assignat Synonyms
No Synonyms and anytonyms found
assignat Meaning
assignat (n.)
One of the notes, bills, or bonds, issued as currency by the revolutionary government of France (1790-1796), and based on the security of the lands of the church and of nobles which had been appropriated by the state.
assignat Sentence Examples
- During the French Revolution, the National Convention issued assignats as paper currency to finance government expenses.
- The value of the assignat depreciated rapidly due to excessive printing and inflation.
- Merchants often refused to accept assignats, preferring more stable forms of payment.
- The assignat system contributed to economic instability and social unrest during the revolutionary period.
- Counterfeiting of assignats became widespread, further undermining confidence in the currency.
- The government attempted various measures to stabilize the assignat, but they ultimately failed.
- Many people hoarded precious metals and goods instead of holding onto depreciating assignats.
- The assignat's value plummeted, leading to widespread poverty and hardship among the populace.
- In 1796, the French government abolished the assignat system in favor of a new currency.
- The assignat remains a symbol of the economic challenges faced during the French Revolution.
FAQs About the word assignat
One of the notes, bills, or bonds, issued as currency by the revolutionary government of France (1790-1796), and based on the security of the lands of the churc
No synonyms found.
No antonyms found.
During the French Revolution, the National Convention issued assignats as paper currency to finance government expenses.
The value of the assignat depreciated rapidly due to excessive printing and inflation.
Merchants often refused to accept assignats, preferring more stable forms of payment.
The assignat system contributed to economic instability and social unrest during the revolutionary period.
