1789 ⟶ Assignats Introduced as Currency
December 19: Introduction of the assignat, a form of currenc...
Year
1789
1792
1796
💰 Assignats Introduced as Currency
💱 Government Issues Massive Assignats for War Funding
April 30: The government issues three hundred million assignats to finance the war.⟶
AssignatsCurrencyWar FinanceInflationFrench RepublicRevolutionary GovernmentEconomic PolicyWar of the First CoalitionDebt
📉 Assignats Devalued and Withdrawn from Circulation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
📉 Mandats territoriaux Issued and Rapidly Devalue
March 18: The Directory replaces the assignat with two billion four hundred million Mandats territoriaux, which can be used to purchase nationalized property. Within three weeks they lose eighty percent of their value.⟶
CurrencyInflationFinancial CrisisDirectoryNationalized PropertyEconomic PolicyAssignatMandats territoriauxFrench Revolution