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History 2403E Study Guide - Final Guide: Assignat, United States Treasury Security

Course Code
HIS 2403E
Jeffrey Temple
Study Guide

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Constitutional Monarchy
Early stages of the revolution- fairly moderate then becomes more radical
Tensions between old established order and forces of change
Once in motion- forces difficult to stop
Political and social crises addressed before economy
Constitutional monarchy= political change
Limited monarchy with constitutional checks
Property qualifications- active and passive citizens
Still-more democratic than the rest of Europe
August 4- nobles get rid of privileges= social change
Economic problems- bread prices still high and distribution problems
Debt getting worse- abolished old tax system before new one implemented
Venal offices abolished- compensation by the state (private property)
Sell land that belonged to the clergy to raise money
Doesn’t help peasants
Issue a treasury bond called the assignat -5% interest
Could be used to buy land later
Creditors could be forced to accept currency
Becomes a paper form of currency
Has value only as long as the Revolution survives- not to accept it makes you
Declaration of the rights of Man and Citizen
Civil constitution of the clergy
Constitution of 1791
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