Consolidated Third would be redeemable for national lands; similar to what the Assignat was originally before it became a paper currency The value of these bonds was only one third of the value of the national debt, thus being a form of Debt consolidation. This would represent a repudiation of most of the state's debt, and a bankruptcy of two-thirds of the debt, leading to the euphemism of the remaining being a consolidated third. Consolidated Third The Consolidated Third (French: "le tiers consolidé") is the name given in France to the 1797 repudiation of public debt of which only one third was
One-third hypothesis One-third hypothesis The one-third hypothesis (OTH) is a sociodynamic idea—advanced by Hugo O. Engelmann—that asserts that a group's prominence increases as it approaches one-third of the population and diminishes when it exceeds or falls below one-third of the population. As the one-third hypothesis was stated originally by Hugo O. Engelmann in a letter to the "American Sociologist" in 1967: "...we would expect that the most persistent subgroups in any group would be those which approximate one-third or, by similar reasoning, a multiple of [i.e., a power of] one-third of the total group. Being the most persistent, these groups also should