The Latin Monetary Union (“LMU") was a monetary union established in 1867 based on coinage standards originating with Napoleon in 1800 (specifically, the "Marengo," minted to commemorate Napoleon's victory at the Battle of Marengo). Officially, it included France, Belgium, Greece, Italy, Spain, Venezuela, and others. Many other countries either matched the standard (e.g., Finland, Poland, Serbia, etc) or mirrored the standard (e.g., Argentina, Russia). By World War I, the LMU coinage included most of continental Europe (excluding German states and Scandinavia), and many colonies/countries overseas. The LMU was initially bimetallic at a gold/silver ratio of 15.5.
According to the LMU standard, gold coin were minted at 0.9 fine (21.4 karats), including:
- 5 Currency Units - 0.0467oz gold (example)
- 10 Currency Units - 0.0933oz gold (example)
- 20 Currency Units - 0.1867oz gold (example)
- 25 Currency Units - 0.2334oz gold (example)
- 40 Currency Units - 0.3734oz gold (example)
- 50 Currency Units - 0.4667oz gold (example)
- 80 Currency Units - 0.7465oz gold (example)
- 100 Currency Units - 0.9334oz gold (example)
The table below lists the gold coins minted according to the LMU standard in the pre-World War II period, excluding pattern & non-circulating coins. Best viewed on website (not mobile).
Countries Matching the LMU Standard:
| COUNTRY | DENOMINATION | TYPES |
|---|---|---|
| Albania | 20 Franga | Zog I [1926-1927](https://en.numista.c |
I'm currently trying to put together a full set of latin monetary union 20 unit (.1867 ozt) coins. If anyone can help me find some Italian 20 lire with Vittorio Emanuele III on it for a price below $1000.
1.What was the reasoning behind the creation of the Union and what were its benefits?
2.Which (or how many) nations participated in the Union?
3.Were there any similarities between this and modern organizations like the the EC or EU?
4.Why did it dissolve and what were the economic consequences (good and bad) for the former member states and the continent (or world) as a whole?
A couple examples from my experience working in a grocery union:
When my department manager would change the schedule after I'd left for the day without noticing me, having proof of the earlier schedule was enough to protect me from getting penalized for "not being responsible enough" to know about the schedule change. A friend of mine who worked a non-union grocery position got written up multiple times for this.
A regional manager tried to get me written up because he came into my department unannounced while I was on a fifteen minute break. Without speaking to me, he lodged a complaint with the store manager who then called me in to try and shame me for not ending my break prematurely to placate the manager. I told my store manager the regional was a coward for not saying anything to me and if he wanted how to know breaks worked I'd be glad to arrange a meeting between him and my union rep. The issue was dropped immediately and I suffered no consequences.
What are some other benefits of union jobs that you've come across?
Norwegian government have seen a clear decrees in the value of the Krone (NOK), Krona (SEK) and the Krone (DKK) senes the beginning of the covid-19 pandemic and a a larger scale senes the early 2010s. To elevate the issue the Norwegian government proposes a monetary union between the kingdom of Norway, kingdom of Sweden, kingdom of Denmark and possibly the republic of Iceland were the participating nations would peg there currencies to one another and to make each member currencie legal tender in all other member countries.
The goal of the union would to increase tread between the union members and increases strength of the currencies on the global market,
Regarding both Denmark and Iceland both have som challenges to join the union, the first being the danish krone (DDK) fixed exchange rate with the Euro. For Iceland the challenge would’ve be active at of one to one with the other possible members, currently the Icelandic krona is worth between fourteen and twenty times less for each individual krone or krona.
To elevate the danish situation two primary possibly suctions envision are envisioned by Norwegian ministry of finance. first solution would be Denmark complicity discontents the Krone (DDK) form the Euro regarding fixed exchange rates. Second possible solution would be that the possible massively expanding the current band of possible exchange to the rang of 36.0 % to 50 %.
The Icelandic krona would require a relatively long term transition period of ca 3 to 5 years to be able to get its currency to the same exchange rate of the other members and to a more stable position.
Regarding Sweden and Norway could both a quickly able to fixe there exchange rates and stabilise there currencies, thanks to both having independent currencies and monetary policies.
This would not mean any member would lose sovereignty over there currency and each member retains the right to leave the union at any time and for any reason.
to me this is imperialism at its best. Not even the US is demanding something like this. Panama and Uruguay are both small countries that do this to attract investment. Basically, you don't have to pay income tax for foreign income (not earned inside the country) and the EU wants them to change that.
I am just going to say a phrase in Spanish that I heard in Libertarian circles: si hay paraísos fiscales es porque hay infiernos fiscales
1.What was the reasoning behind the creation of the Union and what were its benefits?
2.Which (or how many) nations participated in the Union?
3.Were there any similarities between this and modern organizations like the the EC or EU?
4.Why did it dissolve and what were the economic consequences (good and bad) for the former member states and the continent (or world) as a whole?
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What was the reasoning behind the creation of the Union and what were its benefits?
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Which (or how many) nations participated in the Union?
3.Were there any similarities between this and modern organizations like the the EC or EU?
4.Why did it dissolve and what were the economic consequences (good and bad) for the former member states and the continent (or world) as a whole?
1.What was the reasoning behind the creation of the Union and what were its benefits?
2.Which (or how many) nations participated in the Union?
3.Were there any similarities between this and modern organizations like the the EC or EU?
4.Why did it dissolve and what were the economic consequences (good and bad) for the former member states and the continent (or world) as a whole?
