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[print edition page xlviii]

[print edition page xlix]

A Note on Currency

In the eighteenth century, the French pound (or franc, an older term still used for accounting purposes in the eighteenth century) was equal to twenty sols or sous, and a sol or sou was equal to twelve deniers (from L., denarius). On the high end, an écu, translated either as “silver crown” (for the recent period) or as “gold crown,” was the equivalent of three French pounds and a gold louis was worth twenty-four pounds. In England, one pound sterling was twenty shillings and one shilling equaled twelve pence. As a rough measure of cost of living, a Parisian construction worker in the middle of the eighteenth century would typically make about fifteen to twenty sous per day, or a very few hundred French pounds per year.1

Encyclopedic Liberty

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