"Fiat Money Inflation in France: How it Came, What it Brought, and How it Ended" by Andrew Dickson White is a historical analysis of the French Revolution's disastrous flirtation with fiat currency. The book, based on a collection of primary documents, recounts the political and financial turmoil that led to the implementation of paper money as a supposed solution to France's economic problems. It highlights the warnings of figures such as Finance Minister Necker, but also reveals the seductive appeal of easy money that ultimately convinced revolutionary leaders to introduce irredeemable currency, setting the stage for economic ruin and societal upheaval. The book presents paper money as a superficially attractive but deeply flawed remedy, foreshadowing the severe consequences that would soon engulf the nation.
Fiat Money Inflation in France: How it Came, What it Brought, and How it Ended
By Andrew Dickson White
Discover how a nation's revolutionary dream turned into an economic nightmare when leaders embraced the illusion of limitless wealth through paper money.
Summary
About the AuthorAndrew Dickson White was an American historian and educator who co-founded Cornell University, one of eight Ivy League universities in the United States, and served as its first president for nearly two decades. He was known for expanding the scope of college curricula. A politician, he had served as New York state senator and was later appointed as U.S. ambassador to Germany and Russia.
Andrew Dickson White was an American historian and educator who co-founded Cornell University, one of eight Ivy League universities in the United States, and served as its first president for nearly two decades. He was known for expanding the scope of college curricula. A politician, he had served as New York state senator and was later appointed as U.S. ambassador to Germany and Russia.
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