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English-speaking countries also used a system of units of fluid measure, or in modern terminology volume units, based on the apothecaries' system. Originally, the terms and symbols used to describe the volume measurements of liquids were the same as or similar to those used to describe weight measurements of solids [33] (for example, the pound by weight and the fluid pint were both referred to ...
Dram (unit) The dram (alternative British spelling drachm; apothecary symbol ʒ or ℨ; [a] abbreviated dr) [4][5]: C-6–C-7 [6] is a unit of mass in the avoirdupois system, and both a unit of mass and a unit of volume in the apothecaries' system. [5] It was originally both a coin and a weight in ancient Greece. [7]
The minim (abbreviated min, ♏︎ or ♍︎) is a unit of volume in both the imperial and U.S. customary systems of measurement. Specifically it is 1⁄60 of a fluid drachm [1] or 1⁄480 of a fluid ounce. [2][3] The minim was introduced in the 1809 edition of The Pharmacopœia of the Royal College of Physicians of London as a replacement for ...
Silver standard. The Spanish silver dollar created a global silver standard from the 16th to 19th centuries. The silver standard[a] is a monetary system in which the standard economic unit of account is a fixed weight of silver. Silver was far more widespread than gold as the monetary standard worldwide, from the Sumerians c. 3000 BC until 1873.
In 1890, the price of silver dipped to $1.16 per ounce. By the end of the year, it had fallen to $0.69. By December 1894, the price had dropped to $0.60. On November 1, 1895, US mints halted production of silver coins, and the government closed the Carson City Mint. Banks discouraged the use of silver dollars. [5]
The drop is an approximated unit of measure of volume, the amount dispensed as one drop from a dropper or drip chamber. It is often used in giving quantities of liquid drugs to patients, and occasionally in cooking and in organic synthesis. The abbreviations gt or gtt come from the Latin noun gutta ("drop").
Large-size silver certificates, generally 1.5 in (38 mm) longer and 0.5 in (13 mm) wider than modern U.S. paper currency, (1878 to 1923) [nb 1] were issued initially in denominations from $10 to $1,000 (in 1878 and 1880) [4][5] and in 1886 the $1, $2, and $5 were authorized. [5][6] In 1928, all United States bank notes were re-designed and the ...
The Nixon shock was the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States President Richard Nixon on 15th August 1971 in response to increasing inflation. [ 1 ][ 2 ]