Paper-Money Inflation in France; How It Came, What It Brought, and How It Ended: A Paper Read Before Several Senators and Members of the House of ... 12, and Before the Union League Club, at New - Softcover

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Excerpt from Paper-Money Inflation in France; How It Came, What It Brought, and How It Ended: A Paper Read Before Several Senators and Members of the House of Representatives, of Both Political Parties, at Washington, April 12, and Before the Union League Club, at New York, April 13, 1876

The first result of the maximum was, that every means was taken to evade the fixed price imposed; the farmers brought in as little produce as they possibly could. This caused scarcity, and the people of the large cities were put on an allowance.

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