There were, however, other measures passed in the spring of 1793,
which were little in harmony with Girondist ideas, and which owed
their origin to the Jacobins alone. Economic causes were at work to
increase the agitation in Paris. In spite of the sale of the Church
lands and of the property of the Emigrants, the financial position of
the Government was most unsatisfactory. The taxes were ill-paid. The
credit of the State had sunk very low. The expenses of the war and of
the administration were increasing every day. Specie was very difficult
to obtain. The Government, in consequence, fell back upon fresh issues
of Assignats, and the value of the Assignats steadily fell. At the same
time prices rose with alarming rapidity. Trade, already dislocated by
the confusion of the time, tended to leave Paris, where the Assignats
were most abundant. Speculation naturally increased. Large dealers,
contractors and capitalists made considerable profits by laying in
stores, by holding back commodities, and by turning the fluctuations
of the market to account. It is true that, early in 1793, wages began
to rise rapidly as well, because of the large drafts of men drawn from
Paris to the seat of war. But the wages of the working class were
paid not in money, but in depreciated Assignats; so that, while the
poor felt the rise in prices and the scarcity of food, and while they
resented the apparent prosperity of the dealers whose machinations
their leaders denounced, they did not feel the full advantage of the
rise in wages, and their angry discontent increased. The economics of
the destitute are always blind. They were easily persuaded that the
rich were profiting by a system which brought only suffering to them.
Public-domain text, read in full here on John Shaqi.
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