War and Inflation in Spain, 1780–1800

Earl J. Hamilton

The Quarterly Journal of Economics, 1944, vol. 59, issue 1, 36-77

Abstract: I. Introduction, 36. — II. The first issues of paper currency, 37. — III. Depreciation begins, 41. — IV. Why paper depreciated, 43. — V. Issues of paper for canals and by the Philippine Company, 45. — VI. Paper above par in 1786–1793, 46. — VII. Taxation, loans, and inflation during war with France in 1793–1795 and with England in 1796–1800, 50. — VIII. Paper in terms of specie in 1792–1800, 59. — IX. Reasons for depreciation in 1794–1800, 64. — X. Efforts to control depreciation, 65. — XI. Prices and wages, 72. — XII. Conclusions, 76.

Date: 1944
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