Fiat Money Inflation in France: How a first world nation destroyed its economy and led to the rise of Napoleon Bonaparte - Softcover

Andrew Dickson White

Softcover

ISBN 10: 8792295037 ISBN 13: 9788792295033

Publisher: Ad Publishing, 2008

Synopsis

Early in the year 1789 the French nation found itself in deep financial embarrassment; and this was speedily followed by calls for an issue of paper money. By August 1, 1795, some six years later, the gold 25 francs coin was worth in paper, 920 francs; on September 1st, 1,200 francs; on November 1st, 2,600 francs; on December 1st, 3,050 francs. In February, 1796, it was worth 7,200 francs or one franc in gold was worth 288 francs in paper. Prices of all commodities went up nearly in proportion. This story, of how a first world nation turned to paper money and destroyed itself, its people and its economy in the process, even arguably setting in motion the rise to power of Napoleon Bonaparte, is told in this book by Andrew Dickson White, academic, ambassador and author. As ever, history remains our best guide of what the future holds, and, considering our Fiat money system today, sounds a warning call that should be heeded.

About this title

About the Author

Andrew Dickson White (1832-1918) did more than any other American to impress upon late nineteenth- and twentieth century thought the idea that science and religion are enemies locked in combat on an almost military scale. In 1849, he entered Geneva College and later enrolled in Yale. After graduating, White joined the University of Michigan as a lecturer in history. He returned to New York and won election to the state senate. Finally, White went on to become the first president and cofounder of Cornell University. He also is the author of books, including Seven Great Statesmen in the Warfare of Humanity with Unreason and a 1906 autobiography.

Edition details

• Publisher: Ad Publishing
• Publication date: 2008
• Language: English
• ISBN 10: 8792295037
• ISBN 13: 9788792295033
• Binding: Paperback
• Number of pages: 112