introduction of the franc germinal (preparatory measures)
E601708
The introduction of the franc germinal (preparatory measures) refers to the late-1790s groundwork laid under the French Directory to stabilize France’s chaotic post-revolutionary monetary system and pave the way for the durable franc germinal currency.
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
event in French economic history
ⓘ
historical monetary reform process ⓘ |
| aimedAt |
establishing a durable metallic currency
ⓘ
restoring public trust in money ⓘ stabilizing France’s post‑revolutionary monetary system ⓘ standardizing coinage and units of account ⓘ |
| appliesToJurisdiction | France NERFINISHED ⓘ |
| country | French Republic NERFINISHED ⓘ |
| endTime | circa 1803 ⓘ |
| field |
monetary policy
ⓘ
public finance ⓘ |
| followedBy | formal establishment of the franc germinal in 1803 ⓘ |
| hasEffect |
creation of conditions for long‑lasting franc germinal system
ⓘ
improvement of domestic and international confidence in French money ⓘ reduction of monetary chaos and hyperinflation ⓘ stabilization of French currency after the Revolution ⓘ strengthening of state control over coinage ⓘ |
| hasPart |
assessment of pre‑revolutionary coinage and weights
ⓘ
coordination between financial administrators and legislators ⓘ creation of a coherent decimal monetary framework ⓘ definition of a stable monetary unit of account ⓘ drafting of legislation for a new franc ⓘ measures to limit monetary inflation ⓘ measures to restore confidence in French currency ⓘ measures to withdraw depreciated paper assignats ⓘ planning of a bimetallic gold‑silver standard ⓘ preparation of a new metallic currency unit ⓘ preparation of conversion rules between old and new units ⓘ reform of coinage standards ⓘ reorganization of French mint operations ⓘ stabilization of post‑revolutionary monetary system ⓘ technical studies on metallic content of coins ⓘ transition away from revolutionary paper money ⓘ |
| historicalContext |
aftermath of the French Revolution
ⓘ
period of the French Directory ⓘ |
| influenced | later 19th‑century European monetary reforms ⓘ |
| location | Paris ⓘ |
| partOf | French Revolutionary and Napoleonic monetary reforms NERFINISHED ⓘ |
| precededBy |
French Revolutionary monetary experiments
ⓘ
widespread use and collapse of assignats ⓘ |
| resultedIn | adoption of the franc as basic monetary unit of France ⓘ |
| startTime | circa 1795 ⓘ |
| timePeriod | late 1790s ⓘ |
| underGovernment | French Directory NERFINISHED ⓘ |
| usedSystem |
bimetallic standard based on gold and silver
ⓘ
decimalization of currency units ⓘ |
Referenced by (1)
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introduction of the franc germinal (preparatory measures)
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