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Banking in Switzerland dates to the early 18th century through Switzerland 's merchant trade and has, over the centuries, grown into a complex, regulated, and international industry. Banking is seen as emblematic of Switzerland. The country has a long history of banking secrecy and client confidentiality reaching back to the early 1700s.
The Swiss franc has historically been considered a safe-haven currency, with a legal requirement that a minimum of 40% be backed by gold reserves. [24] However, this link to gold, which dated from the 1920s, was terminated on 1 May 2000 following a referendum, making the franc fiat money.
Swiss cuisine ( German: Schweizer Küche, French: cuisine suisse, Italian: cucina svizzera, Romansh: cuschina svizra) is an ensemble of national, regional and local dishes, consisting of the ingredients, recipes and cooking techniques developed in Switzerland or assimilated from other cultures, particularly neighboring countries.
The Federal Council was instituted by the 1848 Federal Constitution as the "supreme executive and directorial authority of the Confederation". [3] When the Constitution was written, constitutional democracy was still in its infancy, and the founding fathers of Switzerland had little in the way of examples. While they drew heavily on the United ...
Swiss style (also Swiss school, Swiss design) is a trend in graphic design, formed in the 1950s–1960s under the influence of such phenomena as the International Typographic Style, Russian Constructivism, the tradition of the Bauhaus school, the International Style and classical modernism. [1] [2] The Swiss style is associated with the ...
Main building of the Swiss Institute of Technology in Zürich (ETH) ETH was founded in 1854 by the Swiss Confederation and opened its doors in 1855 as a polytechnic institute. ETH achieved its reputation particularly in the fields of chemistry, mathematics and physics and there are 21 Nobel Laureates who are associated with the institution.
Jonas Furrer served as the first president of the Swiss Confederation (1848–1849). Jakob Stämpfli, who presided over the Federal Council in 1856, was just 35 years old, the youngest to date. Karl Schenk, as the longest-serving member of the Federal Council, was president of the Confederation six times, a number only equaled by Emil Welti.
