Legal Rate Of Interest In France Essay - 1023 Words

not only much poorer, but the steps by which it advances to a better condition, for it is evidently advancing, seem to be much slower and more tardy. The legal rate of interest in France has not, during the course of the present century, been always regulated by the market rate. In 1720 interest was reduced from the twentieth to the fiftieth penny, or from five to two per cent. In 1724 it was raised to the thirtieth penny, or to 3 1/3 per cent. In 1725 it was again raised to the twentieth penny, or to five per cent. In 1766, during the administration of Mr. Laverdy, it was reduced to the twenty-fifth penny, or to four per cent. The Abbe Terray raised it afterwards to the old rate of five per cent. The supposed purpose of many of those†¦show more content†¦The province of Holland, on the other hand, in proportion to the extent of its territory and the number of Its people, is a richer cou?try than England. The government there borrows at two per cent, and private people of go od credit at three. The wages of labour are said to be higher in Holland than in England, and the Dutch, it is well known, trade upon lower profits than any people in Europe. The trade of Holland, it has been pretended by some people, is decaying, and it may perhaps be true some particular branches of it are so. But these symptoms seem to indicate suffi?lently that there is no general decay. When profit diminishes, merchants are very apt to complain that trade decays; though the diminution of profit is the natural effect of its prosperity, or of a greater stock being employed in it than before. During the late war the Dutch gained the whole carrying trade of France, of which they still retain a very large share. The great property which they possess both in the French and English funds, about forty millions, it is said, in the latter (In which I suspect, however, there is a considerable exaggeration); the great sums which they lend to private people in countries where the rate of in terest is higher than in their own, are circumstances which no doubt demonstrate the redundancy of their stock, or that itShow MoreRelatedOf The Sociological Imagination In Georges Dubys Madame Bovary1380 Words   |  6 Pagesimagination as â€Å"the inner life and the external career of a variety of individuals.† (Mills). He meant that people should look at the society rather than focusing our individual lives. In this essay, I will be addressing more in depth of Mill’s concept of sociological imagination, the role of women in France from the 19th century and how it refers to Georges Duby’s film â€Å"Madame Bovary†. Mills, the sociologist, mentioned how people go about their daily routine. 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