Fiche du document
1 août 2018
- handle: 10670/1.6k5d3t
- hal: hal-03209387
Mots-clés
Domaine 3 - capitaux EC ChercheursSujets proches
Banknotes Bank currency Bank billsCiter ce document
Patrice Baubeau, « Small Denomination Banknotes from 1864 to 1878: A Menacing Innovation \ldots to Whom? », HAL-SHS : histoire, ID : 10670/1.6k5d3t
Métriques
Partage / Export
Résumé
During the 19th century, the Bank of France adhered to a doctrine that made small denomination banknotes the source of many dangers: panic movements; risk of inflation; unwelcome reminder of the ``assignats''; counterfeiting. However, the rapid sequence of the 1870 war, the defeat, a record indemnity and a monetary crisis forced the Bank to issue millions of small 25, 20 and 5 francs denominations. But this innovation, the daughter of necessity, in no way inflected the Bank's orthodox doctrine. As soon as 1873, it undertook to withdraw these small bills for motives that were not all of general interest.