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Assignat De 15 Sols
An assignat () was a monetary instrument, an order to pay, used during the time of the French Revolution, and the French Revolutionary Wars. France Assignats were paper money (fiat currency) issued by the National Constituent Assembly (France), Constituent Assembly in France from 1789 to 1796, during the French Revolution, to address imminent bankruptcy. They were backed by the value of properties now held by the nation; those of the crown taken over on 7th October, and those of the Catholic Church, which were confiscated, on the motion of Honoré Gabriel Riqueti, Comte de Mirabeau, Mirabeau, by the Assembly on 2 November 1789. Credit was wrecked, according to Talleyrand; for Mirabeau "the deficit was the treasure of the nation". In September the treasury was empty. Talleyrand, Charles Maurice de Talleyrand-Périgord proposed "national goods" should be given back to the nation. Jacques Necker, Necker proposed to borrow from "Caisse d'Escompte", but his intention to change the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Revolution
The French Revolution ( ) was a period of radical political and societal change in France that began with the Estates General of 1789 and ended with the formation of the French Consulate in November 1799. Many of its ideas are considered fundamental principles of liberal democracy, while phrases like ''liberté, égalité, fraternité'' reappeared in other revolts, such as the 1917 Russian Revolution, and inspired campaigns for the abolition of slavery and universal suffrage. The values and institutions it created dominate French politics to this day. Its causes are generally agreed to be a combination of social, political and economic factors, which the ''Ancien Régime'' proved unable to manage. In May 1789, widespread social distress led to the convocation of the Estates General, which was converted into a National Assembly in June. Continuing unrest culminated in the Storming of the Bastille on 14 July, which led to a series of radical measures by the Assembly, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Face Value
The face value, sometimes called nominal value, is the value of a coin, bond, stamp or paper money as printed on the coin, stamp or bill itself by the issuing authority. The face value of coins, stamps, or bill is usually its legal value. However, their market value need not bear any relationship to the face value. For example, some rare coins or stamps may be traded at prices considerably above their face value. Coins may also have a salvage value due to more or less valuable metals that they contain. Overview The face value of bonds usually represents the principal or redemption value. Interest payments are expressed as a percentage of face value. Before maturity, the actual value of a bond may be greater or less than face value, depending on the interest rate payable and the perceived risk of default. As bonds approach maturity, actual value approaches face value. In the case of stock certificates, face value is the par value of the stock. In the case of common stock, p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stockjobbing
Stockjobbers were institutions that acted as market makers in the London Stock Exchange. The business of stockjobbing emerged in the 1690s during England's Financial Revolution. During the 18th century the jobbers attracted numerous critiques from Thomas Mortimer, Daniel Defoe and others. These writers denounced the use of market manipulation and front running and regarded it as unethical that the jobbers made money without any interest in the stocks involved. The business survived repeated legislation to ban it and became institutionalised. Prior to the "Big Bang" deregulation of 1986, every stock traded on the Exchange passed through a 'jobber's book', that is, they acted as the ultimate purchasers of shares sold and the source of shares purchased, by stockbrokers on behalf of the latters' clients. Stockbrokers in turn were not permitted to be market makers. In the final years of stockjobbing, the leading firms were Akroyd & Smithers, Wedd Durlacher, Pinchin Denny, Smith Broth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
François-Xavier-Marc-Antoine De Montesquiou-Fézensac
Abbé François-Xavier-Marc-Antoine de Montesquiou-Fézensac (château de Marsan, Gers, 3 August 1757 – Chateau de Cirey, Haute-Marne, 4 February 1832) was a French clergyman and politician. Biography He was a member of a very old French nobility family from Gascony. His kinsman Anne-Pierre, marquis de Montesquiou-Fézensac would serve alongside him in the National Assembly. Montesquiou-Fézensac was named (1782) Abbé of Beaulieu, near Langres. The Abbé de Montesquieu attended the Assembly of the French clergy (1785) as Agent-General. French Revolution The Abbé was elected by the First Estate of Paris to the Estates General of 1789. He would stand out alongside the Abbé Maury by his oratory, and was elected president of the National Assembly three times. He presided over the Assembly an impressive three terms (4–18 January 1790; 28 February - 15 March 1790; 14–30 March 1791). He opposed strongly the Civil Constitution of the Clergy and supported the monarchy. He was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comte De Mirabeau
''Comte'' is the French, Catalan and Occitan form of the word 'count' (Latin: ''comes''); ''comté'' is the Gallo-Romance form of the word 'county' (Latin: ''comitatus''). Comte or Comté may refer to: * A count in French, from Latin ''comes'' * A county in France, that is, the territory ruled by a count * La Comté, a commune in the Pas-de-Calais département of France * Comté cheese, a French cheese from Franche-Comté People with the surname * Alfred Comte (1895–1965), Swiss aviation pioneer * Auguste Comte (1798–1857), French philosopher * Charles Comte (1782–1837), French lawyer, journalist and political writer * Claudine le Comte (born 1950), Belgian fencer * Fabienne Comte, French statistician * Fernando Compte (1930–2013), founder and first president of the International Sambo Federation * Ferran Soriano i Compte (born 1967), Spanish CEO of various football clubs, including Manchester City F.C. * Harry Comte (1909—1945), Australian rules footballer * Louis Comte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treasury Bills
United States Treasury securities, also called Treasuries or Treasurys, are government debt instruments issued by the United States Department of the Treasury to finance government spending as an alternative to taxation. Since 2012, U.S. government debt has been managed by the Bureau of the Fiscal Service, succeeding the Bureau of the Public Debt. There are four types of marketable Treasury securities: Treasury bills, Treasury notes, Treasury bonds, and Treasury Inflation Protected Securities (TIPS). The government sells these securities in auctions conducted by the Federal Reserve Bank of New York, after which they can be traded in secondary markets. Non-marketable securities include savings bonds, issued to the public and transferable only as gifts; the State and Local Government Series (SLGS), purchaseable only with the proceeds of state and municipal bond sales; and the Government Account Series, purchased by units of the federal government. Treasury securities are bac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pierre Samuel Du Pont De Nemours
Pierre Samuel du Pont de Nemours ( or ; ; 14 December 1739 – 7 August 1817) was a French-American writer, economist, publisher and government official. During the French Revolution, he, his two sons and their families immigrated to the United States. His son Éleuthère Irénée du Pont was the founder of E. I. du Pont de Nemours and Company. He was the patriarch and progenitor of one of the United States's most successful and wealthiest business dynasties of the 19th and 20th centuries. Early life and family Pierre du Pont was born on December 14, 1739, the son of Samuel du Pont and Anne Alexandrine de Montchanin. His father was a watchmaker and French Protestant, or Huguenot. His mother was a descendant of an impoverished minor noble family from Burgundy. Du Pont married Nicole-Charlotte Marie-Louise le Dée de Rencourt in 1766, also of a minor noble family. They had three sons: Victor Marie (1767–1827), a manufacturer and politician; Paul François (December 17 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Condorcet
Marie Jean Antoine Nicolas de Caritat, Marquis of Condorcet (; 17 September 1743 – 29 March 1794), known as Nicolas de Condorcet, was a French philosopher and mathematician. His ideas, including support for a liberal economy, free and equal public instruction, constitutional government, and equal rights for women and people of all races, have been said to embody the ideals of the Age of Enlightenment, of which he has been called the "last witness," and Enlightenment rationalism. He died in prison after a period of hiding from the French Revolutionary authorities. Early years Condorcet was born in Ribemont (in present-day Aisne), descended from the ancient family of Caritat, who took their title from the town of Condorcet in Dauphiné, of which they were long-time residents. Fatherless at a young age, he was taken care of by his devoutly religious mother who dressed him as a girl till age eight. He was educated at the Jesuit College in Reims and at the ''Collège de Navarre'' i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Armand-Gaston Camus
Armand-Gaston Camus (2 April 17402 November 1804), French revolutionist, was a successful lawyer and advocate before the French Revolution. He was the son of Pierre Camus, a lawyer in the Parlement of Paris. Camus is considered the founder of the Archives Nationales, as in 1789 he was appointed as archivist of its predecessor, the Commission des archives of the Assembly ( Estates-General). He served in this role until his death. French Revolution In 1789 Camus was elected by the Third Estate of Paris to the Estates-General; he attracted attention by his speeches against social inequalities. He was one of the National Assembly's earliest presidents (28 October11 November 1789), and he was the most frequent speaker: no one addressed the Assembly more times than he did (more than 600 times); d'André is second at 497, and le Chapelier third at 447. Camus was so frequently called upon to speak mostly because of his expertise in canon law. Camus was appointed on 14 August 1789 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Law (economist)
John Law (pronounced in French in the traditional approximation of ''Laws'', the colloquial Scottish form of the name; 21 April 1671 – 21 March 1729) was a Scottish economist who distinguished money, a means of Financial transaction, exchange, from national wealth dependent on trade. He served as Controller General of Finances under the Philippe II, Duke of Orléans, Duke of Orleans, who was regent for the juvenile Louis XV of France. In 1716, Law set up a private Banque Générale in France. A year later it was nationalised at his request and renamed as Banque Royale. The private bank had been funded mainly by John Law and Louis XV; three-quarters of its capital (economics), capital consisted of government bills and government-accepted notes, effectively making it the nation's first central bank. Backed only partially by silver, it was a Fractional-reserve banking, fractional reserve bank. Law also set up and directed the Mississippi Scheme, Mississippi Company, funded by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Surety
In finance, a surety , surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the ''obligee'') a certain amount if a second party (the ''principal'') fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation. The person or company providing the promise is also known as a "surety" or as a "guarantor". Overview A surety bond is defined as a contract among at least three parties: * the ''obligee'': the party who is the recipient of an obligation * the ''principal'': the primary party who will perform the contractual obligation * the ''surety'': who assures the obligee that the principal can perform the task European surety bonds can be issued by banks and surety companies. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Étienne Clavière
Étienne Clavière (29 January 17358 December 1793) was a Genevan-born French financier and politician of the French Revolution. He was French Minister of Finance between 24 March and 12 June 1792, and between 10 August 1792 and 2 June 1793. Geneva and London A native of Geneva, Clavière became one of the democratic leaders of the Geneva Revolution of 1782. After its failure, he went into exile, becoming a financier in Paris in 1784. His brother moved to Brussels. Clavière associated with personalities from Neuchâtel and Geneva, among them Jean-Paul Marat Jean-Paul Marat (; born Mara; 24 May 1743 – 13 July 1793) was a French political theorist, physician, and scientist. A journalist and politician during the French Revolution, he was a vigorous defender of the ''sans-culottes'', a radical ... and Pierre Étienne Louis Dumont, Étienne Dumont. Their plans for a ''new Geneva'' in Ireland—which the government of William Pitt the Younger favoured—were given up ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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