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 ...
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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.
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Add this copy of Fiat Money Inflation In France to cart. $36.75, new condition, Sold by Booksplease rated 4.0 out of 5 stars, ships from Southport, MERSEYSIDE, UNITED KINGDOM, published 2004 by Kessinger Publishing.
Add this copy of Fiat Money Inflation in France to cart. $40.29, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2004 by Kessinger Publishing.
This book by Andrew Dickson White was originally published in 1912. White was a historian, educator, diplomat and a scholar. The book traces the initiation and ultimate consequences of the paper money in revolutionary France in the 1790s.
It shows the devastating effects of a fiat money money program not only on the french economy but on the moral fiber of the nation. Probably the most interesting aspect of this book is the similarity of the arguments for a fiat money policy to those found in the monetary policy of the United States today. The disastrous consequences of such a policy are clearly shown. It's a reminder that those who ignore history are bound to repeat it.
