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Wära
The Wära was a demurrage-charged currency used in Germany introduced in 1926 as a free economy experiment. It was introduced by Hans Timm and Helmut Rödiger, who were followers of Silvio Gesell. The Wära is comparable to current models of local currencies. Concept and function The word ''Wära'', invented by Timm and Rödiger, comes from the words ''Währung'' (currency) and ''währen'' ("to last"), in the sense of "lasting", "stable". One Wära corresponded to one Reichsmark. Wära banknotes were available in denominations of 1/2, 1, 2, 5, and 10 Wära. Each Wära banknote had a monthly demurrage fee of one percent of its nominal value. This fee could be balanced by the acquisition of demurrage stamps of 1/2, 1, 2, 5, and 10 Wära-cents (1 cent equalled 1 Reichspfennig). On the back of the Wära banknote was a series of printed fields, where the demurrage stamps could be glued onto. The idea of this measure was to place the currency under compulsory circulation. To avoid l ...
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Demurrage (currency)
Demurrage is the cost associated with owning or holding currency over a given period. It is sometimes referred to as a carrying cost of money. For commodity money such as gold, demurrage is the cost of storing and securing the gold. For paper currency, it can take the form of a periodic tax, such as a stamp tax, on currency holdings. Demurrage is sometimes cited as economically advantageous, usually in the context of complementary currency systems. Theory While demurrage is a natural feature of private commodity money, it has at various times been deliberately incorporated into currency systems as a disincentive to hoard money and to achieve more efficient allocation of capital in society. In particular, for long-term investment financing, it affects the dynamics of net present value (NPV) calculations. Demurrage in a currency system reduces discount rates, and thus increases the present value of a long-term investment, and thus gives an incentive for such investments.Bernard L ...
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Max Hebecker
Max or MAX may refer to: Animals * Max (dog) (1983–2013), at one time purported to be the world's oldest living dog * Max (English Springer Spaniel), the first pet dog to win the PDSA Order of Merit (animal equivalent of OBE) * Max (gorilla) (1971–2004), a western lowland gorilla at the Johannesburg Zoo who was shot by a criminal in 1997 Brands and enterprises * Australian Max Beer * Max Hamburgers, a fast-food corporation * MAX Index, a Hungarian domestic government bond index * Max Fashion, an Indian clothing brand Computing * MAX (operating system), a Spanish-language Linux version * Max (software), a music programming language * Commodore MAX Machine * Multimedia Acceleration eXtensions, extensions for HP PA-RISC Films * ''Max'' (1994 film), a Canadian film by Charles Wilkinson * ''Max'' (2002 film), a film about Adolf Hitler * ''Max'' (2015 film), an American war drama film Games * ''Dancing Stage Max'', a 2005 game in the ''Dance Dance Revolution'' series * ''DDR ...
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Hans Trimborn
Hans may refer to: __NOTOC__ People * Hans (name), a masculine given name * Hans Raj Hans, Indian singer and politician ** Navraj Hans, Indian singer, actor, entrepreneur, cricket player and performer, son of Hans Raj Hans ** Yuvraj Hans, Punjabi actor and singer, son of Hans Raj Hans * Hans clan, a tribal clan in Punjab, Pakistan Places * Hans, Marne, a commune in France * Hans Island, administrated by Greenland and Canada Arts and entertainment * ''Hans'' (film) a 2006 Italian film directed by Louis Nero * Hans (Frozen), the main antagonist of the 2013 Disney animated film ''Frozen'' * ''Hans'' (magazine), an Indian Hindi literary monthly * ''Hans'', a comic book drawn by Grzegorz Rosiński and later by Zbigniew Kasprzak Other uses * Clever Hans, the "wonder horse" * ''The Hans India'', an English language newspaper in India * HANS device, a racing car safety device *Hans, the ISO 15924 code for Simplified Chinese script See also *Han (other) Han may refer to: ...
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Anton Nordwall
Anton may refer to: People *Anton (given name), including a list of people with the given name *Anton (surname) Places *Anton Municipality, Bulgaria **Anton, Sofia Province, a village *Antón District, Panama **Antón, a town and capital of the district *Anton, Colorado, an unincorporated town *Anton, Texas, a city *Anton, Wisconsin, an unincorporated community *River Anton, Hampshire, United Kingdom Other uses *Case Anton, codename for the German and Italian occupation of Vichy France in 1942 *Anton (computer), a highly parallel supercomputer for molecular dynamics simulations * ''Anton'' (1973 film), a Norwegian film * ''Anton'' (2008 film), an Irish film *Anton Cup The Anton Cup is the championship trophy of the Swedish junior hockey league, J20 SuperElit. The trophy was donated by Anton Johansson, chairman of the Swedish Ice Hockey Association between 1924 and 1948, in 1952, as an award for Sweden's top-rank ...
, the championship trophy of the Swedish junior hockey ...
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Commerzbank
Commerzbank AG () is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet. Founded in 1870 in Hamburg, the bank is today present in more than 50 countries around the world and provides almost a third of Germany's trade finance. In 2017, it handled 13 million customers in Germany and 5 million customers in Central and Eastern Europe. Commerzbank is a member of the Cash Group. 15% of the shares are owned by the Federal Republic of Germany and 85% are in free float. History Empire On 26 February 1870, mainly Hanseatic merchants, merchant bankers and private bankers founded the Commerz- and Disconto-Bank in Hamburg. Shipowner C. Woermann was the first chairman of the supervisory board of Commerz- und Disconto-Bank from 1870.
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Norderney
Norderney ( nds, Nördernee) is one of the seven populated East Frisian Islands off the North Sea coast of Germany. The island is , having a total area of about and is therefore Germany's ninth-largest island. Norderney's population amounts to about 5,850 people. In 1946 Norderney gained municipal status and belongs to the Aurich "Kreis" (county). On the northern side of the island lies a long sandy beach. The neighbouring island to the east is Baltrum, which lies about 800m (half a mile) away beyond the Wichter Ee. To the west is the island of Juist, about away on the other side of the Norderneyer Seegatt. The entire eastern half of Norderney belongs to the Lower Saxon Wadden Sea National Park. Access to the park is restricted, as it is subdivided in zones of different accessibility for the protection of the wildlife. The status as a National Park also affects all types of traffic on the island, while especially car traffic is subject to strict regulations. The mainland ...
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Norden, Lower Saxony
Norden (East Frisian Low Saxon: ''Nörden'') is a town in the district of Aurich, in Lower Saxony, Germany. It is situated near the North Sea shore, in East Frisia. Town and land use Norden consists of the town itself and ten official subdistricts. In addition to the old town centre, the main town includes the former municipality of Sandbauerschaft and the subdistricts Ekel, Lintel and Westgaste. They are divided into various quarters and residential areas such as Neustadt, Westlintel, Ostlintel, Ekelergaste, In der Wirde, Vierzig Diemat, Martensdorf, or "millionaire quarter". They have in common that they do not have any administrative function, but are places referred to in everyday local language. The other subdistricts are Bargebur, Leybuchtpolder, Norddeich (which bore the name '' Lintelermarsch'' until 1972), Westermarsch I, Westermarsch II, Southderneuland I, Southderneuland II and Tidofeld. The main town and the villages of Bargebur, Norddeich, Süderneneula ...
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Austria
Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous city and state. A landlocked country, Austria is bordered by Germany to the northwest, the Czech Republic to the north, Slovakia to the northeast, Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the west. The country occupies an area of and has a population of 9 million. Austria emerged from the remnants of the Eastern and Hungarian March at the end of the first millennium. Originally a margraviate of Bavaria, it developed into a duchy of the Holy Roman Empire in 1156 and was later made an archduchy in 1453. In the 16th century, Vienna began serving as the empire's administrative capital and Austria thus became the heartland of the Habsburg monarchy. After the dissolution of the H ...
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Wörgl
Wörgl () is a city in the Austrian state of Tyrol, in the Kufstein district. It is from the international border with Bavaria, Germany. Population Transport Wörgl is an important railway junction between the line from Innsbruck to Munich, and the inner-Austrian line to Salzburg. Its railway station has been designated as a ''Hauptbahnhof'' (german: main station) since 10 December 2006. European route E641 connects Wörgl with Salzburg, the routes E45 and E60 (Austrian autobahn A12) pass through Wörgl. File:Bahnhof Wörgl alt.jpg, Wörgl railway station in 1900 File:Wörgl Gare 1965.jpg, Wörgl railway station in 1965 History World War II Nearby Itter Castle was the site of one of the last European and most unusual battles of World War II. The Battle for Itter Castle was fought on 5 May 1945 by surrendered Wehrmacht troops, the United States Army, Austrian Resistance fighters and former French political prisoners against the 17th ''Waffen-SS Panzer Grenadier'' Di ...
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Michael Unterguggenberger
Michael may refer to: People * Michael (given name), a given name * Michael (surname), including a list of people with the surname Michael Given name "Michael" * Michael (archangel), ''first'' of God's archangels in the Jewish, Christian and Islamic religions * Michael (bishop elect), English 13th-century Bishop of Hereford elect * Michael (Khoroshy) (1885–1977), cleric of the Ukrainian Orthodox Church of Canada * Michael Donnellan (1915–1985), Irish-born London fashion designer, often referred to simply as "Michael" * Michael (footballer, born 1982), Brazilian footballer * Michael (footballer, born 1983), Brazilian footballer * Michael (footballer, born 1993), Brazilian footballer * Michael (footballer, born February 1996), Brazilian footballer * Michael (footballer, born March 1996), Brazilian footballer * Michael (footballer, born 1999), Brazilian footballer Rulers =Byzantine emperors= *Michael I Rangabe (d. 844), married the daughter of Emperor Nikephoros I *Mich ...
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Notgeld
''Notgeld'' (German for "emergency money" or "necessity money") refers to money issued by an institution in a time of economic or political crisis. The issuing institution is usually one without official sanction from the central government. This usually occurs when not enough state-produced money is available from the central bank. In particular, ''notgeld'' generally refers to money produced in Germany and Austria during World War I and the interwar period. Issuing institutions could be a town's savings banks, municipalities and private or state-owned firms. Nearly all issues contained an expiry date, after which time they were invalid. Issues without dates ordinarily had an expiry announced in a newspaper or at the place of issuance. ''Notgeld'' was mainly issued in the form of (paper) banknotes. Sometimes other forms were also used: coins, leather, silk, linen, wood, postage stamps, aluminium foil, coal, and porcelain; there are also reports of elemental sulfur being used, as ...
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Reichsbank
The ''Reichsbank'' (; 'Bank of the Reich, Bank of the Realm') was the central bank of the German Reich from 1876 until 1945. History until 1933 The Reichsbank was founded on 1 January 1876, shortly after the establishment of the German Empire in 1871. It was the central bank of Prussia, under the close control of the Reich government. Its first president was Hermann von Dechend. Before unification in 1871, Germany had 31 central banks – the Notenbanken ("note banks"). Each of the independent states issued their own money. In 1870, a law was passed that forbade the formation of further central banks. In 1874, a draft banking law was introduced in the ''Reichstag'', the federal legislature of the German Reich. After several changes and compromises, the law was passed in 1875. Despite the creation of the Reichsbank, however, four of the ''Notenbanken'' – Baden, Bavaria, Saxony and Württemberg – continued to exist until 1914 . The Reichsbank experienced both ...
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