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Cosa (chi) è debasement$19082$ - definizione
PRACTICE OF LOWERING THE VALUE OF CURRENCY; FINANCIAL GAIN FOR THE SOVEREIGN AT THE EXPENSE OF CITIZENS
Debase; Coin debasement; Currency debasement; Debasement of currency; Debasing; Base silver; Debased silver
The Great Debasement
.jpg?width=200 "Henry VIII Groat 1526-1532")
.jpg?width=200 "Henry VIII penny 1509-1547")
.jpg?width=200 "Henry VIII half sovereign 1544 - 1547")
16TH-CENTURY ENGLISH CURRENCY POLICY
Great Debasement; Old Coppernose
The Great Debasement (1544–1551) was a currency debasement policy introduced in 1544 England under the order of Henry VIII which saw the amount of precious metal in gold and silver coins reduced and in some cases replaced entirely with cheaper base metals such as copper. Overspending by Henry VIII to pay for his lavish lifestyle and to fund foreign wars with France and Scotland are cited as reasons for the policy's introduction.
debase
(debases, debasing, debased)
To debase something means to reduce its value or quality. (FORMAL)
Politicians have debased the meaning of the word 'freedom'...
= degrade
VERB: V n
• debased
...the debased standards of today's media.
ADJ
debasement
Debasement is the action of reducing the value or quality of something. (FORMAL)
...the debasement of popular culture.
N-UNCOUNT: oft N of n
Wikipedia
Debasement
A debasement of coinage is the practice of lowering the intrinsic value of coins, especially when used in connection with commodity money, such as gold or silver coins. A coin is said to be debased if the quantity of gold, silver, copper or nickel in the coin is reduced.
Debasement is a practice of governments, and in government debasement, governments make their debased coins legal tender, which is not something private minters can do given that the practice cannot be easily engaged in without a government requiring that people accept debased coins.
