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REVOLUTIONARY ASSIGNAT
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REVOLUTIONARY ASSIGNAT
FRANCE A French assignat of the Revolutionary era
Mary Evans Picture Library makes available wonderful images created for people to enjoy over the centuries
Media ID 23062792
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Bank Money Notes Revolutionary Assignat
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EDITORS COMMENTS
1. Title: A Symbol of Revolution and Economic Change: The French Assignat The French Assignat, depicted in this print from the revolutionary era, represents a significant chapter in the economic and political history of France. Issued during the French Revolution between 1789 and 1796, these paper notes were the first attempts to create a national currency in France, replacing the traditional gold and silver coins. The assignats were assigned to the holders of the national debt, who received them in exchange for their bonds. The value of these notes was based on the estimated worth of the lands of the Church and the seized properties of the nobility. The intention was to stimulate the economy by increasing the money supply and making credit more accessible to the common people. However, the value of the assignats was not stable due to the economic instability of the time, and the printing of excessive amounts of paper money led to rampant inflation. The devaluation of the assignats caused widespread economic hardship, contributing to the social unrest and turmoil that characterized the latter stages of the French Revolution. Despite their shortcomings, the French assignats remain an essential part of the historical narrative of the French Revolution. They symbolize the revolutionary spirit of the time, as well as the challenges and complexities of implementing economic reforms during a period of political upheaval. This evocative print serves as a reminder of the intricate relationship between money, trade, and the broader socio-political context of a nation. It invites us to reflect on the enduring impact of the French Revolution on the modern world and the lessons we can learn from its successes and failures.
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