This is an accepted version of this page
89-956: The Organizing Committee of the XXII Olympic Winter Games and XI Paralympic Winter Games of 2014 in Sochi is the organization responsible for the 2014 Winter Olympics and 2014 Winter Paralympics in Sochi, Russia . It was established on 2 October 2007 by the Russian Olympic Committee , the Federal Agency for Physical Culture and Sports [ ru ] , and the Administration of the City of Sochi . This article related to sport in Russia
178-513: A humid subtropical climate , Sochi is the warmest city to host a Winter Olympic Games. Sochi 2014 is the 12th straight Olympics to outlaw smoking; all Sochi venues, Olympic Park bars and restaurants and public areas were smoke-free during the Games. It is also the first time that an Olympic Park has been built for hosting winter games. The Sochi Olympic Park was built by the Black Sea coast in
267-487: 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
356-757: 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
445-648: 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,
534-608: A fifth of that budget ($ 10.8 billion) was directly related to the Olympic games, while the rest went into urban and regional regeneration and the conversion of the Sochi region into an all-year round sea and alpine resort. The breakdown table below is based on a report that has analyzed the distribution of Olimpstroy's $ 49.5 billion budget. Estimates also suggest that additional unrecoverable operational costs (including for security) could have added another $ 3 billion. With an average February temperature of 8.3 °C (46.9 °F) and
623-545: 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
712-575: 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
801-678: 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
890-487: 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
979-562: Is a stub . You can help Misplaced Pages by expanding it . This 2014 Winter Olympics -related article is a stub . You can help Misplaced Pages by expanding it . 2014 Winter Olympics The 2014 Winter Olympics , officially called the XXII Olympic Winter Games ( Russian : XXII Олимпийские зимние игры , romanized : XXII Olimpiyskiye zimniye igry ) and commonly known as Sochi 2014 ( Russian : Сочи 2014 ), were an international winter multi-sport event that
SECTION 10
#17327649631001068-612: Is located between Adler and Krasnaya Polyana connecting the Olympic Park, Sochi International Airport , and the venues in Krasnaya Polyana. The existing 102 km (63-mile), Tuapse-to-Adler railroad was renovated to provide double track throughout, increasing capacity and enabling a reliable regional service to be provided and extending to the airport. In December 2009, Russian Railways ordered 38 Siemens Mobility Desiro trains for delivery in 2013 for use during
1157-485: Is located near Akhshtyr in Adlersky City District, and includes: Russian Railways president Vladimir Yakunin stated the road construction costed more than 200 billion rubles. In addition, Sochi's railway stations were renovated. These are Dagomys , Sochi , Matsesta , Khosta , Lazarevskaya , and Loo railway stations. In Adler, a new railway station was built while the original building
1246-454: 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
1335-460: 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
1424-565: The 2018 FIFA World Cup . A new ice hockey team in the Kontinental Hockey League , HC Sochi Leopards , now plays in Bolshoy Arena. The Olympic infrastructure was constructed according to a Federal Target Program (FTP). In June 2009, the Games' organizers reported they were one year ahead in building the main Olympic facilities as compared to recent Olympic Games. In November 2011, IOC President Jacques Rogge
1513-468: 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
1602-551: 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
1691-545: 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
1780-526: 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
1869-630: 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
SECTION 20
#17327649631001958-538: The Imeretinsky Valley , about 4 km (2.5 miles) from Russia's border with Abkhazia / Georgia . The venues were clustered around a central water basin on which the Medals Plaza is built, allowing all indoor venues to be within walking distance. It also features "The Waters of the Olympic Park" (designed by California -based company WET ), a choreographed fountain which served as the backdrop in
2047-681: The Olympic flag during the opening ceremony, as India was originally suspended in December 2012 over the election process of the Indian Olympic Association . On 11 February, the Indian Olympic Association was reinstated and India's athletes were allowed the option to compete under their own flag from that time onward. Although Shiva Keshavan competed as an Independent athlete and is recorded as such, he
2136-561: 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
2225-401: 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
2314-571: The 2014 Winter Olympics was held on 7 February 2014 at Fisht Olympic Stadium , an indoor arena built specifically for the ceremonies. The ceremony featured scenes based around aspects of Russian history and arts, including ballet , classical music , the Russian Revolution , and the age of the Soviet Union . The opening scene of the ceremony featured a notable technical error, where one of five snowflakes, which were to expand to form
2403-529: 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"
2492-582: 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
2581-416: The Games. A number of new competitions—a total of twelve accounting for gender—were held during the Games, including biathlon mixed relay, women's ski jumping , mixed-team figure skating , mixed-team luge , half-pipe skiing, ski and snowboard slopestyle , and snowboard parallel slalom . The events were held around two clusters of new venues: an Olympic Park constructed in Sochi's Imeretinsky Valley on
2670-493: The IOC announced that three events would be added to the program. These events, which were officially declared by Olympic Committee President Jacques Rogge on 4 July 2011, were: Ski slopestyle , Snowboard slopestyle, Snowboard parallel special slalom. US$ The United States dollar ( symbol : $ ; currency code : USD ; also abbreviated US$ to distinguish it from other dollar-denominated currencies ; referred to as
2759-453: The Olympic rings, malfunctioned and did not expand (a mishap mocked by the organizers at the closing ceremony where one of the roundrelay dance groups symbolizing the Olympic rings "failed" to expand). The torch was taken into the stadium by Maria Sharapova , who then passed it to Yelena Isinbayeva who, in turn, passed it to wrestler Aleksandr Karelin . Karelin then passed the torch to gymnast Alina Kabaeva . Figure skater Irina Rodnina took
Sochi 2014 Olympic and Paralympic Organizing Committee - Misplaced Pages Continue
2848-565: The Olympics, with an option for a further 16 partly built in Russia. At Sochi International Airport , a new terminal was built along a 3.5 km (2.2-mile) runway extension, overlapping the Mzymta River . At the Port of Sochi , a new offshore terminal 1.5 km (0.93 mi) from the shore allows docking for cruise ships with capacities of 3,000 passengers. The cargo terminal of
2937-608: The Olympics. In November 2013, it was reported that the fiber-optic cable that was built by the Federal Communications Agency , Rossvyaz, had no operator. With Rostelecom and Megafon both refusing to operate it, the line was transferred to the ownership of the state enterprise Center for Monitoring & Development of Infocommunication Technologies (Russian: Центр МИР ИТ ). Russian mobile phone operator Megafon expanded and improved Sochi's telecom infrastructure with over 700 new 2G/3G/4G cell towers. Sochi
3026-948: 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
3115-540: 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
3204-854: 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
3293-450: 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
3382-625: 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,
3471-402: 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
3560-521: 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
3649-500: 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 ,
Sochi 2014 Olympic and Paralympic Organizing Committee - Misplaced Pages Continue
3738-440: 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
3827-456: The cities of Tuapse and Novorossiysk and construction of a cable-wire powerline, partially on the floor of the Black Sea . The transport infrastructure prepared to support the Olympics includes many roads, tunnels, bridges, interchanges, railroads and stations in and around Sochi. Among others, 8 flyovers, 102 bridges, tens of tunnels and a bypass route for heavy trucks – 367 km (228 mi) of roads were paved. The Sochi Light Metro
3916-423: The coast of the Black Sea , with Fisht Olympic Stadium , and the Games' indoor venues located within walking distance; and snow events in the resort settlement of Krasnaya Polyana . The 2014 Winter Olympics were the most expensive Games in the history of the Olympics. While originally budgeted at US$ 12 billion, major cost overruns caused this figure to expand to US$ 51 billion, more than three times
4005-684: The cost of the 2012 London Olympics and even surpassing the estimated cost of US$ 44 billion for the 2008 Summer Olympics in Beijing. The 2014 Games achieved a record broadcast audience of 2.1 billion people worldwide. In 2016, an independent report commissioned by the World Anti-Doping Agency confirmed allegations that the Russian Olympic team had been involved in a state-sponsored doping program , active from at least late 2011 through August 2015. The program
4094-414: 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
4183-495: The day of the opening ceremony, 7 February 2014. It is the longest torch relay in Olympic history, a 60,000-kilometre (40,000-mile) route that passes through all regions of the country, from Kaliningrad in the west to Chukotka in the east. The Olympic torch reached the North Pole for first time via a nuclear-powered icebreaker ( 50 Let Pobedy ) . The torch was also passed for the first time in space , though not lit for
4272-632: 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
4361-668: 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
4450-426: 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
4539-421: 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
SECTION 50
#17327649631004628-636: The duration of the flight for safety reasons, on flight Soyuz TMA-11M to the International Space Station (ISS). The spacecraft itself was adorned with Olympic-themed livery including the Games' emblem. Russian cosmonauts Oleg Kotov and Sergey Ryazansky waved the torch on a spacewalk outside the ISS. The torch returned to Earth five days later on board Soyuz TMA-09M . The torch also reached Europe's highest mountain, Mount Elbrus , and Siberia's Lake Baikal . The opening ceremony of
4717-548: The estimated $ 44 billion cost of the 2008 Summer Olympics in Beijing, which hosted 3 times as many events. Dmitry Kozak was the main overseer for the events in Sochi. In its final budget published in June 2014, Olimpstroy—the state corporation that oversaw the Sochi Olympics development—reported the total allocated funds for the 2014 Sochi Winter Olympics of 1,524 billion rubles (US$ 49.5 billion). However, only about
4806-494: The estimated combined cost of the 2014 Winter Olympics had topped US$ 51 billion. This amount included the cost for Olympic games themselves and cost of Sochi infrastructural projects (roads, railroads, power plants). This total is over four times the initial budget of $ 12 billion (compared to the $ 8 billion spent for the 2010 Winter Olympics in Vancouver), and made the Sochi games the most expensive Olympics in history, exceeding
4895-700: The first time ever, all of the current members of the European Olympic Committees participated at the Winter Olympics. Kristina Krone qualified to compete in her second consecutive games for Puerto Rico , but the island's Olympic Committee once again chose not to send her to compete. Similarly, South Africa decided not to send alpine skier Sive Speelman to Sochi. Algeria also did not enter its only qualified athlete, Mehdi-Selim Khelifi . India 's athletes originally competed as Independent Olympic Participants and marched under
4984-732: The host city in July 2007, during the 119th IOC Session held in Guatemala City . It was the first Olympics to be held in a CIS state and former Warsaw Pact state after the Revolutions of 1989 and the collapse of the Soviet Union in 1991. The Russian Soviet Federative Socialist Republic previously hosted the Summer Olympics in 1980 . A record ninety-eight events in fifteen winter sport disciplines were held during
5073-483: The largest Winter Olympics to date. Numbers in parentheses indicate the number of medal events contested in each separate discipline. On 6 April 2011, the IOC accepted a number of events that were submitted by their respective sports federations to be considered for inclusion into the official program of these Olympic Games. The events included a Figure skating team event, Women's ski jumping, Mixed relay biathlon, Ski half-pipe , and Team relay luge. On 4 July 2011,
5162-397: 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
5251-523: The main media centre in Olympic Park and in the mountain village of Estosadok . In addition to standard services, customers had access to unique services including two new products, Fotomarka and Retropismo. Fotomarka presents an opportunity to get a stylised sheet of eight souvenir stamps with one's own photos, using the services of a photographer in the office. Retropismo service allows a customer to write with their own stylus or pen on antique paper with further letters, winding string and wax seal affixing. All
5340-636: The medals awards and the opening and closing ceremonies of the event. The new venues include: A street circuit known as the Sochi Autodrom was constructed in and around Olympic Park. Its primary use is to host the Formula One Russian Grand Prix , which held its inaugural edition in October 2014. In January 2015, work began on adapting Fisht Olympic Stadium into an open-air football stadium to host matches during
5429-401: 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
SECTION 60
#17327649631005518-464: The new sites and post offices in Sochi were opened during the Olympics until late night 7 days a week, and employees were trained to speak English. On 29 September 2013, the Olympic torch was lit in Ancient Olympia , beginning a seven-day journey across Greece and on to Russia, then the torch relay started at Moscow on 7 October 2013 before passing 83 Russian cities and arriving at Sochi on
5607-431: The newest equipment for the television coverage of the Games arrived in the port of Adler . Prepared specifically for the Games, a team of regional specialists and the latest technology provide a qualitatively new level of television production in the region. The fiber-optic channel links Sochi between Adler and Krasnaya Polyana. The 46-kilometre-long (29 mi) channel enables videoconferencing and news reporting from
5696-517: 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
5785-561: 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 ,
5874-618: The power supply of the Sochi region was presented by Russian energy experts during a seminar on 29 May 2009, held by the Sochi 2014 Organizing Committee, and attended by International Olympic Committee (IOC) experts and officials from the Russian Ministry of Regional Development , the Russian Ministry of Energy , the State Corporation Olimpstroy and the Krasnodar Krai administration. According to
5963-416: 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,
6052-409: The seaport would be moved from the centre of Sochi. Roadways were detoured, some going around the construction site and others being cut off. In May 2009, Russian Railways started the construction of tunnel complex No. 1 (the final total is six) on the combined road (automobile and railway) from Adler to Alpica Service Mountain Resort in the Krasnaya Polyana region. The tunnel complex No. 1
6141-449: 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
6230-552: 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
6319-429: 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
6408-412: The strategy, the capacity of the regional energy network would increase by two and a half times by 2014, guaranteeing a stable power supply during and after the Games. The power demand of Sochi at the end of May 2009 was 424 MW. The power demand of the Olympic infrastructure was expected to be about 340 MW. Earlier plans also include building combined cycle (steam and gas) power stations near
6497-455: The systems, and worked with other technology partners to provide athletes, dignitaries and fans information about the Games. The 2014 Olympics is the first "fabric-enabled" Games using Shortest Path Bridging (SPB) technology. The network is capable of handling up to 54 Tbit/s of traffic. Infrastructure built for the games included: During the Games, the core networks of Rostelecom and Transtelekom were used. In January 2012,
6586-663: The torch and was met by former ice hockey goalkeeper Vladislav Tretiak , who exited the stadium to jointly light the Olympic cauldron located near the center of Olympic Park. A record 88 nations qualified to compete, which beat the previous record of 82 set at the previous Winter Olympics in Vancouver. The number of athletes who qualified per country is listed in the table below (number of athletes shown in parentheses). Seven nations made their Winter Olympics debut: Dominica , Malta , Paraguay , Timor-Leste , Togo , Tonga , and Zimbabwe . The Winter debut of Malta meant that for
6675-414: 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
6764-423: 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
6853-488: 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
6942-469: Was active during the Winter Olympics in Sochi, and athletes had benefited from the cover-up . The IOC stripped thirteen medals from Russian athletes in 2017, but nine were reinstated by the Court of Arbitration for Sport . In December 2017, the IOC voted to suspend the Russian Olympic Committee , with an option for whitelisted athletes to compete independently during the 2018 Winter Olympics . Sochi
7031-470: Was elected on 4 July 2007 during the 119th International Olympic Committee (IOC) session held in Guatemala City , Guatemala , defeating bids from Salzburg , Austria ; and Pyeongchang , South Korea. This is the first time that the Russian Federation has hosted the Winter Olympics. The Soviet Union was the host of the 1980 Summer Olympics held in and around Moscow. As of October 2013,
7120-412: 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
7209-570: Was held from 7 to 23 February 2014 in Sochi , Russia. Opening rounds in certain events were held on 6 February 2014, the day before the opening ceremony . These were the first Olympic Games under the International Olympic Committee (IOC) presidency of Thomas Bach . Both the Olympics and Paralympics were organized by the Sochi Organizing Committee (SOOC). Sochi was selected as
7298-671: Was in Sochi and concluded that the city had made significant progress since he last visited eighteen months earlier. According to the FTP, US$ 580 million would be spent on construction and modernization of telecommunications in the region. Avaya was named by the Sochi Organizing Committee as the official supplier of telecommunications equipment. Avaya provided the data network equipment, including switches , routers , security, telephones and contact-center systems . It provided engineers and technicians to design and test
7387-465: 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
7476-748: 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
7565-461: 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
7654-485: Was permitted to walk under the flag of India at the Closing Ceremony. During the Games some countries had a national house, a meeting place for supporters, athletes and other followers. Houses could be either free for visitors to access or have limited access by invitation only. The 2014 Winter Olympics featured 98 events over 15 disciplines in 7 sports. A total of twelve new events were contested, making it
7743-811: Was preserved, and in the Olympic park cluster, a new station was built from scratch, the Olympic Park railway station . Another new railway station was built in Estosadok, close to Krasnaya Polyana. Funds were spent on the construction of hotels for 10,300 guests. The first of the Olympic hotels, Zvezdny ( Stellar ), was rebuilt anew. Significant funds were spent on the construction of an advanced sewage treatment system in Sochi, designed by Olimpstroy. The system meets BREF standards and employs top available technologies for environment protection, including tertiary treatment with microfiltration . Six post offices were opened at competition venues, two of them in
7832-601: Was the first Games to offer 4G connectivity at a speed of 10 MB/sec. In January 2014, Rostelecom reported that it had connected the Olympic media center in Sochi to the Internet and organized channels of communication with the main media center of the Olympic Games in the coastal cluster and press center in Moscow. The media center was built at total cost of 17 million rubles. A five-year strategy for increasing
7921-662: 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
#99900