Free and Discounted Ebooks
Join 130,000 readers! Get our ebook deals straight to your inbox.

The Paper Moneys of Europe

Their Moral and Economic Significance

Cover image for

Download


Published: 1922
Language: English
Wordcount: 7,709 / 31 pg
Flesch-Kincaid Reading Ease: 59.9
LoC Category: CJ
Downloads: 406
Added to site: 2009.07.24
mnybks.net#: 24791
Origin: gutenberg.org
Genre: Non-fiction
Excerpt

icious than that of a private forger. But we have not yet realized, in our minds or in our penal codes, that public vices ought to be punished at least as vigorously as private crimes.

That, even as a desperate last resort for financing war, a flood of paper money defeats its own object was conclusively proved a few years later during the French Revolution. The French assignats "have taken their place in history as the classical example of paper money made worthless by over-issue. After their final collapse in 1796, French finance reverted perforce to a metallic basis." So Mr. Hawtrey, a British Treasury official, who has given us recently a lucid and sufficiently detailed account of this extraordinary incident--extraordinary but no longer singular, for the same course with the same results has been pursued during and since the war of 1914-1918 by Russia and Poland, and in a greater or less degree by most of the European belligerents.

The issue of French assignats began in 1789 because the assem

SUBSCRIBE TO MANYBOOKS 

FREE EBOOKS 

Join 120,000+ fellow readers! Get Free eBooks and book bargains from ManyBooks in your inbox. 

We respect your email privacy

(advanced)
login | register

User ID

Password

reset password

Author of the Day

Kirsten Fullmer
Kirsten Fullmer is an author who bid farewell to her job in the drafting industry and pursued her dream to write novels while traveling with her husband for his job. When she isn't writing, Fullmer loves tinkering with all kinds of crafts, including scrapbooking, cross stitching, crocheting and sewing. As our author of the day, Fullmer chats with us about how she fell in love with the Shabby Chic style, why she picked a small town as the backdrop for her books and talks about her writing habits.
Read full interview...