Banque Fonciere; Peasant's Land Bank 5%
SKU:
C000550
$40.00
$40.00
[Russia] Banque Fonciere; Peasant's Land Bank 5% 1926
The Peasants' Land Bank (Russian: Крестьянский поземельный банк) was a financial institution of the Russian Empire founded during their reign of Tsar Alexander III, by his Minister of Finance, Nikolai Bunge. He created the Peasants' Land Bank in 1883 to help peasants purchase their own farms. The Peasants' Land Bank was somewhat limited in its effectiveness by a lack of funding; it was also not nearly as generous as the Nobles' Land Bank, which had lower interest rates. Bunge also abolished the Poll Tax, which was only paid for by peasants, in 1886, which helped to reduce the financial burden the peasants faced.
The Peasants' Land Bank (Russian: Крестьянский поземельный банк) was a financial institution of the Russian Empire founded during their reign of Tsar Alexander III, by his Minister of Finance, Nikolai Bunge. He created the Peasants' Land Bank in 1883 to help peasants purchase their own farms. The Peasants' Land Bank was somewhat limited in its effectiveness by a lack of funding; it was also not nearly as generous as the Nobles' Land Bank, which had lower interest rates. Bunge also abolished the Poll Tax, which was only paid for by peasants, in 1886, which helped to reduce the financial burden the peasants faced.
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