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Making Money in Sixteenth-Century FranceCurrency, Culture, and the State$
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Jotham Parsons

Print publication date: 2014

Print ISBN-13: 9780801451591

Published to Cornell Scholarship Online: August 2016

DOI: 10.7591/cornell/9780801451591.001.0001

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The Inflationary Crisis and the Reforms of 1577

The Inflationary Crisis and the Reforms of 1577

Chapter:
(p.104) Chapter 3 The Inflationary Crisis and the Reforms of 1577
Source:
Making Money in Sixteenth-Century France
Author(s):

Jotham Parsons

Publisher:
Cornell University Press
DOI:10.7591/cornell/9780801451591.003.0004

This chapter considers how the French government resolved the problem of inflation in France. Beginning in the mid-1560s, the government began to seek expert advice from outside the circles of merchants and moneychangers on how to deal with disorder and inflation. Drawing upon these suggestions, they implemented technical improvements that would lead to a more consistent and uniform coinage. King Henri II's established the new office of Engraver-General of the Moneys of France, which partially centralized the production of punches used in making coining dies. Moreover, he implemented the 1549 monetary edict that changed the bimetallic ratio while also increasing the allowance for manufacturing costs in coins.

Keywords:   inflation, King Henri II, Engraver-General, French government, 1549 monetary edict, coinage, France, Moneys of France

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