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 41: Von Sybel, vol. i, pp. 509, 510, 515; also Villeneuve
Bargemont, "Histoire de l'Economie Politique," vol. ii, p. 213.]
[Footnote 42: As to the purchasing power of money at that time, see
Arthur Young, "Travels in France during the Years 1787, 1788 and 1789."
For notices of the small currency with examples of satirical verses
written regarding it, see Challamel, "Les français sous la
Révolution," pp. 307, 308. See also Mercier, "Le Nouveau Paris,"
edition of 1800, chapter ccv., entitled "Parchemin Monnaie." A series of
these petty notes will be found in the White collection of the Cornell
University Library. They are very dirty and much worn, but being printed
on parchment, remain perfectly legible. For issue of quarter-"_sou_"
pieces see Levasseur, p. 180.]
[Footnote 43: See Levasseur, vol. i, p. 176.]
[Footnote 44: For Chaumette's brilliant display of fictitious reasons
for the decline see Thiers, Shoberl's translation, published by Bentley,
vol. iii, p. 248.]
[Footnote 45: For these fluctuations, see Caron, as above, p. 387.]
[Footnote 46: One of the Forced Loan certificates will be found in the
White Collection in the Library of Cornell University.]
[Footnote 47: For details of these transactions, see Levasseur, as
above, vol. i, chap. 6, pp. 181, et seq. Original specimens of these
notes, bearing the portrait of Louis XVI will be found in the Cornell
University Library (White Collection) and for the whole series perfectly
photographed in the same collection, Dewarmin, "Cent ans de numismatique
française," vol. i, pp. 143-165.]
[Footnote 48: For statements showing the distress and disorder that
forced the Convention to establish the "_Maximum_" see Levasseur, vol.
i, pp. 188-193.]
[Footnote 49: See Levasseur, as above, vol. i, pp. 195-225.]
[Footnote 50: See specimens of these tickets in the White Collection in
the Cornell Library.]
[Footnote 51: For these condemnations to the guillotine see the
officially published trials and also the lists of the condemned, in the
White Collection, also the lists given daily in the "Moniteur." For the
spy system, see Levasseur, vol. i, p. 194.]
[Footnote 52: See Levasseur, as above, vol. i, p. 186. For an argument
to show that the Convention was led into this Draconian legislation, not
by necessity, but by its despotic tendencies, see Von Sybel's "History
of the French Revolution," vol. iii, pp. 11, 12. For general statements
of theories underlying the "_Maximum_," see Thiers; for a very
interesting picture, by an eye-witness, of the absurdities and miseries
it caused, see Mercier, "Nouveau Paris," edition of 1800, chapter XLIV.]
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