Publisher's Synopsis
""Fiat Money Inflation In France"" is a historical book written by Andrew Dickson White. It discusses the economic crisis that occurred in France during the 18th century due to the overprinting of paper money. The book provides a detailed analysis of the events that led to the inflation and the subsequent economic collapse that followed. It also explores the political and social implications of the crisis, including the impact on the French Revolution. The author draws parallels between the French crisis and other instances of fiat money inflation throughout history. White's work is considered a classic in the field of monetary economics and is a must-read for anyone interested in the history of currency and its impact on society.The question will naturally be asked, On whom did this vast depreciation mainly fall at last? When this currency had sunk to about one three-hundredth part of its nominal value and, after that, to nothing, in whose hands was the bulk of it? The answer is simple. I shall give it in the exact words of that thoughtful historian from whom I have already quoted: ""Before the end of the year 1795 the paper money was almost exclusively in the hands of the working classes, employees and men of small means, whose property was not large enough to invest in stores of goods or national lands.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
