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Mandats Territoriaux
Mandats territoriaux were paper bank notes issued as currency by the French Directory in 1796 to replace the assignats which had become virtually worthless. They were land-warrants supposedly redeemable in the lands confiscated from royalty, the clergy and the church after the outbreak of the French Revolution in 1789. In February 1796, 800,000,000 francs of mandats were issued as legal tender to replace the 24,000,000,000 francs of assignats then outstanding. In all about 2,500,000,000 francs of mandats were issued. They were heavily counterfeited and their value depreciated rapidly within six months. In February 1797, they lost their legal tender quality and by May were worth virtually nothing. FRA-A84b-Mandats Territoriaux-100 Francs (1796).jpg, 100 Francs FRA-A86b-Mandats Territoriaux-500 Francs (1796).jpg, 500 Francs Context Throughout most of the French Revolution economic instability fueled by inflation, speculation, and disruption of resources and supplies created incre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Note
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authorities. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This practice of "backing" notes with something of substance is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Directory
The Directory (also called Directorate, ) was the governing five-member committee in the French First Republic from 2 November 1795 until 9 November 1799, when it was overthrown by Napoleon, Napoleon Bonaparte in the Coup of 18 Brumaire and replaced by the French Consulate, Consulate. ''Directoire'' is the name of the final four years of the French Revolution. Mainstream historiography also uses the term in reference to the period from the dissolution of the National Convention on 26 October 1795 (4 Brumaire) to Napoleon's coup d’état. The Directory was continually at war with foreign coalitions, including Kingdom of Great Britain, Britain, Habsburg monarchy, Austria, Kingdom of Prussia, Prussia, the Kingdom of Naples, Russian Empire, Russia and the Ottoman Empire. It annexed Austrian Netherlands, Belgium and the left bank of the Rhine, while Bonaparte conquered a large part of Italy. The Directory established 196 short-lived sister republics in Italy, Old Swiss Confederacy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Assignats
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 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 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. Charles Maurice de Talleyrand-Périgord proposed "national goods" should be given back to the nation. Necker proposed to borrow from "Caisse d'Escompte", but his intention to change the private bank into a national bank like the Bank of England failed. A general bankruptcy seemed certain. On 21 De ... [...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] |
Franc
The franc is any of various units of currency. One franc is typically divided into 100 centimes. The name is said to derive from the Latin inscription ''francorum rex'' (Style of the French sovereign, King of the Franks) used on early France, French coins and until the 18th century, or from the French language, French ''franc'', meaning "frank" (and "free" in certain contexts, such as ''coup franc'', "free kick"). The countries that use francs today include Switzerland, Liechtenstein, and most of Francophone Africa. The Swiss franc is a major world currency today due to the prominence of Switzerland, Swiss Banking in Switzerland, financial institutions. Before the introduction of the euro in 1999, francs were also used in France, Belgium and Luxembourg, while Andorra and Monaco accepted the French franc as legal tender (Monégasque franc). The franc was also used within the French colonial empires, French Empire's colonies, including Algeria and Cambodia. The franc is sometim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Counterfeit
To counterfeit means to imitate something authentic, with the intent to steal, destroy, or replace the original, for use in illegal transactions, or otherwise to deceive individuals into believing that the fake is of equal or greater value than the real thing. Counterfeit products are fakes or unauthorized replicas of the real product. Counterfeit products are often produced with the intent to take advantage of the superior value of the imitated product. The word ''counterfeit'' frequently describes both the forgeries of currency and documents as well as the imitations of items such as clothing, handbags, shoes, pharmaceuticals, automobile parts, unapproved aircraft parts (which have caused many accidents), watches, electronics and electronic parts, software, works of art, toys, and movies. Counterfeit products tend to have fake company logos and brands, which results in patent or trademark infringement in the case of goods. They also have a reputation for being lower quality, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Livre
The livre (abbreviation: £ or ₶., French for (pound)) was the currency of Kingdom of France and its predecessor state of West Francia from 781 to 1794. Several different livres existed, some concurrently. The livre was the name of coins and of units of account. History Origin and etymology The livre was established by Charlemagne as a unit of account equal to one pound of silver. It was subdivided into 20 ''sous'' (also ''sols''), each of 12 '' deniers''. The word ''livre'' came from the Latin word ''libra'', a Roman unit of weight and still the name of a pound in modern French, and the denier comes from the Roman denarius. This system and the denier itself served as the model for many of Europe's currencies, including the British pound, Italian lira, Spanish dinero and the Portuguese dinheiro. This first livre is known as the . Only deniers were initially minted, but debasement led to larger denominations being issued. Different mints in different regions used diff ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Biens Nationaux
The biens nationaux were properties confiscated during the French Revolution from the Catholic Church, the monarchy, émigrés, and suspected counter-revolutionaries for "the good of the nation". ''Biens'' means "goods", both in the sense of "objects" and in the sense of "benefits". ''Nationaux'' means "of the nation". This can be summarized as "things for the good of the nation", or simply "national goods". The possessions of the Roman Catholic Church were declared national property by the decree of November 2, 1789. These were sold to resolve the financial crisis that caused the Revolution. Later, the properties of the Crown were given the same treatment. The concept of national property was later extended to the property of the émigrés, and the suspected counter-revolutionaries, which were confiscated from March 30, 1792, and sold after the decree of July 27. Confiscation of the goods of the clergy A few months into the Revolution, the public purse was all but empty. To am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reign Of Terror
The Reign of Terror (french: link=no, la Terreur) was a period of the French Revolution when, following the creation of the First Republic, a series of massacres and numerous public executions took place in response to revolutionary fervour, anticlerical sentiment, and accusations of treason by the Committee of Public Safety. There is disagreement among historians over when exactly "the Terror" began. Some consider it to have begun only in 1793, giving the date as either 5 September, June or March, when the Revolutionary Tribunal came into existence. Others, however, cite the earlier time of the September Massacres in 1792, or even July 1789, when the first killing of the revolution occurred. The term "Terror" being used to describe the period was introduced by the Thermidorian Reaction who took power after the fall of Maximilien Robespierre in July 1794, to discredit Robespierre and justify their actions. Today there is consensus amongst historians that the exceptional revo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiat Money
Fiat money (from la, fiat, "let it be done") is a type of currency that is not backed by any commodity such as gold or silver. It is typically designated by the issuing government to be legal tender. Throughout history, fiat money was sometimes issued by local banks and other institutions. In modern times, fiat money is generally authorized by government regulation. Fiat money generally does not have intrinsic value and does not have use value. It has value only because the individuals who use it as a unit of account or, in the case of currency, a medium of exchange agree on its value. They trust that it will be accepted by merchants and other people. Fiat money is an alternative to commodity money, which is a currency that has intrinsic value because it contains, for example, a precious metal such as gold or silver which is embedded in the coin. Fiat also differs from representative money, which is money that has intrinsic value because it is backed by and can be converted in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of France
Economic history of France since its late-18th century Revolution was tied to three major events and trends: the Napoleonic Era, the competition with Britain and its other neighbors in regards to 'industrialization', and the 'total wars' of the late-19th and early 20th centuries. Medieval France The collapse of the Roman Empire unlinked the French economy from Europe. Town and city life and trade declined and society became based on the self-sufficient manor. What limited international trade existed in the Merovingian age — primarily in luxury goods such as silk, papyrus, and silver — was carried out by foreign merchants such as the Radhanites. Agricultural output began to increase in the Carolingian age as a result of the arrival of new crops, improvements in agricultural production, and good weather conditions. However, this did not lead to the revival of urban life; in fact, urban activity further declined in the Carolingian era as a result of civil war, Arab raids, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1796 Events Of The French Revolution
Events January–March * January 16 – The first Dutch (and general) elections are held for the National Assembly of the Batavian Republic. (The next Dutch general elections are held in 1888.) * February 1 – The capital of Upper Canada is moved from Newark to York. * February 9 – The Qianlong Emperor of China abdicates at age 84 to make way for his son, the Jiaqing Emperor. * February 15 – French Revolutionary Wars: The Invasion of Ceylon (1795) ends when Johan van Angelbeek, the Batavian governor of Ceylon, surrenders Colombo peacefully to British forces. * February 16 – The Kingdom of Great Britain is granted control of Ceylon by the Dutch. * February 29 – Ratifications of the Jay Treaty between Great Britain and the United States are officially exchanged, bringing it into effect.''Harper's Encyclopaedia of United States History from 458 A. D. to 1909'', ed. by Benson John Lossing and, Woodrow Wilson (Harper & Brothers, 1910) p171 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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