be issued. These coins are both designated in the section as " legal tender " in payment of debts. The Sacagawea dollar is one example of the copper alloy dollar, in contrast to the American Silver Eagle which is pure silver . Section 5112 also provides for the minting and issuance of other coins, which have values ranging from one cent ( U.S. Penny ) to 100 dollars. These other coins are more fully described in Coins of

1794-401: The pound sterling ) is often used to refer to dollars of various nations, including the U.S. dollar. This term, dating to the 18th century, may have originated with the colonial leather trade, or it may also have originated from a poker term. Greenback is another nickname, originally applied specifically to the 19th-century Demand Note dollars, which were printed black and green on

1863-401: The unit of account of the United States. "Dollar" is one of the first words of Section 9, in which the term refers to the Spanish milled dollar , or the coin worth eight Spanish reales . In 1792, the U.S. Congress passed the Coinage Act , of which Section 9 authorized the production of various coins, including: Dollars or Units —each to be of the value of a Spanish milled dollar as

1932-579: The 2005 meeting of the Antarctic Treaty in Stockholm , an agreement was signed through which Australia donated to the Romanian Antarctic Foundation and the Romanian Institute for Polar Research one of their research stations on the east coast of Antarctica, Law Station, which was originally renamed to Law-Racoviță Station, after Romanian explorer Emil Racoviță and placed under the directorship of Negoiță. The signing of this agreement took place in

2001-540: The Treasury James Guthrie proposed creating $ 100, $ 50, and $ 25 gold coins, to be referred to as a union , half union , and quarter union , respectively, thus implying a denomination of 1 Union = $ 100. However, no such coins were ever struck, and only patterns for the $ 50 half union exist. When currently issued in circulating form, denominations less than or equal to a dollar are emitted as U.S. coins , while denominations greater than or equal to

2070-854: The Treasury to borrow $ 50 million in the form of Demand Notes , which did not bear interest but could be redeemed on demand for precious metals. However, by December 1861, the Union government's supply of specie was outstripped by demand for redemption and they were forced to suspend redemption temporarily. In February 1862 Congress passed the Legal Tender Act of 1862 , issuing United States Notes , which were not redeemable on demand and bore no interest, but were legal tender , meaning that creditors had to accept them at face value for any payment except for public debts and import tariffs. However, silver and gold coins continued to be issued, resulting in

2139-555: The U.S. dollar at par with the Spanish silver dollar , divided it into 100 cents , and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes , popularly called greenbacks due to their predominantly green color. The U.S. dollar was originally defined under a bimetallic standard of 371.25 grains (24.057 g) (0.7734375 troy ounces) fine silver or, from 1834 , 23.22 grains (1.505 g) fine gold, or $ 20.67 per troy ounce . The Gold Standard Act of 1900 linked

Law-Racoviță-Negoiță Station - Misplaced Pages Continue

2208-450: The United States and to supervise its banking system, particularly in the aftermath of the Panic of 1907 . For most of the post-war period, the U.S. government has financed its own spending by borrowing heavily from the dollar-lubricated global capital markets, in debts denominated in its own currency and at minimal interest rates. This ability to borrow heavily without facing a significant balance of payments crisis has been described as

2277-530: The United States dollar . Article I, Section 9 of the Constitution provides that "a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time", which is further specified by Section 331 of Title 31 of the U.S. Code. The sums of money reported in the "Statements" are currently expressed in U.S. dollars, thus the U.S. dollar may be described as

2346-680: The United States until the Coinage Act of 1857 . In particular, colonists' familiarity with the Spanish two- real quarter peso was the reason for issuing a quasi-decimal 25-cent quarter dollar coin rather than a 20-cent coin. For the relationship between the Spanish dollar and the individual state colonial currencies, see Connecticut pound , Delaware pound , Georgia pound , Maryland pound , Massachusetts pound , New Hampshire pound , New Jersey pound , New York pound , North Carolina pound , Pennsylvania pound , Rhode Island pound , South Carolina pound , and Virginia pound . On July 6, 1785,

2415-543: The United States was a significant recipient of wartime gold inflows. After the United States emerged as an even stronger global superpower during the Second World War , the Bretton Woods Agreement of 1944 established the U.S. dollar as the world's primary reserve currency and the only post-war currency linked to gold. Despite all links to gold being severed in 1971, the dollar continues to be

2484-521: The average Spanish dollar in circulation. The new U.S. silver dollar of 371.25 grains (24.057 g) therefore compared favorably and was received at par with the Spanish dollar for foreign payments, and after 1803 the United States Mint had to suspend making this coin out of its limited resources since it failed to stay in domestic circulation. It was only after Mexican independence in 1821 when their peso's fine silver content of 377.1 grains

2553-500: The backside, created by Abraham Lincoln to finance the North for the Civil War . It is still used to refer to the U.S. dollar (but not to the dollars of other countries). The term greenback is also used by the financial press in other countries, such as Australia , New Zealand , South Africa , and India . Other well-known names of the dollar as a whole in denominations include greenmail , green , and dead presidents ,

2622-440: The buying and selling of goods. This allowed the value of things to remain fairly constant over time, except for the influx and outflux of gold and silver in the nation's economy. Though a Spanish dollar freshly minted after 1772 theoretically contained 417.7 grains of silver of fineness 130/144 (or 377.1 grains fine silver), reliable assays of the period in fact confirmed a fine silver content of 370.95 grains (24.037 g) for

2691-459: The cold and wind, and cling to rocks. The coasts are home to seabirds , penguins , and seals ( Pinnipeds ), which feed in the surrounding ocean , including the emperor penguin , which famously breeds in the cold, dark Antarctic winter. Seabirds of the coast include southern fulmar ( Fulmarus glacialoides ) , the scavenging southern giant petrel ( Macronectes giganteus ) , Cape petrel ( Daption capense ) , snow petrel ( Pagodroma nivea ) ,

2760-414: The currency, a practice compared to the policies of European monarchs. The currency as we know it today did not get the faces they currently have until after the early 20th century; before that "heads" side of coinage used profile faces and striding, seated, and standing figures from Greek and Roman mythology and composite Native Americans. The last coins to be converted to profiles of historic Americans were

2829-632: The depreciation of the newly printed notes through Gresham's law . In 1869, Supreme Court ruled in Hepburn v. Griswold that Congress could not require creditors to accept United States Notes, but overturned that ruling the next year in the Legal Tender Cases . In 1875, Congress passed the Specie Payment Resumption Act , requiring the Treasury to allow U.S. Notes to be redeemed for gold after January 1, 1879. Though

Law-Racoviță-Negoiță Station - Misplaced Pages Continue

2898-668: The dime (1946), the half Dollar (1948), and the Dollar (1971). After the American Revolution , the Thirteen Colonies became independent . Freed from British monetary regulations, they each issued £sd paper money to pay for military expenses. The Continental Congress also began issuing "Continental Currency" denominated in Spanish dollars. For its value relative to states' currencies, see Early American currency . Continental currency depreciated badly during

2967-490: The discontinuation of all other types of notes (Gold Certificates in 1933, Silver Certificates in 1963, and United States Notes in 1971), U.S. dollar notes have since been issued exclusively as Federal Reserve Notes . The U.S. dollar first emerged as an important international reserve currency in the 1920s, displacing the British pound sterling as it emerged from the First World War relatively unscathed and since

3036-421: The dollar came under the gold standard de jure only after 1900, the bimetallic era was ended de facto when the Coinage Act of 1873 suspended the minting of the standard silver dollar of 412.5 Troy grains = 26.73 g; 0.859 ozt, the only fully legal tender coin that individuals could convert bullion into in unlimited (or Free silver ) quantities, and right at the onset of the silver rush from

3105-400: The dollar solely to gold. From 1934, its equivalence to gold was revised to $ 35 per troy ounce . In 1971 all links to gold were repealed. The U.S. dollar became an important international reserve currency after the First World War , and displaced the pound sterling as the world's primary reserve currency by the Bretton Woods Agreement towards the end of the Second World War . The dollar

3174-737: The establishment of the only Romanian station on Antarctica. The annual cost of use of this station by Romanian expeditions in the region is estimated at around 20,000 USD . Law-Racoviță-Negoiță Station welcomed the first team of researchers in December 2006 at the beginning of the austral summer. The Romanian team undertook bioprospecting , ecological , meteorological , seismic , geomagnetic , and radio research. The research program includes studies on polar law, biochemistry and biotechnology, pharmaceutical and agricultural research, hydrological and limnological studies, medical research, meteorology, and astro-climatic research. Data from these studies

3243-574: The honor of delivering the opening speech at the meeting of Antarctic Treaty nations in London, before delegations from 43 countries. The scope of this meeting entailed elaboration on a code of navigation in Antarctica, with special focus on the discussion of papers presented by Romania, the United States, and England. Negoiță presented the study "Directions on Antarctic maritime transport and protection of nature". After two years of negotiations, during

3312-397: The latter of which referring to the deceased presidents pictured on most bills. Dollars in general have also been known as bones (e.g. "twenty bones" = $ 20). The newer designs, with portraits displayed in the main body of the obverse (rather than in cameo insets), upon paper color-coded by denomination, are sometimes referred to as bigface notes or Monopoly money . Piastre

3381-401: The modern-day World Bank Group , establishing the infrastructure for conducting international payments and accessing the global capital markets using the U.S. dollar. The monetary policy of the United States is conducted by the Federal Reserve System , which acts as the nation's central bank . It was founded in 1913 under the Federal Reserve Act in order to furnish an elastic currency for

3450-853: The mosses and lichens. The remote and extremely cold bulk of Antarctica remains almost entirely untouched by human intervention. The area is protected by the Antarctic Treaty System which bans industrial development, waste disposal and nuclear testing, while the Barwick Valley , one of the Dry Valleys, Mount Rittmann , and Cryptogam Ridge on Mount Melbourne are specially protected areas for their undisturbed plant life. [REDACTED]  This article incorporates public domain material from "East Antarctica" . Geographic Names Information System . United States Geological Survey . United States dollar This

3519-517: The numerical amount, is used for the U.S. dollar (as well as for many other currencies). The sign was perhaps the result of a late 18th-century evolution of the scribal abbreviation p for the peso , the common name for the Spanish dollars that were in wide circulation in the New World from the 16th to the 19th centuries. The p and the s eventually came to be written over each other giving rise to $ . Another popular explanation

SECTION 50

#1732790746474

3588-561: The other. This theory, popularized by novelist Ayn Rand in Atlas Shrugged , does not consider the fact that the symbol was already in use before the formation of the United States. The U.S. dollar was introduced at par with the Spanish-American silver dollar (or Spanish peso , Spanish milled dollar , eight-real coin , piece-of-eight ). The latter was produced from the rich silver mine output of Spanish America ,

3657-518: The polar summer. Explorer Teodor Negoiță 's attempt to develop a Romanian base in Antarctica began in 1997, when he began to present his work for the Antarctic Treaty , which Romania ratified in 1971. No Romanian had previously contributed evidence of research. Following recognition of his research by polar researchers from other countries, no progress was made on the creation of a Romanian polar station until 2000, when Negoiță benefited from

3726-476: The presence of the Romanian and Australian ambassadors to each other's countries. Following the inauguration of the station in Antarctica, Teodor Negoiță made his thirteenth expedition to the polar region, celebrating two and a half months in the Antarctic, with his team of researchers (including the first Romanian women scientists in Antarctica, a biologist and biochemist on his team). They conducted research on

3795-465: The public offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation. Unlike the Spanish milled dollar, the Continental Congress and the Coinage Act prescribed a decimal system of units to go with the unit dollar, as follows: the mill , or one-thousandth of a dollar; the cent , or one-hundredth of a dollar; the dime , or one-tenth of

3864-487: The rise in the price of silver during the California Gold Rush and the disappearance of circulating silver coins, the Coinage Act of 1853 reduced the standard for silver coins less than $ 1 from 412.5 grains to 384 grains (24.9 g), 90% silver per 100 cents (slightly revised to 25.0 g, 90% silver in 1873). The Act also limited the free silver right of individuals to convert bullion into only one coin,

3933-514: The same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver. Section 20 of the Act designates the United States dollar as the unit of currency of the United States: [T]he money of account of the United States shall be expressed in dollars, or units...and that all accounts in

4002-552: The silver dollar at the rate of 1 silver dollar to 1000 continental dollars. This resulted in the clause "No state shall... make anything but gold and silver coin a tender in payment of debts" being written into the United States Constitution article 1, section 10 . From implementation of the 1792 Mint Act to the 1900 implementation of the gold standard , the dollar was on a bimetallic silver-and-gold standard, defined as either 371.25 grains (24.056 g) of fine silver or 24.75 grains of fine gold (gold-silver ratio 15). Subsequent to

4071-477: The silver dollar of 412.5 grains; smaller coins of lower standard can only be produced by the United States Mint using its own bullion. Summary and links to coins issued in the 19th century: In order to finance the War of 1812 , Congress authorized the issuance of Treasury Notes , interest-bearing short-term debt that could be used to pay public dues. While they were intended to serve as debt, they did function "to

4140-607: The small Wilson's storm-petrel ( Oceanites oceanicus ) , the large south polar skua ( Catharacta maccormicki ) , and Antarctic petrel ( Thalassoica antarctica ) . The seals of the Antarctic Ocean include leopard seal (Hydrurga leptonyx) , Weddell seal (Leptonychotes weddellii) , the huge southern elephant seal (Mirounga leonina) , crabeater seal (Lobodon carcinophagus) and Ross seal ( Ommatophoca rossii ). There are no large land animals but bacteria , nematodes , springtails , mites , and midges live on

4209-486: The soil, sediment, and microorganisms of the continent. On February 20, 2006, the station was officially handed over to Romania from Australia. Currently, it is open only in the "warm" season. Following the death of Negoiță, on 9 December 2011, the station was renamed to Law-Racoviță-Negoiță Station. Law-Racoviță-Negoiță is constructed from anti-corrosive and insulating materials - a necessity in Antarctica - with one large laboratory building and five domed red dormitories,

SECTION 60

#1732790746474

4278-414: The value of an eagle at 10 dollars, and the dollar at 1 ⁄ 10 eagle. It called for silver coins in denominations of 1, 1 ⁄ 2 , 1 ⁄ 4 , 1 ⁄ 10 , and 1 ⁄ 20 dollar, as well as gold coins in denominations of 1, 1 ⁄ 2 and 1 ⁄ 4 eagle. The value of gold or silver contained in the dollar was then converted into relative value in the economy for

4347-423: The war, giving rise to the famous phrase "not worth a continental". A primary problem was that monetary policy was not coordinated between Congress and the states, which continued to issue bills of credit. Additionally, neither Congress nor the governments of the several states had the will or the means to retire the bills from circulation through taxation or the sale of bonds. The currency was ultimately replaced by

4416-488: The world's foremost reserve currency for international trade to this day. The Bretton Woods Agreement of 1944 also defined the post-World War II monetary order and relations among modern-day independent states , by setting up a system of rules, institutions, and procedures to regulate the international monetary system . The agreement founded the International Monetary Fund and other institutions of

4485-724: Was approved in the United States by the Advisory Committee on Antarctic Names (US-ACAN) in 1962. East Antarctica is generally higher than West Antarctica, and is considered the coldest place on Earth . The subglacial Gamburtsev Mountain Range , about the size of the European Alps, in the center of East Antarctica, are believed to have been the nucleation site for the East Antarctic Ice Sheet , just underneath Dome A . Very little of East Antarctica

4554-412: Was firmly upheld, which the U.S. later had to compete with using a heavier 378.0 grains (24.49 g) Trade dollar coin . The early currency of the United States did not exhibit faces of presidents, as is the custom now; although today, by law, only the portrait of a deceased individual may appear on United States currency. In fact, the newly formed government was against having portraits of leaders on

4623-465: Was later shortened to the German taler , a word that eventually found its way into many languages, including: tolar ( Czech , Slovak and Slovenian ); daler ( Danish and Swedish ); talar ( Polish ); dalar and daler ( Norwegian ); daler or daalder ( Dutch ); talari ( Ethiopian ); tallér ( Hungarian ); tallero ( Italian ); دولار ( Arabic ); and dollar ( English ). Though

4692-748: Was minted in Mexico City , Potosí (Bolivia), Lima (Peru), and elsewhere, and was in wide circulation throughout the Americas, Asia, and Europe from the 16th to the 19th centuries. The minting of machine-milled Spanish dollars since 1732 boosted its worldwide reputation as a trade coin and positioned it to be the model for the new currency of the United States . Even after the United States Mint commenced issuing coins in 1792, locally minted dollars and cents were less abundant in circulation than Spanish American pesos and reales ; hence Spanish, Mexican, and American dollars all remained legal tender in

4761-662: Was the original French word for the U.S. dollar, used for example in the French text of the Louisiana Purchase . Though the U.S. dollar is called dollar in Modern French, the term piastre is still used among the speakers of Cajun French and New England French , as well as speakers in Haiti and other French-speaking Caribbean islands. Nicknames specific to denomination: The symbol $ , usually written before

#473526