The Paper Money Folly of France and Its Downfall
A historical survey tracing the rise and collapse of paper currency in France from the Mississippi System led by John Law to the assignats of the revolution. It details the 18th century bubble, rapid inflation, stock mania, and social turmoil driven by fiat notes supplanting coin, ending in widespread famine, debt, and financial ruin.
MENTIONED IN THIS ARTICLE
Soba
Biensellse
Continent
France
Pfrance
Puce
Louis XV
Varia
Place Verdome
Dala Lov
Television
Septehiman
Tgepe
COTV
Wilden
Lian
Hfe
Law
Due d'Orleans
Me. Law
Royal Bank
Mint
Cour
John Law
Woody
Onlto
Jeving
Wolfers
Quinquempoix
Holdar
Pyran
Levens
Tan
Brung Prentag
Nowarel
Paris
Marat
Pavia
Prper
Hiw
Shi
Seine
Puxembourg
Oder
Direstora
Assizmata
Paria
Mirabonu
History of paper money from France to the American colonies
The article recounts the French collapse of John Law’s paper money scheme in 1720 with massive specie outflows and depreciated notes, then traces colonial experiences from 1690 to 1775 as New England, New York, Pennsylvania, and others experiment with paper currency, leading to Continental money after Bunker Hill. It highlights depreciation, hunger, and societal strain alongside early colonial notes and Franklin’s role in printing.
MENTIONED IN THIS ARTICLE
Atlantic
New England
New York
Canada
Boston
Massachusetts
Old Bay State
Pennsylvania
New Castle
Benjamin Franklin
England
France
Franklin
Congress
Bunker’s Hill
Breuning Traveller
Traveller
The Continent’s Paper Money History and Its Depreciation
A historical account traces Continental currency decline from 1778 to 1781 with large issues, depreciated notes, and the rise of shinplaster terms. It notes British attempts to panic markets, privateer counteractions, France alliance effects, and later U.S. Treasury notes. The piece argues that paper money inflates prices, depletes specie, and harms economies across nations.
MENTIONED IN THIS ARTICLE
Great Britain
Congress
Burgoyne
France
U.S. Bank
Also Mentioned on This Page
Lubuque Gerald
Po, Matin
Atilian Betcring
Faller
History OF
Universal
U. States
The
New York Sunday Mercury
Weshavy
Suaern
Western
Europe
Maines Nationaux
la Nepubliquy
Eric
Dion
United States
Proacu
Thengtate
Nome
Mischt Hive
Brance
Anny
Aicht
Vulcan
Hallowe
Hrowe
Raowtis
Welmbold
Welmboll'’s
Buchir
Muaretic
Holmbold
Rewnie
Vwelmnold
Aiden
John M. Dau
Li Pulten Streat
Browdlyn
Hunnewall
Tola
Chicago
Cloth and
Chas. Beardslee & Bros
Lake Street
Illinois
Clay
Scot
South Water St
Fairbanks
Jade G. Dupingy Wa
M.tenamay
Dwonies
W. O. Diboll
W.d. Gilbert
Main Street
BE. Sra
Cowie
Grover & Baker's
Baker
Great Western
Randolph Street
Dearborn
State
Ills
Osio
Michigan
Indiana
E. Brunswick & CO
Bagatelle Fables
Pet. Fairbanks, Greensbearf & CO
Lake Sthert
Ciuicago
Dubuque
J. P. Fannsi & Co
Wrar- Phrall
John C. Partridge & Co
General Northwestern
Chicao
Lizzacea
RALE
Areney
Towa
Manhattan
Spruce
Dearborn Street
J.C. Partridge
Smith, Palmer & Co
William Clarke
Clarke & Dater
South Water
Minola
Jfr
Win
Moore
National Intelligencer
Washburton
D.C
Orrick
NEW Hat and Cap House
H. & R. B. Wilittemore & CO
Orrice Crerare Wrrann
Herald
Pravgores Hanatp
Sale St
Wabash
D. A. Mationy & CO
Ove
American House
Baylams
Lewis Rice
Harmon, Gale & CO
Harmon, Aiken & Gale
Tradten
Neo
Hoey, Acens
Fresie Antivals Daily
John Fortune
Jani
Purchsas, Hwapmon, Gale &, Co
Morricon’s Block
Cor. 7Th and
Barker, Barney & Dillon's Law Omee
Duruque, Iowa
W. T. Batega
P. H. Cowan
Cras. L. Cunnien
J. Stewart
W. J. Barney
A. O. Mattybon
Amept
Hart, ‘Asten & CO
South Water Street
Tls
Baga
W. F. Coolbaugh & CO
W. F. Coolbaugh
Burlington Bank
State Bank of Town
Coolteurgh & Trooks
Burlington, Iowa
New York Exchange
Specie, &E
American Express Co
DR. James
Crstomhouse Street
Mas
James
New Orleans Lock Hospital
Gonorriver
Jamey Tang
New Orleans
New Orleans Crescent
Cn-tom-Manse Street
X.O
Union
Galveston News
Texas
Jines
Baton Rouge
Comet
James’ Saccess
Iris
Granads
Ttig
Janes
Kemender Dr. James
Ravin T
Dearben Wiresta
Ciucazo Winvia
DR. Radway
Radtway
Aires
Radway
Radway's
Radpway
Billious
DR. Salmon Skinner
Dr. Rapwart Co
Billioun
DR. &. Skinner
Ratway
Radway & Cos
Juin Street
Constitution Water
Caius
Gregg & Torropnetors
Morgan & Renewer
Aaron No
Chir Street
Rellem, Ag
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!