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FRENCH REVOLUTION MONEY 1793

Description: PRICE PER SINGLE BANK NOTE. Assignat, paper bill issued in France as currency from 1789 to 1796, during the French Revolution. In December 1789, to pay its immediate debts, the National Assembly issued the assignat as a bond bearing 5 percent interest, with the recently nationalized church lands as security. By September 1790 the Assembly made the assignat into a paper currency. The initial effect of the paper currency was beneficial, stimulating economic growth and eliminating a money shortage. But a deep public distrust of paper money and the fear that the currency would be worthless if the uncertain Revolutionary regime collapsed soon caused the assignat to depreciate.The outbreak of war with the other European powers in 1792 caused a further decline in the value of the assignat. In 1796 the assignats were replaced by the mandats territoraux (land warrants) at the rate of one mandat for 30 assignats. The failure of the mandat to gain public confidence forced the Directory to return to a metallic currency (February 4, 1797). Stamped and watermarked. Watermarked. Size: 3.5" x 3" See other items.

Price: 29.99 USD

Location: Kansas City, Missouri

End Time: 2024-08-28T23:08:23.000Z

Shipping Cost: 2.99 USD

Product Images

FRENCH REVOLUTION MONEY 1793FRENCH REVOLUTION MONEY 1793FRENCH REVOLUTION MONEY 1793FRENCH REVOLUTION MONEY 1793FRENCH REVOLUTION MONEY 1793

Item Specifics

Restocking Fee: No

Return shipping will be paid by: Seller

All returns accepted: Returns Accepted

Item must be returned within: 60 Days

Refund will be given as: Money back or replacement (buyer's choice)

Subject: Military & War

Original/Facsimile: Original

Date of Publication: 1793

Language: French

Type: Typescript

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