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An assignat was a monetary instrument, an order to pay, used during the time of the French Revolution, and the French Revolutionary Wars. France [ edit ] Assignat from the 1792 issue: 400 livres
Jul 22, 2022 · The Assignat was a paper bill issued by France between 1789 and 1796, during the French Revolution (1789-1799). First issued in the form of bonds, the assignat was meant to stimulate France's economy as a quick means to pay off national debt. Yet, assignats soon devolved into a paper currency, the mass production of which led to inflation and ...
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assignat, paper bill issued in France as currency from 1789 to 1796, during the French Revolution. A financial expedient on the part of the Revolutionary government, the increasing issuance of the assignats resulted in inflation. In December 1789, to pay its immediate debts, the National Assembly issued the assignat as a bond bearing 5 percent ...
- The Editors of Encyclopaedia Britannica
The assignat was a paper bill issued by France between 1789 and 1796, during the French Revolution (1789-1799). First issued in the form of bonds, the assignat was meant to stimulate France's economy as a quick means to pay off national debt.
- Writer
These moves, designed to protect state finances, caused assignat value to plummet further because the issuing body of the assignats refused to accept them at face value. In response, the Directory issued more assignats. Eventually, a ceiling of 40,000 million livres was declared and the assignat plates were destroyed publicly on February 18, 1796.
assignats. assignats (ăs´Ĭgnăts, äsēnyä´), paper currency issued during the French Revolution. To redeem the huge public debt and to counterbalance the growing deficit, the revolutionary constituent assembly issued (Dec., 1789) treasury notes, called assignats, to the amount of 400 million livres at 5% interest.
Apr 28, 2023 · The assignat was a form of French currency introduced in 1789 during the French Revolution. It was issued in livre increments, the standard unit of French currency since the 14th century.
