One of the main causes of the French Revolution is known that was the serious situation of the economy, that, for a long time, she caused an increasing displeasure. From beginnings of century xvili, the public finances was in the most complete disorder, between other reasons because the pressure would pay distributed of a form inicua: on the one hand, the noble and the clergy they were recognized to them privileges and exemptions without story, whereas the town and the retailers and industralists saw themselves more and more pressed by taxes and rates, more of the times without having the possibility of letting hear its voice in the political institutions. The authors of the Illustration, like Vokaire, Diderot and Rousseau widely spread, new ideal of freedom and equality. In 1778, France put itself next to North American revolutionaries, not as much to support the ideals of the rebels whatever to pedudicar the interests of England. new expenses military struck the blow of grace to the finances. In addition, in 1789 the country finished undergoing two years of harvests insufficient, which pushed great part of the subjects until the thresholds of the indigencia. The general States, summoned by king Luis XVI that year, besides to declare abolished the absolute monarchy, opening step in fact to revolution, did not take in confronting the financial question. The national debt surpassed the 4, 000 million pounds (Iivres). It stops to tranquilize the creditors, the Nacional Assembly dedarĂ³ pomposamente that that one was guaranteed by specified < not well, honor national. But the beautiful words of the proclamations did not solve the situation; a concrete guarantee was precise with urgency, and later of a long debate, the Assembly approved with that aim a proposal that anticipated the confiscation of the ecclesiastical goods and its later one sale in public auction. Nevertheless, the putting in practice of this decision encountered actually over serious obstacles, accentuated by the urgency caused by the terrible situation. In the first place, it was precise to inventory the enormous possessions of the Church, scattered by all the kingdom, to confiscate them, to appraise them and to organize the auction. And by the others, how many was in conditions for paying by them? risk of a cheap sale terrified the governors.

first assigned

An extraordinary emission was decided then of assigned, that is state obligations that rendered 5%, guaranteed by the properties ecclesiastics confiscated and turned, the bad currency expels the good one, in the course of few years the silver currencies and gold almost had disappeared because they were tesaurizadas or exported. The change deficiency also caused an ample fiduciary ticket circulation emitted by private banks, municipalities and retailers, a phenomenon similar to which was registered in Italy at the end of the Seventies of this century, when the country was invaded by mini-assegni. In revolutionary France, in addition to the mentioned ones many assigned false also circulated, since it were enough easy to imitate them. The young republic not yet could to reorganize the production, and great part of foods had to be rationed: it was clear that the whole revolution depended on the capacity of the economy, reason why great confrontations began in government revolutionary, with regard to the measures that were to take themselves. In any case, Robespierre guaranteed the public order by means of iron laws. It tried to restrain the inflation caused by the enormous emissions of tickets, being imposed an official price to the goods of first necessity. The guillotine acted against any suspect of being enemy of the revolution: this one is the bloodthirsty period known like Terror. Meanwhile, the fear of which the revolutionary principles of freedom and equality could propagate to the other States, induced to great part of the European monarchs to coaligar itself against France. In order to defend the borders, Robespierre decreed the general mobilization, managing to organize an enormous army to the control of general Carnot, that to the end gain the victory. But France was cansaaa of the long period of ferocious dictatorship. To the fall of Robespierre, the moderate forces tried to give a little breathing to the population, abolishing the restrictions in economic matter, but of it was born a called regime @de the corruption “. assigned emissions of were started again to febrile rate, in as much the guarantee represented by the national goods was already purely theoretical.

Of assigned to mandates

In 1796, in the culminating point of the inflation, a mass of 45, 000 assigned million circulated of that were not worth practically anything. Many they used to pay them the taxes, since the emitter could not reject them, but in August of 1796, assigning of 1, 000 pounds was worth in reality only 10 pays, exactly 2, 000 times less than their nominal value, Others were able to acquire confiscated national goods to the clergy, because also for these transactions the payment in still assigned was accepted officially. When the situation became to all lights untenable, the government no longer could accept his paper money by the nominal value, and tried to replace it by the


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