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

White, A D

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) was a U. S. diplomat, author, and educator, best known as the co-founder of Cornell University. In 1865 he became Cornell's first president and also served as a professor in the Department of History. After 14 years at Cornell, White took leave to serve as Commissioner to Santo Domingo (1871), the first U. S. Minister to Germany (1879-1881), and first president of the American Historical Association (1884-1886). He also served as President of the American delegation to The Hague Peace Conference (1899) and as the first U. S. Ambassador to Germany (1897-1902). In 1869 White gave a lecture on "The Battle-Fields of Science". Over the next 30 years he refined his analysis, expanding his case studies to include nearly every field of science over the entire history of Christianity. The final result was the two-volume History of the Warfare of Science with Theology in Christendom (1896) which became an extremely influential text on the relationship between religion and science. His other works include: Fiat Money Inflation in France (1896) and Autobiography of Andrew Dickson White (2 volumes) (1905).

About this edition

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