Fiat Money Inflation in France - Andrew Dickson White - Książki - Createspace Independent Publishing Platf - 9781545061169 - 21 kwietnia 2017
W przypadku, gdy okładka i tytuł się nie zgadzają, tytuł jest poprawny

Fiat Money Inflation in France

Andrew Dickson White

Fiat Money Inflation in France

Notwithstanding the fact that the paper currency issued was the direct obligation of the State, that much of it was interest bearing, and that all of it was secured upon the finest real estate in France, and that penalties in the way of fines, imprisonments and death were enacted from time to time to maintain its circulation at fixed values, there was a steady depreciation in value until it reached zero point and culminated in repudiation. The aggregate of the issues amounted to no less than the enormous and unthinkable sum of $9,500,000,000, and in the middle of 1797 when public repudiation took place, there was no less than $4,200,000,000 in face value of assignats and mandats outstanding; the loss, as always, falling mostly upon the poor and the ignorant. In the attempt to maintain fixed values for the paper currency the Government became involved in an equally futile attempt to maintain a tariff of legal prices for commodities. Here again penalties of fines, of imprisonments and of death were powerless to accomplish the end in view.

Media Książki     Paperback Book   (Książka z miękką okładką i klejonym grzbietem)
Wydane 21 kwietnia 2017
ISBN13 9781545061169
Wydawcy Createspace Independent Publishing Platf
Strony 76
Wymiary 152 × 229 × 4 mm   ·   113 g
Język English  

Pokaż wszystko

Więcej od Andrew Dickson White

Więcej z tej serii