Hamburger Hochbahn - 1922 dated 10,000 German Marks Bond (Uncanceled) - Hamburg, Germany
Inv# FB6710 Bond
10,000 Marks 5% Uncanceled Bond with several coupons remaining. Hamburg, Germany. After experiencing periodic political unrest, particularly in 1848, Hamburg adopted a semi-democratic constitution in 1860. This new constitution allowed for the election of the Senate, the city-state's governing body, by adult taxpaying males. Other key features of the constitution included the separation of powers, the separation of Church and State, as well as freedom of the press, assembly, and association. Hamburg joined the North German Confederation from 1866 to 1871 and then became part of the German Empire from 1871 to 1918. Throughout the Weimar Republic from 1919 to 1933, the city maintained its self-governing status. In 1888, Hamburg joined the German Customs Union or Zollverein, alongside Bremen, as the last German state to do so.
The city experienced rapid growth in the latter half of the 19th century, with its population more than quadrupling to 800,000. This growth was propelled by the city's expanding Atlantic trade, which helped make Hamburg Europe's second-largest port. The Hamburg-America Line, under the direction of Albert Ballin, became the world's largest transatlantic shipping company at the beginning of the 20th century. Additionally, many shipping companies serving South America, Africa, India, and East Asia were based in the city. Hamburg also served as the departure port for many Germans and Eastern Europeans immigrating to the United States in the late 19th and early 20th centuries, leading to the establishment of trading communities from all over the world in the city.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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