The value of money (TVM) is the perception attributed to money at a given time taking into account economic circumstances that influence it, such as inflation.

Independence of Chile: Political and military process that allowed Chile to be liberated from Spanish domination at the beginning of the 19th century. The political and military process that freed Chile from Spanish domination at the beginning of the 19th century is known as Independence of Chile. Chile was part of the Spanish Empire since the mid-16th century, when the conqueror Pedro de Valdivia occupied the central valley and founded the city of Santiago in 1541.