Aufsätze Ökonomik

Aufsätze Pädagogik

Aufsätze Sozialethik


Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.

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Coin foot (standard [of alloy], monetary standard)

Formerly the determination of how many coins may be minted from a weight unit of precious metal. – For the Germany of that time, Emperor Ferdinand I enacted the Imperial Coinage in 1559. Eight thalers (thaler: named after the Bohemian town of Jáchymov with its rich silver deposits) were to be minted from one weight mark – 233.856 g of fine silver, according to today’s unit of measurement. – In 1623, the new imperial coinage was introduced. One mark of silver was now worth nine thalers and two groschen. – As early as 1697, the Zinnische Fuss was agreed upon, so called after the monastery of Zinna in Magdeburg, where the minting deputation met. The Mark silver rose to ten thalers and 12 groschen. – This was followed in 1699 by the Leipzig foot: the Mark silver was then minted at twelve thalers. – In 1823, fourteen thalers were struck from the mark silver in Prussia. – In individual, besides these imperial coins, there was an unhealthy variety (a disastrous number) of other coins put into circulation by minting sovereigns. – After 1871, the thaler was replaced in all German states by the mark (= one-third thaler) at 100 pfennigs. At the beginning of 1999, the euro replaced the mark as legal tender in Germany.- See coin commis, coin union, Latin, coin treaties, pound.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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