Fiat Money Inflation in France by Andrew Dickson White
page 67 of 91 (73%)
page 67 of 91 (73%)
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previous forty-five thousand millions of _assignats_: the nation in
general, rich and poor alike, was plunged into financial ruin from one end to the other. On the prices charged for articles of ordinary use light is thrown by extracts from a table published in 1795, reduced to American coinage. 1790 1795 For a bushel of flour 40 cents 45 dollars For a bushel of oats 18 cents 10 dollars For a cartload of wood 4 dollars 500 dollars For a bushel of coal 7 cents 2 dollars For a pound of sugar 18 cents 12 1/2 dollars For a pound of soap 18 cents 8 dollars For a pound of candles 18 cents 8 dollars For one cabbage 8 cents 5 1/2 dollars For a pair of shoes 1 dollar 40 dollars For twenty-five eggs 24 cents 5 dollars But these prices about the middle of 1795 were moderate compared with those which were reached before the close of that year and during the year following. Perfectly authentic examples were such as the following: A pound of bread 9 dollars A bushel of potatoes 40 dollars A pound of candles 40 dollars A cartload of wood 250 dollars So much for the poorer people. Typical of those esteemed wealthy may |
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