Fiat Money Inflation In France - Andrew Dickson White - Bog

Fiat Money Inflation in France is a book written by Andrew Dickson White, an American historian and diplomat. The book analyzes the economic and political conditions that led to the inflation of the French currency during the French Revolution. White argues that the French government's decision to issue paper money, or fiat currency, without any backing in gold or silver, led to a rapid increase in prices and a devaluation of the currency. The book provides a detailed account of the events that led to the inflation and its consequences, including the rise of the assignat, the government's attempts to control prices, and the eventual collapse of the French economy. White also explores the impact of the inflation on French society, including the effects on the poor and the wealthy, and the political implications of the crisis. Overall, Fiat Money Inflation in France is a seminal work in the history of economics, providing a thorough analysis of one of the most significant economic crises of the modern era.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.