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Chapter 61: Preparing for Military Reforms
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... hurch's land, the financial crisis of the new government seemed to have temporarily abated. However, selling billions of livres worth of land all at once wasn't an easy task. If it was too expensive, no one could afford it, and if it was too cheap, it would be a significant loss. So, a new idea emerged: issuing a form of paper currency backed by these lands.
According to the initial plan, the issuance of this paper currency was supposed to correspond to the value of the Church's land. Th ...
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