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Change in per capita GDP of France, 1820–2018. Figures are inflation-adjusted to 2011 international dollars. The economic history of France involves major events and trends, including the elaboration and extension of the seigneurial economic system (including the enserfment of peasants) in the medieval Kingdom of France, the development of the French colonial empire in the early modern ...
[268] [269] His major work, The French Revolution, a Political History, 1789–1804 (1905), was a democratic and republican interpretation of the Revolution. [270] Socio-economic analysis and a focus on the experiences of ordinary people dominated French studies of the Revolution from the 1930s. [271]
[45] [46] In 1789 itself there was a 25% fall in real wages and an 88% increase in the price of bread. These immediate issues increased the resentment of the underlying problem of the inequality of land distribution, in which peasants made up approximately 80% of the French population, but only owned 35% of the land.
Convention of the Estates-General of 1789, the first meeting since 1614 of the Estates-General; Saturday, 20 June: The Tennis Court Oath is made in Versailles. Thursday, 9 July: Forming of the National Constituent Assembly; Saturday, 11 July: Louis XVI of France dismisses popular Chief Minister Jacques Necker. Sunday, 12 July
The debt caused major economic and political problems for France, and, as the country struggled to pay its debts, eventually led to the Financial Crisis of 1786 [28] and the French Revolution in 1789. [29]
A map of France in 1843 under the July Monarchy. By the French Revolution, the Kingdom of France had expanded to nearly the modern territorial limits. The 19th century would complete the process by the annexation of the Duchy of Savoy and the County of Nice (first during the First Empire, and then definitively in 1860) and some small papal (like Avignon) and foreign possessions.
1789–1799: Kingdom of France: 1791–1792: First Republic: ... there were significant economic problems, particularly acute in the period from 1827 to 1832 ...
Many of the economic, social and political woes during the Directory were results of the breakdown of the financial system. The principal problem was a great shortage of money with real value; that is, coins made of silver, and an excess of paper money, the value of which shrank as more and more was printed.