Ads
related to: currency used to trade oil and salt based soap and wax remover for hardwood floors
Search results
Results From The WOW.Com Content Network
Petrodollar recycling. Fluctuations of OPEC net oil export revenues since 1972, showing elevated inflation-adjusted levels during 1974–1981 and 2005–2014 [1][2] Petrodollar recycling is the international spending or investment of a country's revenues from petroleum exports (" petrodollars "). [3] It generally refers to the phenomenon of ...
"Petrocurrency" or (more commonly) "petrodollars" are popular shorthand for revenues from petroleum exports, mainly from the OPEC members plus Russia and Norway.Especially during periods of historically expensive oil, the associated financial flows can reach a scale of hundreds of billions of US dollar-equivalents per year – including a wide range of transactions in a variety of currencies ...
t. e. The history of the United States dollar began with moves by the Founding Fathers of the United States of America to establish a national currency based on the Spanish silver dollar, which had been in use in the North American colonies of the Kingdom of Great Britain for over 100 years prior to the United States Declaration of Independence.
Shell money is a medium of exchange similar to coin money and other forms of commodity money, and was once commonly used in many parts of the world. [1] Shell money usually consisted of whole or partial sea shells, often worked into beads or otherwise shaped. The use of shells in trade began as direct commodity exchange, the shells having use ...
The city-states of Sumer developed a trade and market economy based originally on the commodity money of the Shekel, which was a certain weight measure of barley, while the Babylonians and their city-state neighbors later developed the earliest system of economics using a metric of various commodities, that was fixed in a legal code.
Flying cash. Flying cash (Chinese: 飛錢), or Feipiao, was a type of paper negotiable instrument used during China's Tang dynasty invented by merchants but adopted by the state. Its name came from their ability to transfer cash across vast distances without physically transporting it. [1]
The Ibo tribe still used them prior to this and at Wukai a deep bowl of corn was considered equal to one large manilla and a cup-shaped receptacle filled with salt was worth one small manilla. [6] Although manillas were legal tender, they floated against British and French West African currencies and the palm-oil trading companies manipulated ...
Description. Cosmoline was developed by Houghton International in the 1860s or 1870s as a pharmaceutical product. The original Cosmoline was an ointment and was used for many different cosmetic and medical purposes, it was even advocated to promote hair growth. [3] It was kept in homes to disinfect wounds and was used by veterinarians to treat ...