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Debasement information


Starting with Nero in AD 64, the Romans continuously debased their silver coins until, by the end of the 3rd century, hardly any silver was left.

A debasement of coinage is the practice of lowering the intrinsic value of coins, especially when used in connection with commodity money, such as gold or silver coins, while continuing to circulate it at face value. A coin is said to be debased if the quantity of gold, silver, copper or nickel in the coin is reduced.

Debasement is a practice of governments, and in government debasement, governments make their debased coins legal tender, which is not something private minters can do given that the practice cannot be easily engaged in without a government requiring that people accept debased coins.[1][self-published source]

  1. ^ Wenzel, Robert (26 August 2011). "Another Anti-Gold Howler from Nouriel Roubini". Economic Policy Journal.[self-published source]

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Debasement

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The Great Debasement (1544–1551) was a currency debasement policy introduced in 1544 England under the order of Henry VIII which saw the amount of precious...

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Roman currency

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decreased. The problem of debasement in the Roman economy appears to be pervasive, although the severity of the debasement often paralleled the strength...

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Kipper und Wipper

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In Europe, there were many sources of debased money. Though there is not one specific place where the debasement of coins can be traced back to, there...

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Debased heraldry

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Debased heraldry is heraldry containing complex, non-standard and non-heraldic charges. They cannot be correctly drawn from the blazon alone, as is the...

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Debasement Tapes

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Denarius

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Roman Republic and the early Empire. The denarius began to undergo slow debasement toward the end of the republican period. Under the rule of Augustus (27...

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Coins of the Australian pound

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Pre-decimal Australian coins arose when the Federation of Australia gave the constitutional power to Commonwealth of Australia to mint its own coinage...

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Debasers Filums

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Coin

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"pound": consistent with e.g. France. Debasement of coin was widespread. There were periods of significant debasement in 1340–60 and 1417–29, when no small...

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American Revolutionary War

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degradation ... If she neglected it, if fear overcame duty, she would add debasement to humiliation, and become an object of contempt to her own century and...

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Latin Monetary Union

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standard finenesses for Papal States silver and gold coinage with no debasement. This assertion is not supported by the coinage record. Greece issued...

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Walt Disney

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regarded as a paradigm of American imperialism and intolerance, as well as a debaser of culture." Steven Watts wrote that some denounce Disney "as a cynical...

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Canadian dollar

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composition was maintained for the 10¢, 25¢ and 50¢ piece through 1966, but the debasement of the 5¢ piece continued in 1922 with the silver 5¢ being entirely replaced...

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Vladimir Lenin

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exile by Stalin's administration, Trotsky argued that Stalinism was a debasement of Leninism, which was dominated by bureaucratism and Stalin's own personal...

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Diogenes

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a controversial figure. He was banished, or he fled, from Sinope over debasement of currency. He was the son of the mintmaster of Sinope, and there is...

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Ducat

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but he maintained the purity of the gold. In light of the 15th century debasement of the Rhenish florin or goldgulden versus the original ducat, the Holy...

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Debauchery

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Debauchery may refer to: Corruption Libertinism Lust Binge drinking Currency debasement Debauchery (band), a German death metal band Sodom, or the Quintessence...

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Jennifer Connelly

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fetal ball with a furtive smile on her face, she has come to love her debasement.... Her dank realization is more disturbing than anything in the novel...

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Siliqua

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reforms in the fourth century: Diocletian's twin Edicts of AD 301" in Debasement: manipulation of coin standards in pre-modern monetary systems, edited...

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Folk music

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that folk music originated as art music that was changed and probably debased by oral transmission while reflecting the character of the society that...

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