Deprecjacja francuskich asygnat w latach 1789–1796
The work examines the problem of depreciation of French assignats in the years 1789–1796. In the studied period, the value of assignats changed, and their exchange rate underwent both depreciation and appreciation. By February 19, 1796, when assignat printing presses, stamps, and matrices were publi...
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| Format: | Online |
| Language: | Polish |
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Wydawnictwo Uniwersytetu Łódzkiego
2026
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| Online Access: | ONIX_20260612T144849_9788383317526_23 |
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| _version_ | 1869519689914253312 |
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| author | Andrzej Derejski, Krzysztof |
| author_browse | Andrzej Derejski, Krzysztof |
| author_facet | Andrzej Derejski, Krzysztof |
| author_sort | Andrzej Derejski, Krzysztof |
| collection | Directory of Open Access Books |
| description | The work examines the problem of depreciation of French assignats in the years 1789–1796. In the studied period, the value of assignats changed, and their exchange rate underwent both depreciation and appreciation. By February 19, 1796, when assignat printing presses, stamps, and matrices were publicly destroyed in Place Vendôme, revolutionary banknotes had lost approximately 99.7% of their value. The history of assignats exemplifies the process of issuing paper money to cover state expenses, which led to a complete depreciation of the issued banknotes in the years following their first issuance in 1789._x000D_ This paper aims at presenting the depreciation of French assignats in the years 1789–1796, as well as identifying and discussing its determinants, particularly economic and social. The following detailed objectives were defined to help achieve the main objective:_x000D_ _x000D_ identification of the factors affecting the value of assignats;_x000D_ formulation of the “depreciation” dependent variable, as well as potential independent variables;_x000D_ development of causal econometric models of assignat depreciation in France and in the Bouches-du-Rhône department;_x000D_ validation and statistical verification of the constructed models._x000D_ _x000D_ Main hypothesis and research questions were developed based on a critical analysis of source material and literature review, as well as the main objective and detailed objectives formulated in the paper. The main research hypothesis of the paper is as follows: the depreciation of French assignats was determined by their issuance, sale of national assets, the introduction of the Law of the General Maximum, as well as military activities conducted by the French revolutionary army. |
| format | Online |
| id | doab-20.500.12854ir-177537 |
| institution | Directory of Open Access Books |
| language | pol |
| publishDate | 2026 |
| publishDateRange | 2026 |
| publishDateSort | 2026 |
| publisher | Wydawnictwo Uniwersytetu Łódzkiego |
| publisherStr | Wydawnictwo Uniwersytetu Łódzkiego |
| record_format | ojs |
| spelling | doab-20.500.12854ir-1775372026-06-12T13:52:33Z Deprecjacja francuskich asygnat w latach 1789–1796 Andrzej Derejski, Krzysztof French assignats Tables of depreciation Econometric analysis of assignat depreciation French revolutionary wars France during ancien régime thema EDItEUR::N History and Archaeology::NH History thema EDItEUR::K Economics, Finance, Business and Management::KC Economics The work examines the problem of depreciation of French assignats in the years 1789–1796. In the studied period, the value of assignats changed, and their exchange rate underwent both depreciation and appreciation. By February 19, 1796, when assignat printing presses, stamps, and matrices were publicly destroyed in Place Vendôme, revolutionary banknotes had lost approximately 99.7% of their value. The history of assignats exemplifies the process of issuing paper money to cover state expenses, which led to a complete depreciation of the issued banknotes in the years following their first issuance in 1789._x000D_ This paper aims at presenting the depreciation of French assignats in the years 1789–1796, as well as identifying and discussing its determinants, particularly economic and social. The following detailed objectives were defined to help achieve the main objective:_x000D_ _x000D_ identification of the factors affecting the value of assignats;_x000D_ formulation of the “depreciation” dependent variable, as well as potential independent variables;_x000D_ development of causal econometric models of assignat depreciation in France and in the Bouches-du-Rhône department;_x000D_ validation and statistical verification of the constructed models._x000D_ _x000D_ Main hypothesis and research questions were developed based on a critical analysis of source material and literature review, as well as the main objective and detailed objectives formulated in the paper. The main research hypothesis of the paper is as follows: the depreciation of French assignats was determined by their issuance, sale of national assets, the introduction of the Law of the General Maximum, as well as military activities conducted by the French revolutionary army. 2026-06-12T13:52:31Z 2026-06-12T13:52:31Z 2025 book ONIX_20260612T144849_9788383317526_23 9788383317526 9788383317519 https://directory.doabooks.org/handle/20.500.12854/177537 pol image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International https://press.uni.lodz.pl/index.php/wul/pl/catalog/book/1404 Wydawnictwo Uniwersytetu Łódzkiego electronic 10.18778/8331-752-6 The work examines the problem of depreciation of French assignats in the years 1789–1796. In the studied period, the value of assignats changed, and their exchange rate underwent both depreciation and appreciation. By February 19, 1796, when assignat printing presses, stamps, and matrices were publicly destroyed in Place Vendôme, revolutionary banknotes had lost approximately 99.7% of their value. The history of assignats exemplifies the process of issuing paper money to cover state expenses, which led to a complete depreciation of the issued banknotes in the years following their first issuance in 1789._x000D_ This paper aims at presenting the depreciation of French assignats in the years 1789–1796, as well as identifying and discussing its determinants, particularly economic and social. The following detailed objectives were defined to help achieve the main objective:_x000D_ _x000D_ identification of the factors affecting the value of assignats;_x000D_ formulation of the “depreciation” dependent variable, as well as potential independent variables;_x000D_ development of causal econometric models of assignat depreciation in France and in the Bouches-du-Rhône department;_x000D_ validation and statistical verification of the constructed models._x000D_ _x000D_ Main hypothesis and research questions were developed based on a critical analysis of source material and literature review, as well as the main objective and detailed objectives formulated in the paper. The main research hypothesis of the paper is as follows: the depreciation of French assignats was determined by their issuance, sale of national assets, the introduction of the Law of the General Maximum, as well as military activities conducted by the French revolutionary army. 10.18778/8331-752-6 83bfe9c9-323d-4283-b087-d859fd9af314 9788383317526 9788383317519 electronic open access |
| spellingShingle | French assignats Tables of depreciation Econometric analysis of assignat depreciation French revolutionary wars France during ancien régime thema EDItEUR::N History and Archaeology::NH History thema EDItEUR::K Economics, Finance, Business and Management::KC Economics Andrzej Derejski, Krzysztof Deprecjacja francuskich asygnat w latach 1789–1796 |
| title | Deprecjacja francuskich asygnat w latach 1789–1796 |
| title_full | Deprecjacja francuskich asygnat w latach 1789–1796 |
| title_fullStr | Deprecjacja francuskich asygnat w latach 1789–1796 |
| title_full_unstemmed | Deprecjacja francuskich asygnat w latach 1789–1796 |
| title_short | Deprecjacja francuskich asygnat w latach 1789–1796 |
| title_sort | deprecjacja francuskich asygnat w latach 1789 1796 |
| topic | French assignats Tables of depreciation Econometric analysis of assignat depreciation French revolutionary wars France during ancien régime thema EDItEUR::N History and Archaeology::NH History thema EDItEUR::K Economics, Finance, Business and Management::KC Economics |
| topic_facet | French assignats Tables of depreciation Econometric analysis of assignat depreciation French revolutionary wars France during ancien régime thema EDItEUR::N History and Archaeology::NH History thema EDItEUR::K Economics, Finance, Business and Management::KC Economics |
| url | ONIX_20260612T144849_9788383317526_23 |
| work_keys_str_mv | AT andrzejderejskikrzysztof deprecjacjafrancuskichasygnatwlatach17891796 |