INSTRUCTION SUR LA MANIERE DONT SERONT OUVERTS LES COMPTES COURANS EN BANQUE,

(Banking.)

INSTRUCTION SUR LA MANIERE DONT SERONT OUVERTS LES COMPTES COURANS EN BANQUE,

Et comment se feront les viremens de parties en banque, en exécution de l'arrest du Conseil du 13 juillet 1720.

Description: woodcut royal arms on title, woodcut head- and tail-piece, woodcut initial, browned and spotted, small piece torn from fore-margin of last leaf, paper flaw in another but without loss, pp. [i], 7, [10], 4to, disbound

Publication Details: Paris: the Widow Saugrain & Pierre Prault, 1720

Notes: The first real expansion of banking in France took place in the eighteenth century. Admittedly, the failure of John Law's ambitious endeavour, from 1716 to 1720, had serious consequences. His Banque Générale, which was granted the privilege of issuing banknotes, was intended at the same time to rescue public credit, which was severely affected by the cost of the wars waged by Louis XIV, and to amortise the crushing state debt as well as to ensure the recovery of the economy by developing commercial credit. A victim of unbridled speculation and excessive issuing of fiduciary currency, the 'sy...moreThe first real expansion of banking in France took place in the eighteenth century. Admittedly, the failure of John Law's ambitious endeavour, from 1716 to 1720, had serious consequences. His Banque Générale, which was granted the privilege of issuing banknotes, was intended at the same time to rescue public credit, which was severely affected by the cost of the wars waged by Louis XIV, and to amortise the crushing state debt as well as to ensure the recovery of the economy by developing commercial credit. A victim of unbridled speculation and excessive issuing of fiduciary currency, the 'system' collapsed, casting discredit on all banking enterprises for decades to follow. The present text sets out how credits were to be allocated between banks in Paris and Lyons, the last 10 pages being sample forms of accounting.WorldCat locates BNF only. HIDE

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Price: £900

Subject: History

Published Date: 1720

Stock Number: 52768

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