The assigned ones of the French Revolution

First assigned

An extraordinary emission was decided then of assigned, that is state obligations that rendered 5%, guaranteed by the properties ecclesiastics confiscated and turned, the bad currency expels the good one, in the course of few years the silver currencies and gold almost had disappeared because they were tesaurizadas or exported. The change deficiency also caused an ample fiduciary ticket circulation emitted by private banks, municipalities and retailers, a phenomenon similar to which was registered in Italy at the end of the Seventies of this century, when the country was invaded by mini-assegni. In revolutionary France, in addition to the mentioned ones many assigned false also circulated, since it were enough easy to imitate them. The young republic not yet could to reorganize the production, and great part of foods had to be rationed: it was clear that the whole revolution depended on the capacity of the economy, reason why great confrontations began in government revolutionary, with regard to the measures that were to take themselves. In any case, Robespierre guaranteed the public order by means of iron laws. It tried to restrain the inflation caused by the enormous emissions of tickets, being imposed an official price to the goods of first necessity. The guillotine acted against any suspect of being enemy of the revolution: this one is the bloodthirsty period known like Terror. Meanwhile, the fear of which the revolutionary principles of freedom and equality could propagate to the other States, induced to great part of the European monarchs to coaligar itself against France. In order to defend the borders, Robespierre decreed the general mobilization, managing to organize an enormous army to the control of general Carnot, that to the end gain the victory. But France was cansaaa of the long period of ferocious dictatorship. To the fall of Robespierre, the moderate forces tried to give a little breathing to the population, abolishing the restrictions in economic matter, but of it was born a called regime @de the corruption ". assigned emissions of were started again to febrile rate, in as much the guarantee represented by the national goods was already purely theoretical.

Of assigned to mandates

In 1796, in the culminating point of the inflation, a mass of 45,000 assigned million circulated of that were not worth practically anything. Many they used to pay them the taxes, since the emitter could not reject them, but in August of 1796, assigning of 1,000 pounds was worth in reality only 10 pays, exactly 2,000 times less than their nominal value, Others were able to acquire confiscated national goods to the clergy, because also for these transactions the payment in still assigned was accepted officially. When the situation became to all lights untenable, the government no longer could accept his paper money by the nominal value, and tried to replace it by the