The assignat was a paper bill issued by France between 1789 and 1796, during the French Revolution (1789-1799). First issued in the form of bonds, the assignat was meant to stimulate France's economy as a quick means to pay off national debt. Yet, assignats soon devolved into a paper currency, the mass production of which led to inflation and depreciation.
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Definition
Timeline
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1789 - 1796Assignats are issued in France.
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19 Feb 1796The assignat currency is discontinued in Revolutionary France; replaced with the mandat.
