5% Loan of The City of Baku - 1910 Dated Russian Bond (Uncanceled)

Dated 1910. Denomination 189 Roubles Bond. Czar Nicholas II. Text on the back in Russian, English and French. Coat of Arms on the front. Uncanceled and attractive!!!

In 1894, Alexander III was succeeded by his son, Nicholas II, who was committed to retaining the autocracy that his father had left him. Nicholas II proved ineffective as a ruler, and in the end his dynasty was overthrown by revolution. The Industrial Revolution began to show significant influence in Russia, but the country remained rural and poor.

Economic conditions steadily improved after 1890, thanks to new crops such as sugar beets, and new access to railway transportation. Total grain production increased, as well as exports, even with rising domestic demand from population growth. As a result, there was a slow improvement in the living standards of Russian peasants in the Empire's last two decades before 1914. Recent research into the physical stature of Army recruits shows they were bigger and stronger. There were regional variations, with more poverty in the heavily populated central black earth region; and there were temporary downturns in 1891–93 and 1905–1908.

On the political right, the reactionary elements of the aristocracy strongly favored the large landholders, who, however, were slowly selling their land to the peasants through the Peasants' Land Bank. The Octobrist party was a conservative force, with a base of landowners and businessmen. They accepted land reform but insisted that property owners be fully paid. They favored far-reaching reforms, and hoped the landlord class would fade away, while agreeing they should be paid for their land. Liberal elements among industrial capitalists and nobility, who believed in peaceful social reform and a constitutional monarchy, formed the Constitutional Democratic Party or Kadets. Read more at https://en.wikipedia.org/wiki/Russian_Empire

Read More

Read Less