The Dresden Coinage Convention of 1838 was a multilateral treaty that attempted to bring some degree of standardisation to the currencies used in the Zollverein.
Dresden Coinage Convention
Type
Multilateral treaty
Context
To bring some degree of standardisation to the currencies used in the Zollverein
Drafted
30 July 1838
Signed
7 January 1839 (1839-01-07)
Location
Dresden
Parties
States of the Zollverein
Zollverein, founding states in blueTreaty double Thaler from Waldeck-Pyrmont, known as the "Fat Emma", dated 1847 and bearing the inscription 2 / THALER / 3½ / GULDEN
The convention was agreed to at the General Mint Convention of the States of the German Customs Union or Zollverein, held at Dresden. The conference had been prompted in part by the Munich Coin Treaty of 1837, by which the south German states adopted a unified currency. The Dresden Treaty was concluded on 30 July 1838 and was ratified by the States of the Zollverein at a follow-up meeting on 7 January 1839. The contracting parties to the convention agreed to use either the Prussian thaler or the gulden; the treaty established permanently fixed exchange rates between the two currencies. The thaler was agreed to be equal to 1.75 gulden and thus the gulden was agreed to be equal to 4/7 thaler.
Forrest Capie, "Monetary Unions in Historical Perspective: What Future for the Euro in the International Monetary System", Open Economies Review9:447-466 (1998).
William Arthur Shaw, A History of Currency, 1252 to 1896 (New York : Augustus M. Kelley, 1967)
January 01, 1970
dresden, coinage, convention, 1838, multilateral, treaty, that, attempted, bring, some, degree, standardisation, currencies, used, zollverein, typemultilateral, treatycontextto, bring, some, degree, standardisation, currencies, used, zollvereindrafted30, july,. The Dresden Coinage Convention of 1838 was a multilateral treaty that attempted to bring some degree of standardisation to the currencies used in the Zollverein Dresden Coinage ConventionTypeMultilateral treatyContextTo bring some degree of standardisation to the currencies used in the ZollvereinDrafted30 July 1838Signed7 January 1839 1839 01 07 LocationDresdenPartiesStates of the Zollverein Zollverein founding states in blue Treaty double Thaler from Waldeck Pyrmont known as the Fat Emma dated 1847 and bearing the inscription 2 THALER 3 GULDEN The convention was agreed to at the General Mint Convention of the States of the German Customs Union or Zollverein held at Dresden The conference had been prompted in part by the Munich Coin Treaty of 1837 by which the south German states adopted a unified currency The Dresden Treaty was concluded on 30 July 1838 and was ratified by the States of the Zollverein at a follow up meeting on 7 January 1839 The contracting parties to the convention agreed to use either the Prussian thaler or the gulden the treaty established permanently fixed exchange rates between the two currencies The thaler was agreed to be equal to 1 75 gulden and thus the gulden was agreed to be equal to 4 7 thaler The parties to the treaty were the states that at the time were members of the Zollverein Baden Bavaria Frankfurt Hesse Darmstadt Hesse Homburg Hesse Kassel Nassau Prussia Reuss Gera Reuss Greiz Saxe Altenburg Saxe Coburg and Gotha Saxe Meiningen Saxe Weimar Eisenach Saxony Schwarzburg Rudolstadt Schwarzburg Sondershausen and Wurttemberg Further standardisation came in 1857 when the Zollverein states and Austria agreed to the Vienna Monetary Treaty By 1857 the Dresden Convention had also been accepted by Brunswick Hanover and Oldenburg Luxembourg did not accept the Dresden Convention even though it joined the Zollverein in 1842 References editForrest Capie Monetary Unions in Historical Perspective What Future for the Euro in the International Monetary System Open Economies Review 9 447 466 1998 William Arthur Shaw A History of Currency 1252 to 1896 New York Augustus M Kelley 1967 Retrieved from https en wikipedia org w index php title Dresden Coinage Convention amp oldid 1096569813, wikipedia, wiki, book, books, library,
