Fiat Money Inflation in France
Fiat Money Inflation in France is written by Andrew Dickson White about How It Came, What It Brought, and How It Ended. Andrew White was a diplomat, scholar and author. He is best known for founding Cornell University. This work begins by discussion France in 1789 when France was having financial problems. The book describes the currency making experiment conducted by the French revolutionary government.
Early in the year 1789 the French nation found itself in deep financial embarrassment: there was a heavy debt and a serious deficit. The vast reforms of that period, though a lasting blessing politically, were a temporary evil financially. There was a general want of confidence in business circles; capital had shown its proverbial timidity by retiring out of sight as far as possible; throughout the land was stagnation.
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