The French Revolution 1789-1795Gardiner, Bertha Meriton
History
The French Revolution 1789-1795
Gardiner, Bertha Meriton
France -- History -- Revolution, 1789-1799
Economical and financial reforms were also effected. Internal custom
houses were removed, monopolies and trade restrictions abolished.
The Assembly, however, trod here with more cautious steps than when
effecting constitutional and administrative reforms. The tariff of
export and import duties was modified, but fear of injuring French
industries prevented the adoption of free trade principles in
regulating the commercial relations between France and other countries.
The restoration of the finances in the midst of revolution was not a
work to be easily accomplished. The Assembly delayed to abolish the
old taxes until a new system of taxation was organised, but meanwhile
thousands refused to pay them, and the revenue proportionately
decreased. To meet the expenses of government Necker was compelled
to borrow, and in the autumn of 1789 the State debt reached about
43,750,000_l._ To prevent its increase and to meet the claims of
creditors, the Assembly had resource to Church property. By the
abolition of tithes on August 4, a revenue of 5,818,750_l._ passed
into the hands of landed proprietors and agriculturists. The Church,
however, remained possessed of property valued at a capital of more
than 100,000,000_l._, bringing in a revenue of about 3,500,000_l._ All
this property was declared to be at the service of the State, which
undertook henceforth to provide for the clergy. Crown lands and Church
lands to the value of 17,500,000_l._ were offered for sale, and state
paper money to the same amount issued in the form of notes of the value
of 44_l._, bearing a forced currency and called assignats, which were
to be used in payment of state creditors, and were to be received back
by the state from purchasers of the land so offered for sale, and thus
to be gradually withdrawn from circulation and destroyed.
Public-domain text, read in full here on John Shaqi.
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