Seventeen Talks On the Banking Question
Seventeen Talks On the Banking Question
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In our eReader you can find the full English version of the book. Read Seventeen Talks On the Banking Question Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Seventeen Talks On the Banking Question
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Notwithstanding tiiese precautions, the value of the Assignats still declined, till the proportion of specie had become that of sixty to one. Then came the passing, by the convention, on May 3, 1793, of the absurd maximum. The decree required all farmers and com dealers to declare the quantity of com in their possession and to sell it only in recognized mar- kets. No person was to be allowed to lay in more than one month's supply, a maximum price was fixed above Digitized by Google 140 SEVENTH ...NIGHT which no one wds to buy or sell under severe penalties.
These measures were soon stultified by further issues and by June, 1794, the total number of issued Assignats aggregated nearly eight billion francs ($1,600,000,000), of which only two billion four hundred and sixty-four million francs had returned to the Treasury to be de- stroyed. The extension of the maximum price to all commodities only increased the confusion. Trade was completely paralyzed and all manufacturing establish- ments were closed down.
What to read after Seventeen Talks On the Banking Question?
You can find similar books in the "Read Also" column, or choose other free books by Charles N Charles Newell Fowler to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Notwithstanding tiiese precautions, the value of the Assignats still declined, till the proportion of specie had become that of sixty to one. Then came the passing, by the convention, on May 3, 1793, of the absurd maximum. The decree required all farmers and com dealers to declare the quantity of com in their possession and to sell it only in recognized mar- kets. No person was to be allowed to lay in more than one month's supply, a maximum price was fixed above Digitized by Google 140 SEVENTH ...NIGHT which no one wds to buy or sell under severe penalties.
These measures were soon stultified by further issues and by June, 1794, the total number of issued Assignats aggregated nearly eight billion francs ($1,600,000,000), of which only two billion four hundred and sixty-four million francs had returned to the Treasury to be de- stroyed. The extension of the maximum price to all commodities only increased the confusion. Trade was completely paralyzed and all manufacturing establish- ments were closed down.
What to read after Seventeen Talks On the Banking Question?
You can find similar books in the "Read Also" column, or choose other free books by Charles N Charles Newell Fowler to read onlineMoreLess
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