Britain Goes Decimal
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Cy Martin Collection
University of Oklahoma Libraries Western History Collections Cy Martin Collection Martin, Cy (1919–1980). Papers, 1966–1975. 2.33 feet. Author. Manuscripts (1968) of “Your Horoscope,” children’s stories, and books (1973–1975), all written by Martin; magazines (1966–1975), some containing stories by Martin; and biographical information on Cy Martin, who wrote under the pen name of William Stillman Keezer. _________________ Box 1 Real West: May 1966, January 1967, January 1968, April 1968, May 1968, June 1968, May 1969, June 1969, November 1969, May 1972, September 1972, December 1972, February 1973, March 1973, April 1973, June 1973. Real West (annual): 1970, 1972. Frontier West: February 1970, April 1970, June1970. True Frontier: December 1971. Outlaws of the Old West: October 1972. Mental Health and Human Behavior (3rd ed.) by William S. Keezer. The History of Astrology by Zolar. Box 2 Folder: 1. Workbook and experiments in physiological psychology. 2. Workbook for physiological psychology. 3. Cagliostro history. 4. Biographical notes on W.S. Keezer (pen name Cy Martin). 5. Miscellaneous stories (one by Venerable Ancestor Zerkee, others by Grandpa Doc). Real West: December 1969, February 1970, March 1970, May 1970, September 1970, October 1970, November 1970, December 1970, January 1971, May 1971, August 1971, December 1971, January 1972, February 1972. True Frontier: May 1969, September 1970, July 1971. Frontier Times: January 1969. Great West: December 1972. Real Frontier: April 1971. Box 3 Ford Times: February 1968. Popular Medicine: February 1968, December 1968, January 1971. Western Digest: November 1969 (2 copies). Golden West: March 1965, January 1965, May 1965 July 1965, September 1965, January 1966, March 1966, May 1966, September 1970, September 1970 (partial), July 1972, August 1972, November 1972, December 1972, December 1973. -
147 Chapter 5 South Africa's Experience with Inflation: A
147 CHAPTER 5 SOUTH AFRICA’S EXPERIENCE WITH INFLATION: A CENTRAL BANK PERSPECTIVE 5.1 Introduction Although a country’s experience with inflation can be reviewed from different perspectives (e.g. the government, the statistical agency responsible for recording inflation, producers, consumers or savers), this chapter reviews South Africa’s experience with inflation from the perspective of the SA Reserve Bank. The SA Reserve Bank was chosen because this study focuses on inflation from a monetary perspective. Reliable inflation data for South Africa are published as far back as 192153, co-inciding with the establishment of the SA Reserve Bank, although rudimentary data on price levels are available as far back as 1895. South Africa’s problems with accelerating inflation since the 1970s are well documented (see for instance De Kock, 1981; De Kock, 1984; Republiek van Suid-Afrika, 1985; Rupert, 1974a; Rupert, 1974b; or Stals, 1989), but various parts (or regions) of what constitutes today the Republic of South Africa have experienced problems with inflation, rising prices or currency depreciation well before 1921. The first example of early inflation in South Africa was caused by currency depreciation. At the time of the second British annexation of the Cape in 1806, the Dutch riksdaalder (“riksdollar”) served as the major local currency in circulation. During the tenure of Caledon, Governor of the Cape Colony from 1807 to 1811, and Cradock, Governor from 1811 to 1814, riksdollar notes in circulation were increased by nearly 50 per cent (Engelbrecht, 1987: 29). As could be expected under circumstances of increasing currency in circulation, the value of the riksdollar in comparison to the British pound sterling and in terms of its purchasing power declined from 4 shillings in 1806 to 1 shilling and 5½ pennies in 1825 (or 53 Tables A1 to C1 in Appendices A to C highlight South Africa’s experience with inflation, as measured by changes in the CPI since 1921. -
USA Metric System History Pat Naughtin 2009 Without the Influence of Great Leaders from the USA There Would Be No Metric System
USA metric system history Pat Naughtin 2009 Without the influence of great leaders from the USA there would be no metric system. Since many in the USA do not believe this statement, let me repeat it in a different way. It is my belief that without the influence of Benjamin Franklin, Thomas Jefferson, and George Washington, the metric system would not have developed in France in the 1780s and 1790s. The contribution made by these three great world leaders arose firstly from their cooperation in developing and implementing the idea of a decimal currency for the USA. The idea was that all money could be subdivided by decimal fractions so that money calculations would then be little more difficult than any normal whole number calculation. In 1782, Thomas Jefferson argued for a decimal currency system with 100 cents in a dollar. Less well known, he also argued for 1000 mils in a dollar. Jefferson reasoned that dividing America's First Silver Dollar decimally was the simplest way of doing this, and that a decimal system based on America's First Silver Dollar should be adopted as standard for the USA. The idea of using decimal fractions with decimal numbers was not new – even in the 1780s. Thomas Jefferson had studied 'Disme: the art of tenths' by Simon Stevin in which the use of decimals for all activities was actively promoted. Stevin proposed decimal fractions and their decimal arithmetic for: ... stargazers, surveyors, carpet-makers, wine-gaugers, mint-masters and all kind of merchants. Clearly Simon Stevin had in mind the use of decimal methods for all human activities and it is likely that this thought inspired Thomas Jefferson to propose not only a decimal currency for the USA but also a whole decimal method for weights and measures. -
1 from the Franc to the 'Europe': Great Britain, Germany and the Attempted Transformation of the Latin Monetary Union Into A
From the Franc to the ‘Europe’: Great Britain, Germany and the attempted transformation of the Latin Monetary Union into a European Monetary Union (1865-73)* Luca Einaudi I In 1865 France, Italy, Belgium and Switzerland formed a monetary union based on the franc and motivated by geographic proximity and intense commercial relations.1 The union was called a Latin Monetary Union (LMU) by the British press to stress the impossibility of its extension to northern Europe.2 But according to the French government and many economists of the time, it had a vocation to develop into a European or Universal union. This article discusses the relations between France, which proposed to extend the LMU into a European monetary union in the 1860’s, and the main recipients of the proposal; Great Britain and the German States. It has usually been assumed that the British and the Germans did not show any interest in participating in such a monetary union discussed at an international monetary Conference in Paris in 1867 and that any attempt was doomed from the beginning. For Vanthoor ‘France had failed in its attempt to use the LMU as a lever towards a global monetary system during the international monetary conference... in 1867,’ while for Kindleberger ‘the recommendations of the conference of 1867 were almost universally pigeonholed.’3 With the support of new diplomatic and banking archives, together with a large body of scientific and journalistic literature of the time, I will argue that in fact the French proposals progressed much further and were close to success by the end of 1869, but failed before and independently from the Franco-Prussian war of 1870. -
UK FINANCIAL HISTORY 1950 – 2015 Version FEBRUARY 2016 Operator Info
Document Info Notes Form SW55063 Job ID 57630 Size A4 Pages 1 Colour CMYK UK FINANCIAL HISTORY 1950 – 2015 Version FEBRUARY 2016 Operator Info 1 ALI 29/02/16 2 ALI 07/03/16 Barclays Equity Index £156,840 3 Dividends Reinvested 4 5 £100,000 6 Big Bang in the city London Olympics Interest rates hit 15% • 7 Northern Rock crisis • • 8 ECONOMIC INDICATORS Berlin Wall comes down Japanese• earthquake • • 9 30 Unemployment tops 3 million Bangladesh factory disaster RPI – annual % change (quarterly) • • 10 Stockmarket hits 62 England, Wales, Northern Ireland introduce smoking ban • Lockerbie disaster • 11 25 Bank base rates (quarterly avg.) • Scotland introduces smoking ban Bin Laden killed • • 12 First test tube baby born 20 GDP – annual % change (quarterly) • • ‘Black Wednesday’ stockmarket crisis Banking debt crisis hits UK Nelson Mandela dies 13 • • 14 15 London wins Olympic bid Greek bail-outs • UK gets £2,300 million from IMF • Single European Market begins • • 15 UK Interest Rates set at 0.5% Ebola outbreak Barclays Equity Price Index 10 • £9,558 £10,000 • Ex-Dividends Proof number 1 2 3 4 Barclays Gilt Index 5 Japanese interest rates at record low of 0.5% £8,631 • Ceasefire in Vietnam • Income Reinvested Mandatory checks 0 Poll Tax riots Hong Kong handover Plaza accord • Cyprus bail-out £5,554 UK Building Society Index • • • Income Reinvested -5 UK joins EEC News of World closes New Brand - use approved template (check size) • • War in Iraq Cuba/US• reconciliation Falklands War • • £3,058 Retail Prices Index Footer/Form number/version -
Protocol Relating to an Amendment to the Convention on International Civil Aviation
PROTOCOL RELATING TO AN AMENDMENT TO THE CONVENTION ON INTERNATIONAL CIVIL AVIATION ARTICLE 56, SIGNED AT VIENNA ON 7 JULY 1971 Entry into force: The Protocol entered into force on 19 December 1974. Status: 136 parties. State Date of deposit of instrument of ratification Algeria 2 February 1977 Andorra (5) 25 February 2001 Angola 10 April 1977 Antigua and Barbuda 17 October 1988 Argentina 18 August 1972 Australia 4 March 1974 Austria 10 September 1973 Bahrain 1 November 1971 Barbados 6 January 1972 Belarus 24 July 1996 Belgium 16 February 1972 Benin 30 March 2004 Bolivia (Plurinational State of) 30 December 1974 Bosnia and Herzegovina 7 March 1995 Botswana 28 March 2001 Brazil 17 December 1971 Brunei Darussalam 25 August 2000 Bulgaria 12 April 1972 Burkina Faso 15 June 1992 Cameroon 8 August 1972 Canada 3 December 1971 Chad 2 March 1973 Chile 6 September 1972 China (1) 28 February 1974 Congo 13 November 1978 Cook Islands 29 August 2005 Croatia 5 October 1993 Cuba 3 January 1975 Cyprus 5 July 1989 Czech Republic 15 April 1993 Democratic People’s Republic of Korea 27 June 1978 Democratic Republic of the Congo 22 January 1973 Denmark 10 September 1971 Dominica (12) 14 March 2019 Dominican Republic 30 May 1972 Ecuador 2 May 1975 Egypt 17 July 1972 El Salvador 13 February 1980 Eritrea 6 June 1995 Estonia 21 August 1992 Eswatini 31 January 1974 Ethiopia 9 September 1971 Finland 7 October 1971 France 13 September 1972 Gabon 10 January 1973 Gambia 25 January 1978 Germany (2) 16 September 1977 Greece 15 November 1971 Guatemala 11 February 1974 -
The Bank of England and Earlier Proposals for a Decimal ,Coinage
The Bank of England and earlier proposals for a decimal ,coinage The introduction of a decimal system of currency in Febru ary 1971 makes it timely to recall earlier proposals for decimalisation with which the Bank were concerned. The establishment of a decimal coinage has long had its advocates in this country.As early as 1682 Sir William Petty was arguing in favour of a system which would make it possible to "keep all Accompts in a way of Decimal Arith metick".1 But the possibility of making the change did not become a matter of practical politics until a decade later, when the depreciated state of the silver currency made it necessary to undertake a wholesale renewal of the coinage. The advocates of decimalisation, including Sir Christopher Wren - a man who had to keep many 'accompts' - saw in the forthcoming renewal an opportunity for putting the coin age on a decimal basis.2 But the opportunity was not taken. In 1696 - two years after the foundation of the Bank - the expensive and difficult process of recoinage was carried through, but the new milled coins were issued in the tra ditional denominations. Although France and the United States, for different reasons, adopted the decimal system in the 18th century, Britain did not see fit to follow their example. The report of a Royal Commission issued in 1819 considered that the existing scale for weights and measures was "far more con venient for practical purpose,s than the Decimal scale".3 The climate of public opinion was, however, changing and in 1849 the florin was introduced in response to Parliamentary pressure as an experimental first step towards a decimal ised coinage. -
Name Files 807 Abshire, David M
Name Files 807 Abshire, David M. [June 28, 1973] Acheson, Dean [1969-1971] Acheson meeting with President March 19, 1969 [Empty] Agnew, Harold M. Dr. [May-July 1971] Box Folder Date Extent Aiken - Cooper Mtg. (Senators) [1970-1971] Alexander, Lamar [1969-1970] Allen, R.V. [1969-1971] Allin, Mort [May 7, 1970] Alsop, Joseph [1969-1973] Anderson, Jack [1971-1972] Anderson, Martin [September 9, 1969] Anderson, Robert [1969-1973] Armstrong, Willis [December 1969-July 1970] Aubrac, Raymond [1971-1972] 808 Baker, Richard T. [April 1971] Barnett, Richard [December 1969] Bauer, Etienne [August 1971] Behr, Robert M. Col. [May 1971-April 1972] Archbishop Benelli [January 1970] Bergford, James [February 1970] Berry, Sidney B. Brig Gen. [October 1970] Box Folder Date Extent Name Files 808 Black, Eugene [April 1969-March 1970] Black, Shirley Temple [February 1970-June 1974] Blocker, Joel [October-December 1969] Bohlen, Charles E. [June 1969-August 1971] Borman, Frank [January-October 1969] Bowles, Chester [March-April 1970] Brandon, Henry [September 1969-July 1971] Brooke, Edward W. [July 1971-April 1973] Brown, Harold [May 1970-May 1971] Brown, John R. III [February 1969-February 1971] 809 Brownell, Herbert [August 1969-August 1972] Bruce, David [April 1969-July 1971] Buchanan, Patrick J. [March 1969-August 1973] Buckley, William [May 1970-August 1972] Bull, Steve [December 1971-April 1973] Bundy, McGeorge (The Ford Foundation) [September 1969-October 1971] Bunker, Ellsworth [June 1973] Box Folder Date Extent Name Files 809 (Gen.) Burchinal [December 1969-June 1971] Burchett, Wilfred [June 1969-November 1971] 810 Burke, Arleigh (Adm. Ret) [1973] Burns, Arthur F. [1969-1973] Bushnell, John [October 1973] Butterfield, Alexander P. -
The Irish Pound from Origins To
Quarterly Bulletin Spring 2003 The Irish Pound: From Origins to EMU by John Kelly* ABSTRACT The history of the Irish pound spans seventy-five years, from the introduction of the Saorsta´t pound in 1927 to the changeover to euro banknotes and coin in 2002. For most of this period, the Irish pound had a fixed link to sterling. It was only in the 1970s that this link was seriously questioned when it failed to deliver price stability. This article provides a brief overview of the pound’s origins, before looking in more detail at the questioning of the sterling link and events leading up to Ireland joining the EMS. Although early experiences in the EMS were disappointing, membership eventually delivered low inflation, both in absolute terms and relative to the UK, and laid the foundations for the later move to EMU. The path to EMU is followed in some detail. This covers practical preparations, assessment of benefits and costs and necessary changes in monetary policy instruments and legislation. Finally, the completion of the changeover encompasses the huge tasks of printing and minting sufficient amounts of euro cash, of distributing this to banks and retailers, and of withdrawing Irish pound cash, as well as the efforts of all sectors to ensure that the final changeover from the Irish pound to the euro was smooth and rapid. 1. Introduction The Irish pound ceased to be legal tender on 9 February 2002. This brought down the final curtain on a monetary regime which had its origins some 75 years earlier with the introduction of the Saorsta´t pound in 1927. -
White House Central Files, Staff Member and Office Files: Susan
CONTAINER NO. CONTENTS CORRESPONDENCE FILE, 1970-74 1 Thank-You Letters [2/70-7/70] Thank-Yous--1970 C[oralJS[chmidJ--Thank You's--1971 C[oralJS[chmid] Thank Yous 1972 October 1970-February 1972 Stephanie Wilson [1 of 3J October 1970-February 1972 Stephanie wilson [2 of 3] October 1970-February 1972 Stephanie Wilson [3 of 3] ~tephan ie Carbons [February 1972-August 1972] [1 of 2] Stephan ie Carbons [February 1972-August 1972] [2 of 2] 2 October 1970-July 1972 TN, JNE, DOE [1 of 3] October 1970-July 1972 TN, JNE, DOE [2 of 3] October 1970-July 1972 TN, JNE, DOE [3 of 3] Carbons Alphabetically (9/1/72-Election) [1 of 6] Carbons Alphabetically (9/1/72-E1ection) [2 of 6] [A-C) Carbons Alphabetically (9/1/72-Election) [3 of 6] [D-H) Carbons Alphabetically (9/1/72-E1ection) [4 of 6] [ I-M] Carbons Alphabetically (9/1/72-E1ection) [5 of 6] [N-R] Carbons Alphabetically (9/1/72-Election) [6 of 6] [S-Z) Carbons Alphabetically (Election-Inauguration) [1 of 4] Carbons Alphabetically (Election-Inauguration) [2 of 4] [A- C) Carbons Alphabetically (Election-Inauguration) [3 of 4] [O- M] Carbons Alphabetically (Election-Inauguration) [4 of 4] [N- Z] 3 Carbons Alphabetically (Inaug .-6/1/73) A-M [1 of 5] [A-B) Carbons Alphabetically (Inaug. -6/1/73) A-C-t [2 of 5] [C-D] Carbons Alphabetically (Inaug .-6/1/73) A-M [3 of 5] [E-G] Carbons Alphabetically (Inaug. -6/1/73) A-I-t [4 of 5] [H-K] Carbons Alphabetically (Inaug .-6/1/73) A-M [5 of 5] [L-!wJ] Carbons Alphabetically (Inaug.-6/l/73) N-Z [1 of 3] [N-Q] Carbons Alphabetically (Inaug.-6/1/73) N-Z [2 of 3] [R-S] Carbons Alphabetically (Inaug .-6/1/73) l-l-Z [3 of 3] IT-Z 1 Memos, Anne Armstrong (& [Pam] Powell) Memos, Jim Cavanaugh Memos, Clem Conger Memos, r-1ike Farrell/Bob Genader 4 Memos, Barbara Flynn (& [Eliska] Hasek) Memos, Gift Unit ~emos, William Henkel Memos, Miscellaneous Memos, National Security Council Memos, David Parker (& [Terrence] O'Donnell) ~emos, Coral Schmid Memos, \'lilliam Timmons C[oral]S[chmid]--Reading File 1970 Travel Vouchers C[oral]S[chmid] 8 CONTAINER NO. -
University of Huddersfield Repository
University of Huddersfield Repository Cook, Andrew J. Britain’s Other D-Day: The Politics of Decimalisation Original Citation Cook, Andrew J. (2020) Britain’s Other D-Day: The Politics of Decimalisation. Doctoral thesis, University of Huddersfield. This version is available at http://eprints.hud.ac.uk/id/eprint/35268/ The University Repository is a digital collection of the research output of the University, available on Open Access. Copyright and Moral Rights for the items on this site are retained by the individual author and/or other copyright owners. Users may access full items free of charge; copies of full text items generally can be reproduced, displayed or performed and given to third parties in any format or medium for personal research or study, educational or not-for-profit purposes without prior permission or charge, provided: • The authors, title and full bibliographic details is credited in any copy; • A hyperlink and/or URL is included for the original metadata page; and • The content is not changed in any way. For more information, including our policy and submission procedure, please contact the Repository Team at: [email protected]. http://eprints.hud.ac.uk/ BRITAIN’S OTHER D-DAY: THE POLITICS OF DECIMALISATION ANDREW JOHN COOK A thesis submitted to the University of Huddersfield in partial fulfilment of the requirements for the degree of Doctor of Philosophy The University of Huddersfield March 2020 CONTENTS Page Acknowledgements…………………………………………………………………………. 2 Abstract…………………………………………………………………………………………… 4 Chapter 1: Introduction…………………………………………………………………… 6 Chapter 2: Political Management…………………………………………………….. 50 Chapter 3: Britishness and Europeanisation…………………………………….. 92 Chapter 4: Modernity, Declinism and Affluence………………………………. 128 Chapter 5: Interest Groups………………………………………………………………. -
Were the 1972 Papers Most Cited in 1972 the Most Significant?
Were the 1972 Papers Most Cited in 1972 the Most Significant? [ 1 Number 42 October 17, 1973 At least a million papers were prJb- small that an average paper published lished in scientific and technical jour- in the latter half of the year will be nals in 1972. lS1@ covered about half cited the same year. What then would of them in its various services. Each be your estimate of the probability and every paper must have sewed a use- that anything but a significant 1972 pa- ful purpose for someone--for its au- per would be cited 18 or more times thors, for at least a few readers, and for the same year? The answer is 1 out of the editor or journal that published it. 20,000. [n other words, only 25 papers But by no stretch of the imagination made it, Looking at it another way, any can even 10% of those million papers paper that is cited about once each be regarded as “significant.” How then month after it is published is bound to can one identify by some straightfor- be interesting. And the rate will in- ward, fast and apolitical method those crease in time if it is a candidate for that are significant? Polling the mem- classical status. berships of our professional societies The 25 highly cited 1972 papers arc would be hopelessly slow and costly. listed on page 7. All of thcm were pub- Using award committees is certainly Iishcd during the first half of the year-- “political”. the latest in May. About two-thirds of The “average” paper is cited about thcm appeared during the first quarter 1.7 times during any calendar year after of the year.