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FOULD, ACHILLE (1800–1867)

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Originally appearing in Volume V10, Page 738 of the 1911 Encyclopedia Britannica.
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FOULD, ACHILLE (1800–1867) , See also:French financier and politician, was See also:born at See also:Paris on the 17th of See also:November 1800. The son of a See also:rich Jewish banker, he was associated with and afterwards succeeded his See also:father in the management of the business. As See also:early as 1842 he entered See also:political See also:life, having been elected in that See also:year as a See also:deputy for the See also:department of the Hautes See also:Pyrenees. From that See also:time to his See also:death he actively busied himself with the affairs of his See also:country. He readily acquiesced in the revolution of See also:February 1848, and is said to have exercised a decided See also:influence in See also:financial matters on the provisional See also:government then formed. He shortly afterwards published two See also:pamphlets against the use of See also:paper See also:money, entitled, Pas d'See also:Assignats l and Observations sur la question financiere. During the See also:presidency of See also:Louis See also:Napoleon he was four times See also:minister of See also:finance, and took a leading See also:part in the economical reforms then made in See also:France. His strong conservative tendencies led him to oppose the See also:doctrine of See also:free See also:trade, and disposed him to See also:hail the coup d'etat and the new See also:empire. On the 25th of See also:January 185e, in consequence of the See also:decree confiscating the See also:property of the See also:Orleans See also:family, he resigned the See also:office of minister of finance, but was on the same See also:day appointed senator, and soon after rejoined the government as minister of See also:state and of the imperial See also:household. In this capacity he directed the Paris See also:exhibition of 1855. The events of November 186o led once more to his resignation, but he was recalled to the See also:ministry of finance in November of the following year, and retained office until the publication of the imperial See also:letter of the 19th of January 1867, when Emile 011ivier became the See also:chief adviser of the See also:emperor. During his last See also:tenure of office he had reduced the floating See also:debt, which the Mexican See also:war had considerably increased, by the negotiation of a See also:loan of 300 millions of francs (1863).

Fould, besides uncommon financial abilities, had a See also:

taste for the See also:fine arts, which he See also:developed and refined during his youth by visiting See also:Italy and the eastern coasts of the Mediterranean. In 1857 he was made a member of the See also:Academy of the Fine Arts. He died at See also:Tarbes on the 5th of See also:October 1867.

End of Article: FOULD, ACHILLE (1800–1867)

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