It was in the late 18th and early 19th centuries that the nation's first novels were published. With the War of 1812 and an increasing desire to produce uniquely American literature and culture, a number of key new literary figures emerged, perhaps most prominently Washington Irving and Edgar Allan Poe.In 1836, Ralph Waldo Emerson (1803â1882) started a movement known as Transcendentalism.illiam Faulkner (1897â1962) is notable for novels like The Sound and the Fury. American drama attained international status only in the 1920s and 1930s, with the works of Eugene O'Neill, who won four Pulitzer Prizes and the Nobel Prize.
R1bn boost for South African farming. South Africa's emerging and commercial farmers will benefit from financial assistance after the African Development Bank (AfDB) approved a R1-billion line of credit to the Land and Agricultural Development Bank of South Africa on Wednesday.he credit also includes a technical assistance component for capacity building at Land Bank and will enable the government to support, promote and facilitate the development and transformation of the agricultural sector in South Africa.
The South African Reserve Bank was established in terms of the Currency and Banking Act, 1920 (Act No. 31 of 1920) in Parliament.This came into being after a Gold Conference was held in October 1919. Prior to its establishment South African commercial banks issued banknotes to the public.These banks had to convert the notes from the public in to gold. Subsequently the gold was sold to London. Moreover, the gold had to be re-imported into South Africa and then be converted into banknotes again.The commercial banks requested the government to release them from the obligation to convert their banknotes into gold on demand. For this reason the Gold Conference was convened to discuss South Africaâs currency.In the course of the conference a Select Committee of the Parliament recommended the establishment of a central bank to take over the gold held by commercial banks and the issuing of banknotes.The recommendation was accepted by the South African Parliament.oreover, the gold had to be re-imported into South Africa and then be converted into banknotes again. The commercial banks requested the government to release them from the obligation to convert their banknotes into gold on demand. For this reason the Gold Conference was convened to discuss South Africaâs currency.