Fiat Money Inflation in France, How It Came, What It Brought, And How It Ended
1933
First Published
4.18
Average Rating
94
Number of Pages
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.
Avg Rating
4.18
Number of Ratings
219
5 STARS
45%
4 STARS
33%
3 STARS
18%
2 STARS
4%
1 STARS
0%
goodreads
