Ottoman Empire Bearer Bond
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Ottoman Empire Bearer Bond
Ottoman Empire Bearer Bond. Date: 1863
Mary Evans Picture Library makes available wonderful images created for people to enjoy over the centuries
Media ID 14346151
© Mary Evans / Grenville Collins Postcard Collection
1863 Bearer Bond Bonds Commerce Coupon Coupons Finance Saving Dividend Ottoman
EDITORS COMMENTS
1. Title: "A Window into the Financial Past: An Ottoman Empire Bearer Bond from the 19th Century" This photograph showcases an authentic Ottoman Empire Bearer Bond from the year 1863. Bearer bonds were financial instruments that did not require the holder to register ownership with a central authority, allowing for easy transfer of ownership through simple possession. This particular bond is a testament to the intricate and complex financial systems that existed during the Ottoman Empire in the 19th century. The Ottoman Empire, which spanned from the late 13th to the early 20th century, was one of the most powerful and influential empires in history. During this period, the empire underwent significant economic changes, including the expansion of commerce and the development of a modern financial system. The issuance of bearer bonds was part of these financial innovations. The Ottoman Empire Bearer Bond in the photograph features intricate engravings and detailed information. The coupons, located at the bottom of the bond, indicate the interest payments due to the bondholder. The dividends were typically paid in gold or silver coins, making these bonds a valuable asset for savers and investors. The 1863 date on the bond marks an important period in the Ottoman Empire's history. By this time, the empire had begun to modernize its financial systems, adopting European practices and institutions. The issuance of bearer bonds was a part of these reforms, which aimed to attract foreign investment and bolster the empire's economy. This photograph offers a unique glimpse into the financial history of the Ottoman Empire during the 19th century. It serves as a reminder of the intricate financial systems that existed during this time and the role that bearer bonds played in the economic development of the empire.
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