Untitled Document
Coins & bullion since 1973
 

1-800-869-5115

Fiat Money Inflation in France

by Andrew Dickson White
(1914)

 

FOREWORD
Bank of New York
(1934)

THE BANK OF NEW YORK AND TRUST COMPANY, which celebrates its one-hundred and fiftieth anniversary in March, 1934, considers it a privilege to be able to distribute some copies of this scholarly article of the late Andrew D. White. The article emphasizes the fact that the use of fiat money in France was in its beginning a sincere effort on the part of intelligent members of the National Assembly to stem the tide of misery and wretchedness which had brought about the Revolution in 1789. But the article also shows clearly that once started on a small scale, it became utterly impossible to control the currency inflation and that after some slight indications of improvement in conditions, the situation went from bad to worse. In the long run, those most injured were the people whom it was most desired to help--the laborer, the wage earner and those whose incomes from previous savings were smallest.

Andrew D. White had a long and distinguished career as educator, historian, economist and diplomat; his description of the events in France that followed the experiment with fiat money is intensely interesting and well worth the attention of every thinking person in the United States of 1933.

(2)

Return to the The Gilded Opinion Index Page

 

 

USAGOLD sider, what we have to offer

The 'Who, What, When, Where, Why and How' of Gold Investment

A six-part online seminar on protecting and building your wealth through precious metals ownership
Each day for the next six days, you will receive one in-depth installment in our series specially focused on the needs of first-time investors .Put our nearly half-century of gold market experience to work for you. [MORE]

This is the most comprehensive crash course on gold investing you will find.
Free seminar!
Includes a one-time get acquainted special offer.

 JsCharts
 

ORDER DESK
Great prices. Quick delivery. All the time.
Modern gold and silver bullion coins
Historic fractional gold coins (bullion-related)
Historic U.S. gold coins


_______________________________________________________

Visit our Online Order Desk
Live Prices
Order Anytime
American Eagle
$1,277.49

Volume discounts available. Please call.

–––––––––––––––––––––––––––––––––––––––––––––––––––––––

Your questions are welcome!
1-800-869-5115
Extension #100

8:00 am to 7:00 pm MT weekdays

Prefer e-mail to get started?
orderdesk@usagold.com


bbb
5-stars
Better Business Bureau
A+ 5-Star Rating

Since 1991 / Zero Complaints / See Reviews

American Numismatic Association since 1975 Industry Council for Tangible Assets since 1985


TOP GOLD NEWS AND OPINION
Join us for our live daily newsletter
on the gold market.

LATEST POSTS

Rated by Commodity HQ one of the top ten gold blogs on the internet!

One of the most respected
and
widely-followed gold market reports on the world wide web


Daily Market Report
Twice daily round-up of factors affecting the price of gold

Chart of the Day / Quote of the Day / Live London Gold News Wire



NEWS & VIEWS
Forecasts, Commentary & Analysis on the Economy and Precious Metals

An in-depth, web-based client letter with a distinctively old-school feel.

FREE SUBSCRIPTION!