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what is an economic effects for the french revolution in ap world history
The French Revolution had several economic effects. First, the revolution led to the abolition of feudal dues and privileges, which affected the economic structure as the old feudal economic system was disrupted. The assignat (a form of paper currency) was introduced, but its over - issuance led to inflation, hurting the economy in the short - term. Also, the revolution spurred changes in land ownership; many lands of the nobility and the church were confiscated and sold, which redistributed wealth and changed the agricultural and land - based economic landscape. In the long - run, it paved the way for capitalist economic development in France as the feudal barriers to trade and industry were reduced.
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- Abolition of Feudal Dues and Privileges: Disrupted the old feudal economic system, removing economic barriers for the emerging capitalist class.
- Inflation due to Assignats: Over - issuance of the revolutionary paper currency (assignats) led to high inflation, devaluing money and harming the economy in the short - term.
- Land Redistribution: Confiscated lands of nobles and the church were sold, redistributing wealth and changing the agricultural economic structure, promoting a more capitalist - oriented land ownership system.
- Long - term Capitalist Development: Reduced feudal barriers to trade and industry, laying the groundwork for France's capitalist economic growth.