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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] |
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] |
Jacques Necker
Jacques Necker (; 30 September 1732 – 9 April 1804) was a Genevan banker and statesman who served as finance minister for Louis XVI. He was a reformer, but his innovations sometimes caused great discontent. Necker was a constitutional monarchist, a political economist, and a moralist, who wrote a severe critique of the new principle of equality before the law. Necker held the finance post between July 1777 and 1781, being "remembered today for taking the unprecedented step in 1781 of making public the country's budget, a novelty in an absolute monarchy where the state of finances had always been kept a secret." Necker was dismissed within a few months. By 1788, the inexorable compounding of interest on the national debt brought France to a fiscal crisis. Necker was recalled to royal service. His dismissal on 11 July 1789 was a factor in causing the Storming of the Bastille. Within two days, Necker was recalled by the king and the assembly. Necker entered France in triumph and ... [...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] |
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] |
Honoré Gabriel Riqueti, Comte De Mirabeau
Honoré Gabriel Riqueti, Count of Mirabeau (; 9 March 17492 April 1791) was a leader of the early stages of the French Revolution. A noble, he had been involved in numerous scandals before the start of the Revolution in 1789 that had left his reputation in ruins. Nonetheless, he rose to the top of the French political hierarchy in the years 1789–1791 and acquired the reputation of a voice of the people. A successful orator, he was the leader of the moderate position among revolutionaries by favoring a constitutional monarchy built on the model of Great Britain. When he died (of natural causes), he was a great national hero, even though support for his moderate position was slipping away. The later discovery that he was in the pay of King Louis XVI and the Austrian enemies of France beginning in 1790 brought him into posthumous disgrace. Historians are deeply split on whether he was a great leader who almost saved the nation from the Terror, a venal demagogue lacking political ... [...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] |
Fiat Currency
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] |
Bond (finance)
In finance, a bond is a type of security under which the issuer ( debtor) owes the holder ( creditor) a debt, and is obliged – depending on the terms – to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and stocks are both securities, but the major difference between the two is that (capital) stockholders have an equity stake in a company (i.e. they are owners), whereas bondholders have a creditor stake in a company (i.e. they are lenders). As creditors, bondholders have priority over stockholders. This means they will be repaid in advance of stockholders, but will rank behind s ... [...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] |
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