History
After an initial period during which barter prevailed, the French livre began to circulate. In order to encourage coins into the colony, those circulating in New France were valued at a premium, creating a monnoye de pays (monnaie de pays in Modern French) worth less than the French currency (monnoye de France, monnaie de France in Modern French). The premium was set at one eighth in 1664, raised to one third in 1680. The New France currency was distinguished by the extensive use of paper money. However, early issues did not maintain their value. In 1717, the premium for coins was abolished, the card money was redeemed at half its face value and the New France livre was set equal to the French livre. Further paper money was issued. In the 1750s, the backing of paper money by coins was suspended, causing the hoarding of coins. Following the British conquest of New France, the paper money lost its value and the livre was replaced by the pound.
Read more about this topic: New France Livre
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““And now this is the way in which the history of your former life has reached my ears!” As he said this he held out in his hand the fatal letter.”
—Anthony Trollope (1815–1882)
“The greatest honor history can bestow is that of peacemaker.”
—Richard M. Nixon (1913–1995)
“When the landscape buckles and jerks around, when a dust column of debris rises from the collapse of a block of buildings on bodies that could have been your own, when the staves of history fall awry and the barrel of time bursts apart, some turn to prayer, some to poetry: words in the memory, a stained book carried close to the body, the notebook scribbled by hand—a center of gravity.”
—Adrienne Rich (b. 1929)