The Directory's Plan to Wean Paris Off of Subsidized Food Ration

The Directory tried to figure out how it was going to keep the economy functioning now that they had abandoned the ossenan. They invented this piece of paper called the territorial mandate, which would be ultimately redeemable for a portion of national lands. On the the first one rolled off the presses on march eighteenth, 17 96, it was immediately being traded at just 80 % face value. The only people who benefited from all this were speculators who could quickly swap out their worthless assina for slightly less worthless mandates. And then turn around and buy up national land for a song.