Overview
Fiat Money Inflation In France is a historical book written by Andrew Dickson White. The book is about the French Revolution and the financial crisis that occurred during that time. White explains how the French government, in an attempt to finance the revolution, printed large amounts of paper money that was not backed by any tangible assets. This led to a rapid inflation of prices and a devaluation of the currency. The book provides a detailed account of the economic policies that were implemented during this time and how they contributed to the financial crisis. White also discusses the social and political implications of the crisis, including the rise of radical political movements and the eventual downfall of the French monarchy. Fiat Money Inflation In France is considered an important historical text that sheds light on the economic and political challenges faced by France during the revolutionary period.The question will naturally be asked, On whom did this vast depreciation mainly fall at last? When this currency had sunk to about one three-hundredth part of its nominal value and, after that, to nothing, in whose hands was the bulk of it? The answer is simple. I shall give it in the exact words of that thoughtful historian from whom I have already quoted: ""Before the end of the year 1795 the paper money was almost exclusively in the hands of the working classes, employees and men of small means, whose property was not large enough to invest in stores of goods or national lands.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
- | Author: Andrew Dickson White
- | Publisher: Kessinger Publishing
- | Publication Date: Jun 17, 2004
- | Number of Pages: 64 pages
- | Binding: Paperback or Softback
- | ISBN-10: 1419119575
- | ISBN-13: 9781419119576
