This was a political coup detat, and when the time had expired he attempted a financial coup detat by debasing the currency.
At last that final expedient of weak governments, the debasing of the coinage, led to a crisis.
There was a considerable party in favour of debasing the currency indefinitely by inflation, and a bill with that object was passed by Congress in April 1874.
He had already persecuted and plundered the Jews and the Lombard bankers, and repeated recourse to the debasing of the coinage had led to a series of small risings.
As the stronger side of Gotama's teaching was neglected, the debasing belief in rites and ceremonies, and charms and incantations, which had been the especial object of his scorn, began to spread like the Birana weed warmed by a tropical sun in marsh and muddy soil.
The history of furs can be read in Marco Polo, as he grows eloquent with the description of the rich skins of the khan of Tatary; in the early fathers of the church, who lament their introduction into Rome and Byzantium as an evidence of barbaric and debasing luxury; in the political history of Russia, stretching out a powerful arm over Siberia to secure her rich treasures; in the story of the French occupation of Canada, and the ascent of the St Lawrence to Lake Superior, and the subsequent contest to retain possession against England; in the history of early settlements of New England, New York and Virginia; in Irving's Astoria; in the records of the Hudson's Bay Company; and in the annals of the fairs held at Nizhniy Novgorod and Leipzig.
Incensed by the debasing of the coinage, which robbed them of part of their pay, they invaded the Divan clamouring for the heads of the sultan's favourite, the beylerbey of Rumelia, and of the defterdar (finance minister), which were thrown to them (April 3, 1589).
By debasing the coinage he hastened the decay of Byzantine commerce.