Fiat Money Inflation in France: How a First World Nation ...
White, A. D.![Fiat Money Inflation in France: How a First World Nation Destroyed Its Economy and Led to the Rise of Napoleon Bonaparte](https://support.digitalhusky.com/media/annotations/sorted/373/3738838/CHSBZCOP033738838.jpg)
Early in the year 1789 the French nation found itself in deep financial embarrassment, and this was speedily followed by calls for an issue of paper money. By August 1, 1795, some six years later, the gold 25 francs coin was worth in paper, 920 francs, on September 1st, 1, 200 francs, on November 1st, 2, 600 francs, on December 1st, 3, 050 francs. In February, 1796, it was worth 7, 200 francs or one franc in gold was worth 288 francs in paper....