Fiat Money Inflation in France: How it Came, What it Brought, and How it EndedWhite, Andrew Dickson
History
Fiat Money Inflation in France: How it Came, What it Brought, and How it Ended
White, Andrew Dickson
Assignats; Inflation (Finance) -- France -- History
[Footnote 6: For striking pictures of this feeling among the younger
generation of Frenchmen, see Challamel, "Sur la Révolution," p. 305.
For general history of John Law's paper money, see Henri Martin,
"Histoire de France"; also Blanqui, "Histoire de l'économie politique,"
vol. ii, pp. 65-87; also Senior on "Paper Money," sec. iii, Pt. I, also
Thiers, "Histoire de Law"; also Levasseur, op. cit. Liv. i., chap. VI.
Several specimens of John Law's paper currency are to be found in the
White Collection in the Library of Cornell University,--some, numbered
with enormous figures.]
[Footnote 7: See Buchez and Roux, "Histoire Parlementaire," vol. v, p.
321, et seq. For an argument to prove that the _assignats_ were, after
all, not so well secured as John Law's money, see Storch, "Economie
Politique," vol. iv, p. 160.]
[Footnote 8: For specimens of this first issue and of nearly every other
issue during the French Revolution, see the extensive collection of
originals in the Cornell University Library. For a virtually complete
collection of photographic copies, see Dewamin, "Cent ans de
numismatique française," vol. i, passim.]
[Footnote 9: See "Addresse de l'Assemblée nationals sur lea emissions
_d'assignats_ monnaies," p. 5.]
[Footnote 10: Ibid., p. 10.]
[Footnote 11: For Sarot, see "Lettre de M. Sarot," Paris, April 19,
1790. As to the sermon referred to see Levasseur as above, vol. i, p.
136.]
[Footnote 12: Von Sybel, "History of the French Revolution," vol. i, p.
252; also Levasseur, as above, pp. 137 and following.]
[Footnote 13: For Mirabeau's real opinion on irredeemable paper, see his
letter to Cerutti, in a leading article of the "Moniteur"; also
"Mèmoires do Mirabeau," vol. vii, pp. 23, 24 and elsewhere. For his
pungent remarks above quoted, see Levasseur, ibid., vol. i, p. 118.]
[Footnote 14: See "Moniteur," August 27, 1790.]
[Footnote 15: "Moniteur," August 28, 1790; also Levasseur, as above, pp.
139 _et seq_.]
[Footnote 16: "Par une seule opération, grande, simple, magnifique."
See "Moniteur." The whole sounds curiously like the proposals of the
"Greenbackers," regarding the American debt, some years since.]
[Footnote 17: "Moniteur," August 29, 1790.]
[Footnote 18: See Lacretelle, "18me Siécle," vol. viii, pp. 84-87; also
Thiers and Mignet.]
[Footnote 19: See Hatin, Histoire de la Presse en France, vols. v and
vi.]
[Footnote 20: See "Moniteur," Sept. 5, 6 and 20, 1790.]
[Footnote 21: See Levasseur, vol. i, p. 142.]
[Footnote 22: See speech in "Moniteur"; also in Appendix to Thiers'
"History of the French Revolution."]
[Footnote 23: See Levassear, "Classes ouvrières," etc., vol. i, p.
149.]
[Footnote 24: See Levasseur, pp. 151 et seq. Various examples of these
"confidence bills" are to be seen in the Library of Cornell University.]
[Footnote 25: See Levasseur, vol. i, pp. 155-156.]
[Footnote 26: See Von Sybel, "History of the Revolution," vol. i, p.
265; also Levasseur, as above, vol. i, pp. 152-160.]
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