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Publicity, Debt, and Politics: The Old Regime and the French Revolution

In: A World of Public Debts

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  • Rebecca L. Spang

    (Indiana University)

Abstract

The French Revolution of 1789 both declared existing taxes illegitimate and vowed to honor the state’s existing debts. This tension between maintaining commitments and breaking with the past had the unintended effect of stimulating further innovation: the revolution spread from the fiscal regime, to the political, to the monetary, and then around again. Public debt was not an economic problem (the debt was larger and the tax burden heavier in Britain) but a political one.

Suggested Citation

  • Rebecca L. Spang, 2020. "Publicity, Debt, and Politics: The Old Regime and the French Revolution," Palgrave Studies in the History of Finance, in: Nicolas Barreyre & Nicolas Delalande (ed.), A World of Public Debts, edition 1, chapter 0, pages 37-55, Palgrave Macmillan.
    • Handle: RePEc:pal:psitcp:978-3-030-48794-2_2
    DOI: 10.1007/978-3-030-48794-2_2
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