1 déc. 1789 - Issuance of the Assignat
Description:
- French currency 1789 - 1796- The increasing deployment of assignat caused inflation
- To pay immediate debts the National Assembly issued the assignat as a loan bearing 5% interest
- The initial effect was positive promoting economic growth
- Fear that the currency would be worthless caused the assignat to fall
Ajouté au bande de temps:
Date:
1 déc. 1789
Maintenaint
~ Il y a 236 ans