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Assignats, paper bills issued as currency from 1789 to 1796 during the French Revolution. They were initially backed by the value of expropriated properties, but as those properties were sold and still more assignats were issued the system succumbed to inflation. The Tarot card of The Fool, or The Beggar, on top of the assignats sums up the poor mans lot during the latter years of the assignats hyperinflation
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Assignats, paper bills issued as currency from 1789 to 1796 during the French Revolution. They were initially backed by the value of expropriated properties, but as those properties were sold and still more assignats were issued the system succumbed to inflation. The Tarot card of The Fool, or The Beggar, on top of the assignats sums up the poor mans lot during the latter years of the assignats hyperinflation
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Media ID 24909582
© Ken Welsh
Currency Economy France French Revolution Assignats Currencies Economies Hyperinflation Inflation Tarot
EDITORS COMMENTS
This print captures the historical significance of assignats, paper bills issued as currency during the French Revolution from 1789 to 1796. Initially backed by expropriated properties, these assignats were intended to stabilize the economy. However, as more properties were sold and additional assignats were printed, inflation took hold and the system collapsed. The image showcases an intriguing juxtaposition between a stack of assignats and a Tarot card depicting The Fool or The Beggar. This symbolism perfectly encapsulates the plight of the common man during the latter years of hyperinflation caused by assignats. The engraving evokes a sense of history with its vintage appearance, taking us back in time to witness this economic turmoil firsthand. It serves as a powerful reminder that even well-intentioned measures can have unintended consequences. Ken Welsh's masterful composition not only highlights the monetary aspect but also delves into social implications and human suffering brought about by financial instability. It is an archival piece that offers valuable insights into France's turbulent past. Whether you are fascinated by history or intrigued by economics, this thought-provoking print will undoubtedly spark conversations about how currencies can shape societies and impact individuals' lives.
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