FRENCH REVOLUTION
FRANCE UNDER NAPOLEON
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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During the French Revolution assignats, the paper money, were backed by
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Church property
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Noble property
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Gold
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Silver
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Tax revenues
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Explanation:
Detailed explanation-1: -A financial expedient on the part of the Revolutionary government, the increasing issuance of the assignats resulted in inflation. In December 1789, to pay its immediate debts, the National Assembly issued the assignat as a bond bearing 5 percent interest, with the recently nationalized church lands as security.
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