Sentence Examples


  • The first of these mistakes was a measure making (January 1885) the currency inconvertible for a period of two years.
  • Instead of facing the difficulties, the president preferred to put off the day of reckoning by flooding the country with inconvertible notes, with the result that the financial crisis became more and more aggravated.
  • On the 31st of August of the same year a series of proposals upon the currency question was submitted to congress by the president, whose real object was to counteract the too rapid appreciation of the inconvertible paper money.
  • This large increase is to be accounted for by the fact that during the Napoleonic rgime the government steadily refused to issue inconvertible paper currency or to meet war expenditure by borrowing.
  • The success of the issue was undoubted, and, possibly, if the assignats had been restricted, as Mirabeau at first desired, to the extent of one-half the value of the lands sold, they would not have shared the usual fate of inconvertible paper money.

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