1 dic 1789 anni - Issuance of the Assignat

Descrizione:

- 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

Aggiunto al nastro di tempo:

Data: