Peter the Great’s decision to ban beards was unpopular, not only because it was a significant challenge to tradition but also because shaving a beard was interpreted by some Orthodox Christians as being sinful.
The new banknotes were welcomed because they were lighter, easier to carry, and more convenient for trade. The bank also found that paper currency encouraged greater commercial activity.
From its high of 381.17 on September 3, 1929, the Dow plummeted by almost 90 per cent to 41.22 on July 8, 1932.
The EEC, sometimes referred to as the Common Market, survived until 2009 when it was absorbed into the European Union.
The early introduction of three of the six new coins, together with an extensive publicity campaign, contributed greatly to the smoothness of Decimal Day when it finally came about in 1971.
The new currency was backed by land that was used by businesses and agriculture, and was introduced at the rate of one Rentenmark to one trillion Papiermarks.
U.S. President Dwight D. Eisenhower apologised to Ghanaian finance minister Komla Agbeli Gbedemah after he was refused service in a Delaware restaurant.
Although the targets were constantly revised to the point where they could never be achieved, the first five-year plan firmly set the USSR on the road to becoming a world superpower.
Duke Wilhelm IV of Bavaria signed the Reinheitsgebot, a law to ensure the purity of beer that specified a limited number of ingredients.
The first traveller’s cheques, in the form of a ‘circular note’ issued by a bank, went on sale in London.
28th June 2015
11th November 2025
11th November 2025
1st September 2018
9th November 2019
