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161-535: British colonial rule in Burma lasted from 1824 to 1948, from the successive three Anglo-Burmese wars through the creation of Burma as a province of British India to the establishment of an independently administered colony, and finally independence. The region under British control was known as British Burma , and officially known as Burma ( Burmese : မြန်မာပြည် ) from 1886. Various portions of Burmese territories, including Arakan and Tenasserim , were annexed by
322-588: A Chamber of Deputies and a Chamber of Nationalities , and multi-party elections were held in 1951–1952 , 1956 and 1960 . The geographical area Burma encompasses today can be traced to the Panglong Agreement , which combined Burma Proper, which consisted of Lower Burma and Upper Burma, and the Frontier Areas, which had been administered separately by the British. In 1961, U Thant ,
483-689: A major province (a lieutenant-governorship) in 1897. This arrangement lasted until 1937, when Burma began to be administered separately by the Burma Office under the Secretary of State for India and Burma . British rule was disrupted during the Japanese occupation of much of the country during World War II . Burma achieved independence from British rule on 4 January 1948. Burma is sometimes referred to as "the Scottish Colony" owing to
644-502: A military dictatorship under the Burma Socialist Programme Party . On 8 August 1988, the 8888 Uprising then resulted in a nominal transition to a multi-party system two years later, but the country's post-uprising military council refused to cede power, and has continued to rule the country through to the present. The country remains riven by ethnic strife among its myriad ethnic groups and has one of
805-480: A British-style legal code and were governed by a British-style civil service. Areas outside the central plains were governed indirectly through their traditional structures. In this way, ethnic differences between the majority Burmans of the central plain and the ethnic minorities in the hills were exacerbated. This was part of the British colonial practice of "divide and rule". The monarchy was abolished, King Thibaw sent into exile, and religion and state separated. This
966-506: A coup d'état . The coup, which was widely condemned by the international community , led to continuous ongoing widespread protests in Myanmar and has been marked by violent political repression by the military, as well as a larger outbreak of the civil war . The military also arrested Aung San Suu Kyi in order to remove her from public life, and charged her with crimes ranging from corruption to violation of COVID-19 protocols; all of
1127-487: 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
1288-757: 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
1449-648: 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 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,
1610-545: 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 the public offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation. Unlike
1771-519: A large scale, it continued under the British as the officially patronised religion of most of the population. The ruling Konbaung dynasty practised a tightly centralised form of government. The king was the chief executive with the final say on all matters, but he could not make new laws and could only issue administrative edicts. The country had two codes of law, the Dhammathat and the Hluttaw ,
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#17327760950281932-575: 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
2093-599: A long vowel: [ˈmjænmɑː, ˈbɜːmə] . So the pronunciation of the last syllable of Myanmar as [mɑːr] by some speakers in the UK and most speakers in North America is in fact a spelling pronunciation based on a misunderstanding of non-rhotic spelling conventions. However, Burma is pronounced [ˈbɜːrmə] by rhotic speakers of English due to a phonotactic constraint, as /ɜː/ occurs only before /r/ in those accents. Archaeological evidence shows that Homo erectus lived in
2254-642: A momentous event stunned the nation on 19 July 1947. U Saw, a conservative pre-war prime minister of Burma, engineered the assassination of Aung San and several members of his cabinet including his eldest brother Ba Win , the father of today's National League for Democracy exile-government leader Dr Sein Win , while meeting in the Secretariat. Since then, 19 July has been commemorated as Martyrs' Day in Burma. Thakin Nu ,
2415-695: A prosperous economy for more than 80 years. From the 1720s onward, the kingdom was beset with repeated Meithei raids into Upper Myanmar and a nagging rebellion in Lan Na. In 1740, the Mon of Lower Myanmar founded the Restored Hanthawaddy Kingdom . Hanthawaddy forces sacked Ava in 1752, ending the 266-year-old Toungoo Dynasty. After the fall of Ava, the Konbaung–Hanthawaddy War involved one resistance group under Alaungpaya defeating
2576-634: A relaxation of press censorship, and the regulation of currency practices. In response, United States Secretary of State Hillary Clinton visited Myanmar in December 2011 – the first visit by a US Secretary of State in more than fifty years – meeting both President Thein Sein and opposition leader Aung San Suu Kyi. United States dollar The United States dollar ( symbol : $ ; currency code : USD ; also abbreviated US$ to distinguish it from other dollar-denominated currencies ; referred to as
2737-678: 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
2898-455: A significant amount of money from facilitating foreign trade. With the arrival of the British, the Burmese economy became tied to global market forces and was forced to become a part of the colonial export economy. Burma's annexation ushered in a new period of economic growth. The economic nature of society also changed dramatically. The British began exploiting the rich soil of the land around
3059-485: A smaller, more manageable kingdom, encompassing Lower Myanmar , Upper Myanmar , Shan states , Lan Na and upper Tenasserim . The restored Toungoo kings created a legal and political framework whose basic features continued well into the 19th century. The crown completely replaced the hereditary chieftainships with appointed governorships in the entire Irrawaddy valley and greatly reduced the hereditary rights of Shan chiefs. Its trade and secular administrative reforms built
3220-413: A stalemate, exchanging Tenasserim (to Burma) and Lan Na (to Ayutthaya). Faced with a powerful China and a resurgent Ayutthaya in the east, King Bodawpaya turned west, acquiring Arakan (1785), Manipur (1814) and Assam (1817). It was the second-largest empire in Burmese history but also one with a long ill-defined border with British India . In 1826, Burma lost Arakan, Manipur , Assam and Tenasserim to
3381-487: 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
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#17327760950283542-635: A unified Burma at the Panglong Conference on 12 February, celebrated since as 'Union Day'. Shortly after, rebellion broke out in the Arakan led by the veteran monk U Seinda, and it began to spread to other districts. The popularity of the AFPFL, dominated by Aung San and the socialists, was eventually confirmed when it won an overwhelming victory in the April 1947 constituent assembly elections. Then
3703-644: A unified state. Aung Zan Wai , Pe Khin, Bo Hmu Aung , Sir Maung Gyi, Sein Mya Maung, Myoma U Than Kywe were among the negotiators of the historic Panglong Conference negotiated with Bamar leader General Aung San and other ethnic leaders in 1947. In 1947, Aung San became Deputy Chairman of the Executive Council of Myanmar, a transitional government. But in July 1947, political rivals assassinated Aung San and several cabinet members. On 4 January 1948,
3864-468: Is "Republic of the Union of Myanmar" ( Burmese : ပြည်ထောင်စုသမ္မတ မြန်မာနိုင်ငံတော် , Pyihtaungsu Thamada Myanma Naingngantaw , pronounced [pjìdàʊɴzṵ θàɴməda̰ mjəmà nàɪɴŋàɴdɔ̀] ). Countries that do not officially recognise that name use the long form "Union of Burma" instead. In English, the country is popularly known as either Burma or Myanmar . In Burmese, the pronunciation depends on
4025-544: Is among the widest in the world, as a large proportion of the economy is controlled by cronies of the military junta . Myanmar is one of the least developed countries ; as of 2020, according to the Human Development Index , it ranks 147 out of 189 countries in terms of human development , the lowest in Southeast Asia . Since 2021, more than 600,000 people were displaced across Myanmar due to
4186-454: 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 the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of
4347-408: Is standard. Pronunciations with two syllables are found most often in major British and American dictionaries. Dictionaries—such as Collins —and other sources also report pronunciations with three syllables. As John Wells explains, the English spellings of both Myanmar and Burma assume a non-rhotic variety of English , in which the letter r before a consonant or finally serves merely to indicate
4508-460: 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
4669-802: The Andaman Sea and the Bay of Bengal to its south and southwest. The country's capital city is Naypyidaw , and its largest city is Yangon (formerly Rangoon). Early civilisations in the area included the Tibeto-Burman -speaking Pyu city-states in Upper Myanmar and the Mon kingdoms in Lower Myanmar . In the 9th century, the Bamar people entered the upper Irrawaddy valley, and following
4830-536: The Ayutthaya Kingdom , Lan Xang and southern Arakan. However, the largest empire in the history of Southeast Asia unravelled soon after Bayinnaung's death in 1581, completely collapsing by 1599. Ayutthaya seized Tenasserim and Lan Na, and Portuguese mercenaries established Portuguese rule at Thanlyin (Syriam). The dynasty regrouped and defeated the Portuguese in 1613 and Siam in 1614. It restored
4991-485: The Burma Socialist Programme Party (BSPP). During this period, Myanmar became one of the world's most impoverished countries. There were sporadic protests against military rule during the Ne Win years, and these were almost always violently suppressed. On 7 July 1962, the government broke up demonstrations at Rangoon University , killing 15 students. In 1974, the military violently suppressed anti-government protests at
British rule in Burma - Misplaced Pages Continue
5152-468: 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
5313-551: 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
5474-545: 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
5635-471: 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
5796-630: 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 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
5957-462: The Han Chinese , Wa , and Kachin . During 8–12 August, the first days of the conflict, as many as 10,000 Burmese civilians fled to Yunnan in neighbouring China. Civil wars have been a constant feature of Myanmar's socio-political landscape since the attainment of independence in 1948. These wars are predominantly struggles for ethnic and sub-national autonomy, with the areas surrounding
6118-730: The Lushai Hills , and Manipur as well. The British East India Company seized control of the administration of Myanmar after three Anglo-Burmese Wars in the 19th century, and the country became a British colony . After a brief Japanese occupation , Myanmar was reconquered by the Allies. On 4 January 1948, Myanmar declared independence under the terms of the Burma Independence Act 1947 . Myanmar's post-independence history has been checkered by continuing unrest and conflict to this day. The coup d'état in 1962 resulted in
6279-878: The Rohingya Muslims and the government and non-government groups in Rakhine State ; and a conflict between the Shan , Lahu , and Karen minority groups, and the government in the eastern half of the country. In addition, al-Qaeda signalled an intention to become involved in Myanmar. Armed conflict between ethnic Chinese rebels and the Myanmar Armed Forces resulted in the Kokang offensive in February 2015. The conflict had forced 40,000 to 50,000 civilians to flee their homes and seek shelter on
6440-583: The Second Anglo-Burmese War was provoked by the British, who sought the teak forests in Lower Burma as well as a port between Calcutta and Singapore . After 25 years of peace, British and Burmese fighting started afresh and continued until the British occupied all of Lower Burma. The British were victorious in this war and as a result obtained access to the teak, oil, and rubies of their newly conquered territories. In Upper Burma,
6601-534: The Shan , the Kachin and the Karenni . By 1931, Burma had 8 divisions, split into a number of districts. The traditional Burmese economy was one of redistribution with the prices of the most important commodities set by the state. For the majority of the population, trade was not as important as self-sufficient agriculture, but the country's position on major trade routes from India to China meant that it did gain
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6762-471: The State Law and Order Restoration Council (SLORC). In 1989, SLORC declared martial law after widespread protests. The military government finalised plans for People's Assembly elections on 31 May 1989. SLORC changed the country's official English name from the "Socialist Republic of the Union of Burma" to the "Union of Myanmar" on 18 June 1989 by enacting the adaptation of the expression law. In May 1990,
6923-561: 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 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
7084-447: The military government officially changed the English translations of many names dating back to Burma's colonial period or earlier, including that of the country itself: Burma became Myanmar . The renaming remains a contested issue. Many political and ethnic opposition groups and countries continue to use Burma because they do not recognise the legitimacy or authority of the military government. The country's official full name
7245-401: 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
7406-671: The register used and is either Bama ( pronounced [bəmà] ) or Myamah ( pronounced [mjəmà] ). Official United States foreign policy retains Burma as the country's name although the State Department 's website lists the country as Burma (Myanmar) . The United Nations uses Myanmar , as does the ASEAN and as do Australia , Russia , Germany , China , India , Bangladesh , Norway , Japan , Switzerland , Canada and Ukraine . Most English-speaking international news media refer to
7567-431: The 1947 Constitution, successive military governments construed the use of the term ' federalism ' as being anti-national, anti-unity and pro-disintegration. On 2 March 1962, the military led by General Ne Win took control of Burma through a coup d'état , and the government had been under direct or indirect control by the military since then. Between 1962 and 1974, Myanmar was ruled by a revolutionary council headed by
7728-593: The 19th century, Burmese rulers sought to maintain their traditional influence in the western areas of Assam, Manipur and Arakan. Pressing them, however, was the British East India Company, which was expanding its interests eastwards over the same territory. Over the next 60 years, diplomacy, raids, treaties and compromises, known collectively as the Anglo-Burmese Wars , continued until Britain proclaimed control over most of Burma. With
7889-471: The 9th century, several city-states had sprouted across the land: the Pyu in the central dry zone, Mon along the southern coastline and Arakanese along the western littoral. The balance was upset when the Pyu came under repeated attacks from Nanzhao between the 750s and the 830s. In the mid-to-late 9th century the Bamar people founded a small settlement at Bagan . It was one of several competing city-states until
8050-608: The British Indian Army for treason and collaboration with the Japanese. Lord Mountbatten realised that a trial was an impossibility considering Aung San's popular appeal. After the war ended, the British governor, Colonel Sir Reginald Dorman-Smith , returned. The restored government established a political programme that focused on the physical reconstruction of the country and delayed discussion of independence. The Anti-Fascist People's Freedom League (AFPFL) opposed
8211-625: The British after their victory in the First Anglo-Burmese War ; Lower Burma was annexed in 1852 after the Second Anglo-Burmese War . The annexed territories were designated the minor province (a chief commissionership) of British Burma in 1862. After the Third Anglo-Burmese War in 1885, Upper Burma was annexed, and the following year, the province of Burma in British India was created, becoming
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#17327760950288372-467: The British commander had to coerce the High Court of Justice to continue to function. Though war officially ended after only a couple of weeks, resistance to colonial conquest continued in northern Burma until 1890, with the British choosing to systematically destroy villages and appoint new officials to quash the liberation movement. Traditional Burmese society was drastically altered by the demise of
8533-605: The British in the First Anglo-Burmese War . In 1852, the British easily seized Lower Burma in the Second Anglo-Burmese War . King Mindon Min tried to modernise the kingdom and in 1875 narrowly avoided annexation by ceding the Karenni States . The British, alarmed by the consolidation of French Indochina , annexed the remainder of the country in the Third Anglo-Burmese War in 1885. Konbaung kings extended Restored Toungoo's administrative reforms and achieved unprecedented levels of internal control and external expansion. For
8694-584: The Chairmanship – effectively the position of Myanmar's top ruler – from General Saw Maung in 1992 and held it until 2011. On 23 June 1997, Myanmar was admitted into the Association of Southeast Asian Nations. On 27 March 2006, the military junta, which had moved the national capital from Yangon to a site near Pyinmana in November 2005, officially named the new capital Naypyidaw , meaning "city of
8855-449: The Chindits into the Burmese jungle in 1943. Beginning in late 1944, allied troops launched a series of offensives that led to the end of Japanese rule in July 1945. The battles were intense with much of Burma laid waste by the fighting. Overall, the Japanese lost some 150,000 men in Burma with 1,700 prisoners taken. Although many Burmese fought initially for the Japanese as part of the Burma Independence Army, many Burmese, mostly from
9016-445: The Chinese side of the border. During the incident, the government of China was accused of giving military assistance to the ethnic Chinese rebels. Clashes between Burmese troops and local insurgent groups have continued, fuelling tensions between China and Myanmar. The military-backed Government had promulgated a "Roadmap to Discipline-flourishing Democracy" in 1993, but the process appeared to stall several times, until 2008 when
9177-412: 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 the unit of account of the United States. "Dollar"
9338-466: 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 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
9499-501: The Government published a new draft national constitution, and organised a (flawed) national referendum which adopted it. The new constitution provided for election of a national assembly with powers to appoint a president, while practically ensuring army control at all levels. A general election in 2010 - the first for twenty years - was boycotted by the NLD . The military-backed Union Solidarity and Development Party declared victory, stating that it had been favoured by 80 per cent of
9660-637: The Irrawaddy delta and cleared away the dense mangrove forests. Rice, which was in high demand in Europe, especially after the building of the Suez Canal in 1869, was the main export. To increase the production of rice, many Burmese migrated from the northern heartland to the delta, shifting the population concentration and changing the basis of wealth and power. To prepare the new land for cultivation, farmers borrowed money from Indian Tamil moneylenders called Chettiars at high interest rates, as British banks would not grant mortgages . The Indian moneylenders offered mortgage loans but foreclosed on them quickly if
9821-519: The Restored Hanthawaddy, and by 1759 he had reunited all of Myanmar and Manipur and driven out the French and the British, who had provided arms to Hanthawaddy. By 1770, Alaungpaya's heirs had subdued much of Laos and fought and won the Burmese–Siamese War against Ayutthaya and the Sino-Burmese War against Qing China . With Burma preoccupied by the Chinese threat, Ayutthaya recovered its territories by 1770 and went on to capture Lan Na by 1776. Burma and Siam went to war until 1855, but all resulted in
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#17327760950289982-402: The Secretariat, the seat of the colonial government, were charged by the British mounted police wielding batons and killing a Rangoon University student. In Mandalay, the police shot into a crowd of protesters led by Buddhist monks killing 17 people. The movement became known as Htaung thoun ya byei ayeidawbon (the '1300 Revolution' named after the Burmese calendar year), and 20 December, the day
10143-420: The Shan states were all multi-ethnic polities. Despite the wars, cultural synchronisation continued. This period is considered a golden age for Burmese culture . Burmese literature "grew more confident, popular, and stylistically diverse", and the second generation of Burmese law codes as well as the earliest pan-Burma chronicles emerged. Hanthawaddy monarchs introduced religious reforms that later spread to
10304-480: The Socialist leader, was now asked to form a new cabinet, and he presided over Burmese independence instituted under the Burma Independence Act 1947 on 4 January 1948. Burma chose to become a fully independent republic, and not a British Dominion upon independence. This was in contrast to the independence of India and Pakistan which both resulted in the attainment of dominion status. This may have been on account of anti-British popular sentiment being strong in Burma at
10465-758: 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 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
10626-465: 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
10787-682: 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
10948-408: The Union of Burma's Permanent Representative to the United Nations and former secretary to the prime minister, was elected Secretary-General of the United Nations , a position he held for ten years. When the non-Burman ethnic groups pushed for autonomy or federalism, alongside having a weak civilian government at the centre, the military leadership staged a coup d'état in 1962. Though incorporated in
11109-450: 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
11270-625: 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,
11431-402: 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
11592-576: 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
11753-500: 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 ,
11914-545: The borrowers defaulted. At the same time, thousands of Indian labourers migrated to Burma ( Burmese Indians ) and, because of their willingness to work for less money, quickly displaced Burmese farmers. As the Encyclopædia Britannica states: "Burmese villagers, unemployed and lost in a disintegrating society, sometimes took to petty theft and robbery and were soon characterized by the British as lazy and undisciplined. The level of dysfunction in Burmese society
12075-440: 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
12236-460: The centre of government, was divided into three branches—fiscal, executive, and judicial. In theory, the king was in charge of all of the Hluttaw, but none of his orders got put into place until the Hluttaw approved them, thus checking his power. Further dividing the country, provinces were ruled by governors, who were appointed by the Hluttaw, and villages were ruled by hereditary headmen approved by
12397-821: The charges against her are "politically motivated" according to independent observers. Myanmar is a member of the East Asia Summit , Non-Aligned Movement , ASEAN , and BIMSTEC , but it is not a member of the Commonwealth of Nations despite once being part of the British Empire . Myanmar is a Dialogue Partner of the Shanghai Cooperation Organization . The country is very rich in natural resources , such as jade , gems , oil , natural gas , teak and other minerals , as well as also endowed with renewable energy , having
12558-547: The colony, however, and insurgent activity was pervasive, though not as much of an issue as it was in other former colonies. By 1945, British-led troops, mainly from the British Indian Army , had regained control over most of the colony with Rangoon being recaptured in May 1945. The surrender of the Japanese brought a military administration to Burma. The British administration sought to try Aung San and other members of
12719-557: The country by the name Myanmar , including the BBC , CNN , Al Jazeera , Reuters , and the Australian Broadcasting Corporation ( ABC )/ Radio Australia . Myanmar is known by a name deriving from Burma in Spanish , Italian , Romanian , and Greek . French-language media consistently use Birmanie . There are at least nine different pronunciations of the English name Myanmar , and no single one
12880-513: The country entitled to the term usurped by the colonial masters). The second university student strike in 1936 was triggered by the expulsion of Aung San and Ko Nu , leaders of the Rangoon University Students Union, for refusing to reveal the name of the author who had written an article in their university magazine, making a scathing attack on one of the senior university officials. It spread to Mandalay leading to
13041-688: The country, began negotiations for Burmese independence, which were concluded successfully in London as the Aung San- Attlee Agreement on 27 January 1947. The agreement left parts of the communist and conservative branches of the AFPFL dissatisfied, sending the Red Flag Communists led by Thakin Soe underground and the conservatives into opposition. Aung San also succeeded in concluding an agreement with ethnic minorities for
13202-505: The country, keeping Burma wealthy through trade, although self-sufficient agriculture was still the basis of the economy. Indian merchants travelled along the coasts and rivers (especially the Irrawaddy River ) throughout the regions where the majority of Burmese lived, bringing Indian cultural influences into the country that still exist there today. As Burma had been one of the first Southeast Asian countries to adopt Buddhism on
13363-562: The critical days following this disaster, Myanmar's isolationist government was accused of hindering United Nations recovery efforts. Humanitarian aid was requested, but concerns about foreign military or intelligence presence in the country delayed the entry of United States military planes delivering medicine, food, and other supplies. In early August 2009, a conflict broke out in Shan State in northern Myanmar. For several weeks, junta troops fought against ethnic minorities including
13524-414: 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
13685-688: 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
13846-668: 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
14007-426: 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
14168-421: 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
14329-419: The early twentieth century from amongst the educated classes, some of whom were permitted to go to London to study law. They returned with the belief that the Burmese situation could be improved through reform. Progressive constitutional reform in the early 1920s led to a legislature with limited powers, a university and more autonomy for Burma within the administration of India. Efforts were undertaken to increase
14490-543: The emergence of iron-working settlements in an area south of present-day Mandalay . Evidence also shows the presence of rice-growing settlements of large villages and small towns that traded with their surroundings as far as China between 500 BCE and 200 CE. Iron Age Burmese cultures also had influences from outside sources such as India and Thailand , as seen in their funerary practices concerning child burials. This indicates some form of communication between groups in Myanmar and other places, possibly through trade. Around
14651-680: The establishment of the Pagan Kingdom in the 1050s, the Burmese language , culture , and Theravada Buddhism slowly became dominant in the country. The Pagan Kingdom fell to Mongol invasions , and several warring states emerged. In the 16th century, reunified by the Taungoo dynasty , the country became the largest empire in the history of Southeast Asia for a short period. The early 19th-century Konbaung dynasty ruled over an area that included modern Myanmar and briefly controlled Assam ,
14812-614: The ethnic minorities, served in the British Burma Army. The Burma National Army and the Arakan National Army fought with the Japanese from 1942 to 1944 but switched allegiance to the Allied side in 1945. Overall, 170,000 to 250,000 Burmese civilians died during World War II. Following World War II, Aung San negotiated the Panglong Agreement with ethnic leaders that guaranteed the independence of Myanmar as
14973-510: The ethnically Bamar central districts of the country serving as the primary geographical setting of conflict. Foreign journalists and visitors require a special travel permit to visit the areas in which Myanmar's civil wars continue. In October 2012, the ongoing conflicts in Myanmar included the Kachin conflict , between the Pro-Christian Kachin Independence Army and the government; a civil war between
15134-486: The fall of Mandalay, all of Burma came under British rule, being annexed on 1 January 1886. Throughout the colonial era, many Indians arrived as soldiers, civil servants, construction workers and traders and, along with the Anglo-Burmese community, dominated commercial and civil life in Burma. Rangoon became the capital of British Burma and an important port between Calcutta and Singapore . Burmese resentment
15295-664: The first Prime Minister and Premier of Burma. Ba Maw was an outspoken advocate for Burmese self-rule, and he opposed the participation of Britain, and by extension Burma, in World War II . He resigned from the Legislative Assembly and was arrested for sedition. In 1940, before Japan formally entered the war , Aung San formed the Burma Independence Army in Japan. As a major battleground, Burma
15456-539: The first martyr Aung Kyaw fell, commemorated by students as ' Bo Aung Kyaw Day '. The Empire of Japan invaded Burma in December 1941 and by the end of 1942 controlled much of the colony. In 1943 the State of Burma was proclaimed in Rangoon, with the government run as a puppet state under Japanese control, led by head of state Ba Maw who escaped from prison in April 1942. Japan never succeeded in fully conquering all of
15617-727: The first martyr of the movement to die after a protracted hunger strike in prison. In December 1930, a local tax protest by Saya San in Tharrawaddy quickly grew into first a regional and then a national insurrection against the government. Lasting for two years, the Galon Rebellion , named after the mythical bird Garuda – enemy of the Nagas i.e. the British – emblazoned on the pennants the rebels carried, required thousands of British troops to suppress along with promises of further political reform. The eventual trial of Saya San, who
15778-422: The first time in history, the Burmese language and culture came to predominate the entire Irrawaddy valley. The evolution and growth of Burmese literature and theatre continued, aided by an extremely high adult male literacy rate for the era (half of all males and 5% of females). Nonetheless, the extent and pace of reforms were uneven and ultimately proved insufficient to stem the advance of British colonialism. In
15939-604: The form of cave paintings in Padah-Lin Caves . The Bronze Age arrived c. 1500 BCE when people in the region were turning copper into bronze, growing rice and domesticating poultry and pigs; they were among the first people in the world to do so. Human remains and artefacts from this era were discovered in Monywa District in the Sagaing Region . The Iron Age began around 500 BCE with
16100-718: The form of the Young Men's Buddhist Association (YMBA), modelled after the YMCA , as religious associations were allowed by the colonial authorities. They were later superseded by the General Council of Burmese Associations (GCBA) which was linked with Wunthanu athin or National Associations that sprang up in villages throughout Burma Proper. Between 1900 and 1911 the "Irish Buddhist" U Dhammaloka publicly challenged Christianity and imperial power, leading to two trials for sedition . A new generation of Burmese leaders arose in
16261-542: The formation of the All Burma Students Union. Aung San and Nu subsequently joined the Thakin movement progressing from student to national politics. The British separated Burma Province from British India on 1 April 1937 and granted the colony a new constitution calling for a fully elected assembly, with many powers given to the Burmese, but this proved to be a divisive issue as some Burmese felt that this
16422-596: The four-century-old kingdom in 1287. Pagan's collapse was followed by 250 years of political fragmentation that lasted well into the 16th century. Like the Burmans four centuries earlier, Shan migrants who arrived with the Mongol invasions stayed behind. Several competing Shan States came to dominate the entire northwestern to eastern arc surrounding the Irrawaddy valley. The valley too was beset with petty states until
16583-408: The funeral of U Thant. Student protests in 1975, 1976, and 1977 were quickly suppressed by overwhelming force. In 1988, unrest over economic mismanagement and political oppression by the government led to widespread pro-democracy demonstrations throughout the country known as the 8888 Uprising . Security forces killed thousands of demonstrators, and General Saw Maung staged a coup d'état and formed
16744-589: The general. Almost all aspects of society (business, media, production) were nationalised or brought under government control under the Burmese Way to Socialism , which combined Soviet-style nationalisation and central planning . A new constitution of the Socialist Republic of the Union of Burma was adopted in 1974. Until 1988, the country was ruled as a one-party system , with the general and other military officers resigning and ruling through
16905-641: The government held free multiparty elections for the first time in almost 30 years, and the National League for Democracy (NLD), the party of Aung San Suu Kyi, won earning 392 out of a total 492 seats (i.e., 80% of the seats). However, the military junta refused to cede power and continued to rule the nation, first as SLORC and, from 1997, as the State Peace and Development Council (SPDC) until its dissolution in March 2011. General Than Shwe took over
17066-448: The government leading to political instability in the country. A rift had also developed in the AFPFL between the communists and Aung San together with the socialists over strategy, which led to Than Tun being forced to resign as general secretary in July 1946 and the expulsion of the CPB from the AFPFL the following October. Dorman-Smith was replaced by Major-General Sir Hubert Rance as
17227-501: The highest solar power potential compared to other countries of the Great Mekong Subregion. However, Myanmar has long suffered from instability , factional violence, corruption , poor infrastructure, as well as a long history of colonial exploitation with little regard to human development . In 2013, its GDP (nominal) stood at US$ 56.7 billion and its GDP ( PPP ) at US$ 221.5 billion. The income gap in Myanmar
17388-580: The king. Conflict began between Burma and the British when the Konbaung dynasty decided to expand into Arakan in the state of Assam , close to British-held Chittagong in India. This led to the First Anglo-Burmese War (1824–26). The British dispatched a large seaborne expedition that took Rangoon without a fight in 1824. In Danuphyu , at the Ayeyarwadddy Delta, Burmese General Maha Bandula
17549-577: The kings". In August 2007, an increase in the price of fuel led to the Saffron Revolution led by Buddhist monks that were dealt with harshly by the government. The government cracked down on them on 26 September 2007, with reports of barricades at the Shwedagon Pagoda and monks killed. There were also rumours of disagreement within the Burmese armed forces, but none was confirmed. The military crackdown against unarmed protesters
17710-627: The late 10th century, when it grew in authority and grandeur. Pagan gradually grew to absorb its surrounding states until the 1050s–1060s when Anawrahta founded the Pagan Kingdom, the first ever unification of the Irrawaddy valley and its periphery. In the 12th and 13th centuries, the Pagan Empire and the Khmer Empire were two main powers in mainland Southeast Asia. The Burmese language and culture gradually became dominant in
17871-593: The late 14th century when two sizeable powers, Ava Kingdom and Hanthawaddy Kingdom , emerged. In the west, a politically fragmented Arakan was under competing influences of its stronger neighbours until the Kingdom of Mrauk U unified the Arakan coastline for the first time in 1437. The kingdom was a protectorate of the Bengal Sultanate at different time periods. In the 14th and 15th centuries, Ava fought wars of unification but could never quite reassemble
18032-397: 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
18193-476: The lost empire. Having held off Ava, the Mon -speaking Hanthawaddy entered its golden age, and Arakan went on to become a power in its own right for the next 350 years. In contrast, constant warfare left Ava greatly weakened, and it slowly disintegrated from 1481 onward. In 1527, the Confederation of Shan States conquered Ava and ruled Upper Myanmar until 1555. Like the Pagan Empire, Ava, Hanthawaddy and
18354-718: The minority ethnic areas, spurred the development of writing systems for their languages, which allowed for the promotion of social progress, education and culture. The British abolished chattel slavery in Burma. This was however a gradual process. In the report of slavery in Burma and India to the Temporary Slavery Commission in the 1920s, the British India Office stated that the slaves in Assam Bawi in Lushai Hills were now secured
18515-401: 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
18676-409: The monarchy and the separation of religion and state. Intermarriage between Europeans and Burmese gave birth to an indigenous Eurasian community known as the Anglo-Burmese who would come to dominate the colonial society, hovering above the Burmese but below the British. After Britain took over all of Burma, they continued to send tribute to China to avoid offending them, but this unknowingly lowered
18837-452: The nation became an independent republic, under the terms of the Burma Independence Act 1947 . The new country was named the Union of Burma , with Sao Shwe Thaik as its first president and U Nu as its first prime minister. Unlike most other former British colonies and overseas territories, Burma did not become a member of the Commonwealth . A bicameral parliament was formed, consisting of
18998-467: The new governor, and the Rangoon police went on strike. The strike, starting in September 1946, then spread from the police to government employees and came close to becoming a general strike. Rance calmed the situation by meeting with Aung San and convincing him to join the governor's Executive Council along with other members of the AFPFL. The new executive council, which now had increased credibility in
19159-517: 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
19320-561: 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 ,
19481-492: The outsized role played by Scotsmen in colonising and running the country, one of the most notable being Sir James Scott . It was also known for the important role played by Indian elites in managing and administering the colony, especially while it was still a part of the British Raj; some historians have called this a case of co-colonialism. Because of its location, trade routes between China and India passed through
19642-404: The progressive impoverishment of the agriculturist and of the country as a whole…. The peasant had grown factually poorer and unemployment had increased….The collapse of the Burmese social system led to a decay of the social conscience which, in the circumstances of poverty and unemployment caused a great increase in crime.” By the turn of the century, a nationalist movement began to take shape in
19803-410: The rapidly growing economy. The civil service was largely staffed by Anglo-Burmese and Indians, and the ethnic Burmese were excluded almost entirely from military service, which was staffed primarily with Indians, Anglo-Burmese, Karens and other Burmese minority groups. A British General Hospital Burmah was set up in Rangoon in 1887. Though the country prospered, the Burmese people largely failed to reap
19964-407: The region now known as Myanmar as early as 750,000 years ago, with no more erectus finds after 75,000 years ago. The first evidence of Homo sapiens is dated to about 25,000 BP with discoveries of stone tools in central Myanmar. Evidence of Neolithic age domestication of plants and animals and the use of polished stone tools dating to sometime between 10,000 and 6,000 BCE has been discovered in
20125-428: The representation of Burmese in the civil service. Some people began to feel that the rate of change was not fast enough and the reforms not extensive enough. In 1920, a student strike broke out in protest against the new University Act which the students believed would only benefit the elite and perpetuate colonial rule. 'National Schools' sprang up across the country in protest against the colonial education system, and
20286-527: The rest of the country. Political unification returned in the mid-16th century, through the efforts of Taungoo , a former vassal state of Ava. Taungoo's young, ambitious King Tabinshwehti defeated the more powerful Hanthawaddy in the Toungoo–Hanthawaddy War . His successor Bayinnaung went on to conquer a vast swath of mainland Southeast Asia including the Shan states, Lan Na , Manipur, Mong Mao ,
20447-407: The rewards. (See George Orwell 's novel Burmese Days for a fictional account of the British in Burma.) An account by a British official describing the conditions of the Burmese people's livelihoods in 1941 describes the Burmese hardships: “Foreign landlordism and the operations of foreign moneylenders had led to increasing exportation of a considerable proportion of the country’s resources and to
20608-478: The right to buy their freedom; that chattel slavery still existed in parts of Assam with weak British control; that the British negotiated with Hukawng Valley in Upper Burma to end slavery there, where the British provided loans for slaves to buy their freedom; that all slave trade had been banned, and that slavery in Upper Burma was expected to be effectively phased out by 1926. The province of Burma after 1885
20769-487: 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,
20930-600: The second century BCE the first-known city-states emerged in central Myanmar. The city-states were founded as part of the southward migration by the Tibeto-Burman-speaking Pyu people, the earliest inhabitants of Myanmar of whom records are extant, from present-day Yunnan . The Pyu culture was heavily influenced by trade with India, importing Buddhism as well as other cultural, architectural and political concepts, which would have an enduring influence on later Burmese culture and political organisation. By
21091-572: 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 the United States dollar . Article I, Section 9 of
21252-552: 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
21413-477: 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
21574-469: The status they held in Chinese minds. It was agreed at the Burma convention in 1886 that China would recognise Britain's occupation of Upper Burma while Britain continued the Burmese payment of tribute every ten years to Peking. The British controlled their new province through direct rule in the Burmese heartland, making many changes to the previous governmental structure. For example, Burmans lived under
21735-417: The still unoccupied part of the country, King Mindon had tried to adjust to the thrust of imperialism. He enacted administrative reforms and made Burma more receptive to foreign interests. But the British initiated the Third Anglo-Burmese War , which lasted less than two weeks during November 1885. The British government justified their actions by claiming that the last independent king of Burma, Thibaw Min ,
21896-456: The strike came to be commemorated as ' National Day '. There were further strikes and anti-tax protests in the later 1920s led by the Wunthanu athin s. Prominent among the political activists were Buddhist monks ( hpongyi ), such as U Ottama and U Seinda in the Arakan who subsequently led an armed rebellion against the British and later the nationalist government after independence, and U Wisara,
22057-563: The surge in violence post-coup, with more than 3 million people in dire need of humanitarian assistance. The name of the country has been a matter of dispute and disagreement, particularly in the early 21st century, focusing mainly on the political legitimacy of those using Myanmar versus Burma . Both names derive from the earlier Burmese Mranma or Mramma , an ethnonym for the majority Burman ethnic group, of uncertain etymology. The terms are also popularly thought to derive from Sanskrit Brahma Desha , 'land of Brahma '. In 1989,
22218-648: The time. Burma in ASEAN (dark grey) – [ Legend ] Myanmar , officially the Republic of the Union of Myanmar and also rendered Burma (the official English form until 1989), is a country in northwest Southeast Asia . It is the largest country by area in Mainland Southeast Asia and has a population of about 55 million. It is bordered by India to its west, Bangladesh to its southwest, China to its northeast, Laos and Thailand to its east and southeast, and
22379-514: The upper Irrawaddy valley, eclipsing the Pyu , Mon and Pali norms by the late 12th century. Theravada Buddhism slowly began to spread to the village level, although Tantric , Mahayana , Hinduism , and folk religion remained heavily entrenched. Pagan's rulers and wealthy built over 10,000 Buddhist temples in the Pagan capital zone alone. Repeated Mongol invasions in the late 13th century toppled
22540-414: 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
22701-614: The votes; fraud, however, was alleged. A nominally civilian government was then formed, with retired general Thein Sein as president. A series of liberalising political and economic actions – or reforms – then took place. By the end of 2011 these included the release of pro-democracy leader Aung San Suu Kyi from house arrest, the establishment of the National Human Rights Commission , the granting of general amnesties for more than 200 political prisoners, new labour laws that permitted labour unions and strikes,
22862-423: 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
23023-426: The world's longest-running ongoing civil wars . The United Nations and several other organisations have reported consistent and systemic human rights violations in the country. In 2011, the military junta was officially dissolved following a 2010 general election , and a nominally civilian government was installed. Aung San Suu Kyi and political prisoners were released and the 2015 Myanmar general election
23184-488: 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
23345-493: Was a ploy to exclude them from any further Indian reforms. Ba Maw served as the first prime minister of Burma, but he was forced out by U Saw in 1939, who served as prime minister from 1940 until he was arrested on 19 January 1942 by the British for communicating with the Japanese. A wave of strikes and protests that started from the oilfields of central Burma in 1938 became a general strike with far-reaching consequences. In Rangoon student protesters, after successfully picketing
23506-404: Was a tyrant and that he was conspiring to give France more influence in the country. British troops entered Mandalay on 28 November 1885. Thus, after three wars gaining various parts of the country, the British occupied all the area of present-day Myanmar, making the territory a province of British India on 1 January 1886. Burmese armed resistance continued sporadically for several years , and
23667-457: Was administered as follows: The " Frontier Areas ", also known as the "Excluded Areas" or the " Scheduled Areas ", compose the majority of states within Burma today. They were administered separately by the British with a Burma Frontier Service and later united with Burma proper to form Myanmar's geographic composition today. The Frontier Areas were inhabited by ethnic minorities such as the Chin ,
23828-478: Was devastated during World War II by the Japanese invasion . Within months after they entered the war, Japanese troops had advanced on Rangoon, and the British administration had collapsed. A Burmese Executive Administration headed by Ba Maw was established by the Japanese in August 1942. Wingate 's British Chindits were formed into long-range penetration groups trained to operate deep behind Japanese lines. A similar American unit, Merrill's Marauders , followed
23989-412: Was executed, allowed several future national leaders, including Dr Ba Maw and U Saw , who participated in his defence, to rise to prominence. In May 1930, the Dobama Asiayone (We Burmans Association) was founded, whose members called themselves thakin (an ironic name as thakin means "master" in the Burmese language – rather like the Indian 'sahib' – proclaiming that they were the true masters of
24150-412: 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
24311-490: Was given control of the new colony, founded secular schools, teaching in both English and Burmese , while also encouraging Christian missionaries to visit and found schools. In both of these types of schools, Buddhism and traditional Burmese culture was frowned upon. The Christian missionaries had success in converting some of the minority ethnic groups to Christianity, particularly the Chin, Kachin, Karen and Karenni. Furthermore, missionaries built hospitals and schools which, in
24472-448: Was held, leading to improved foreign relations and eased economic sanctions , although the country's treatment of its ethnic minorities , particularly in connection with the Rohingya conflict , continued to be a source of international tension and consternation. Following the 2020 Myanmar general election , in which Aung San Suu Kyi’s party won a clear majority in both houses, the Burmese military (Tatmadaw) again seized power in
24633-557: Was killed and his armies routed. Burma was forced to cede Assam and other northern provinces. The 1826 Treaty of Yandabo formally ended the First Anglo-Burmese War, the longest and the most expensive war in the history of British India . Fifteen thousand European and Indian soldiers died, together with an unknown number of Burmese army and civilian casualties. The campaign cost the British between 5 and 13 million pounds sterling (between 18 and 48 billion in 2020 U.S. dollars ) which led to an economic crisis in British India in 1833. In 1852,
24794-412: 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
24955-633: 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
25116-461: 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 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
25277-445: Was particularly harmful, because the Buddhist monks, collectively known as the Sangha , were strongly dependent on the sponsorship of the monarchy. At the same time, the monarchy was given legitimacy by the Sangha, and monks as representatives of Buddhism gave the public the opportunity to understand national politics to a greater degree. The British also implemented a secular education system. The colonial Government of India , which
25438-457: Was revealed by the dramatic rise in homicides." With this quickly growing economy came industrialisation to a certain degree, with a railway being built throughout the valley of the Irrawaddy, and hundreds of steamboats travelled along the river. All of these modes of transportation were owned by the British. Thus, although the balance of trade was in favour of British Burma, the society was changed so fundamentally that many people did not gain from
25599-425: Was strong, and was vented in violent riots that periodically paralysed Rangoon until the 1930s. Some of the discontent was caused by a disrespect for Burmese culture and traditions. Buddhist monks became the vanguards of the independence movement. U Wisara , an activist monk, died in prison after a 166-day hunger strike. On 1 April 1937, Burma became a separately administered colony of Britain, and Ba Maw became
25760-427: 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
25921-507: Was widely condemned as part of the international reactions to the Saffron Revolution and led to an increase in economic sanctions against the Burmese Government . In May 2008, Cyclone Nargis caused extensive damage in the densely populated rice-farming delta of the Irrawaddy Division . It was the worst natural disaster in Burmese history with reports of an estimated 200,000 people dead or missing, damages totalled to 10 billion US dollars, and as many as 1 million were left homeless. In
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