1796 ⟶ Assignats Devalued and Withdrawn from Circulation

February 19: The government stops issuing assignats, which h...
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1789
1795
1796

💰 Assignats Introduced as Currency

December 19: Introduction of the assignat, a form of currency based not on silver, but on the value of the property of the Church confiscated by the State.⟶
currencyassignatsFrench Revolutioneconomic policyconfiscationchurch propertyfinancial crisispaper moneyinflationrevolutionary finance

📉 Assignat Plummets, Crippling French Finances

October 23: The assignat falls to just three percent of its nominal value. Twenty billion (20,000,000,000) notes in circulation.⟶
AssignatCurrencyInflationEconomic CrisisFrench FinancesFinancial CollapseRevolutionary GovernmentDirectoryMonetary PolicyPaper Money

📉 Assignats Devalued and Withdrawn from Circulation

February 19: The government stops issuing assignats, which have lost most of their value. Thirty-nine billion (39,000,000,000) are in circulation.⟶
French RevolutionAssignatsCurrencyInflationEconomic CrisisFinancial PolicyGovernment DebtMonetary PolicyEconomic InstabilityBankruptcy