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| VI. The World Wars and the Interwar Period, 1914–1945 > C. Europe, 1919–1945 > 7. France > 1927, July 13 | ||||
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| The Encyclopedia of World History. 2001. |
| 1927, July 13 | |
| The system of scrutin d'arrondissement restored for the elections. | 1 |
| 1928, April 5 | |
| After years of discussion, the National Assembly adopted a system of social insurance. Recognizing some problems in the law, however, the government announced plans for two follow-up laws, the final law of which established France's system of welfare (April 30, 1930). The final National Workmen's Insurance Law insured 9 million workers against sickness, old age, and death. Workers contributed 3 percent of wages, employers an equal amount. The state contributed in some cases. | 2 |
| June 24 | |
| The franc was devalued from 19.3¢ to 3.92¢, this being a disguised repudiation of about four-fifths of the national debt. The measure hit the rentier class hardest and explains later opposition to further devaluation. | 3 |
| The Encyclopedia of World History, Sixth edition. Peter N. Stearns, general editor. Copyright © 2001 by Houghton Mifflin Company. Maps by Mary Reilly, copyright © 2001 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. | |
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