Fiat Money Inflation in France: How a first world nation destroyed its economy and led to the rise of Napoleon Bonaparte
ISBN-13:
9788792295033
ISBN-10:
8792295037
Edition:
New Edition
Author:
A D White
Publication date:
2008
Publisher:
Ad Publishing
Format:
Paperback
112 pages
FREE US shipping
Book details
ISBN-13:
9788792295033
ISBN-10:
8792295037
Edition:
New Edition
Author:
A D White
Publication date:
2008
Publisher:
Ad Publishing
Format:
Paperback
112 pages
Summary
Fiat Money Inflation in France: How a first world nation destroyed its economy and led to the rise of Napoleon Bonaparte (ISBN-13: 9788792295033 and ISBN-10: 8792295037), written by authors
A D White, was published by Ad Publishing in 2008.
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Description
Early in the year 1789 the French nation found itself in deep financial embarrassment; and this was speedily followed by calls for an issue of paper money. By August 1, 1795, some six years later, the gold 25 francs coin was worth in paper, 920 francs; on September 1st, 1,200 francs; on November 1st, 2,600 francs; on December 1st, 3,050 francs. In February, 1796, it was worth 7,200 francs or one franc in gold was worth 288 francs in paper. Prices of all commodities went up nearly in proportion. This story, of how a first world nation turned to paper money and destroyed itself, its people and its economy in the process, even arguably setting in motion the rise to power of Napoleon Bonaparte, is told in this book by Andrew Dickson White, academic, ambassador and author. As ever, history remains our best guide of what the future holds, and, considering our Fiat money system today, sounds a warning call that should be heeded.
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