Loan of the Town of Hagen - 1923 dated 50,000 German Marks Bond (Uncanceled) - Hagen, Germany
Inv# FB6362 Bond
50,000 Mark 5% Uncanceled Bond. Unattached coupons remain. Hagen, Germany. In response to the Kapp Putsch in March 1920, during which right-wing groups attempted to overthrow the elected government and establish an authoritarian regime, tens of thousands of leftist workers in the Ruhr Valley, Germany's most important industrial area, seized the opportunity to stage a revolutionary uprising. From March 13 to April 2, 1920, the 50,000-strong Ruhr Red Army took control of the industrial district. Government and paramilitary forces were deployed against the workers, suppressing the uprising and resulting in the deaths of an estimated 1,000 workers. A memorial to the uprising was later erected in Hagen. By 1928, Hagen had grown into a city of over 100,000 inhabitants.
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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