frenchhistory:Assignat de Dix Mille franc crée le 18 Nivôse an III de la République hypothéqué sur l
frenchhistory:Assignat de Dix Mille franc crée le 18 Nivôse an III de la République hypothéqué sur les domaines nationaux.@creditsOn the 19th of Fructidor, a plan to make the finance of the country healthier was announced by Ramel Nogaret and voted on the 9th of Vendémiaire an VI (30th of September 1797. One third of the national debt would be garantied while the rest would be paid off by national bonds that could be used to buy ‘national properties’ (bien nationaux) - basically, a badly disguised non-repayment of two third of the debt. This operation is known as the ‘banqueroute des deux-tiers’.The debt is reduced to 7% of the budget. Its effect on the population is contrasted : some managed to buy lands at a very cheap prices, others saw their debt reduced as well while stockholders lost a good share of their money. -- source link
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