Fiat Money Inflation in France by Andrew Dickson White
page 89 of 91 (97%)
page 89 of 91 (97%)
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1799, and for the sum of 100 _livres_, see Dewarmin, vol. i, p. 204.
[81] For similar expectation of a "shock," which did not occur, at the resumption of specie payments in Massachusetts, see Sumner, "History of American Currency," p. 34. [82] See Thiers. [83] See Levasseur, vol. i, p. 246. [84] For examples of similar effects in Russia, Austria and Denmark, see Storch, "Economie Politique," vol. iv; for similar effects in the United States, see Gouge, "Paper Money and Banking in the United States," also Summer, "History of American Currency." For working out of the same principles in England, depicted in a masterly way, see Macaulay, "History of England," chap. xxi; and for curious exhibition of the same causes producing same results in ancient Greece, see a curious quotation by Macaulay in same chapter. [85] For parallel cases in the early history of our own country, see Sumner, p. 21, and elsewhere. [86] For a review of some of these attempts, with eloquent statement of their evil results, see "Mémoires de Durand de Maillane," pp. 166-169. [87] For similar effect of inflated currency in enervating and undermining trade, husbandry, manufactures and morals in our own country, see Daniel Webster, cited in Sumner, pp. 45-50. For similar effects in other countries, see Senior, Storch, Macaulay and others |
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