Guerre Des Farines
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Guerre Des Farines
The Flour War refers to a wave of riots from April to May 1775, in the northern, eastern, and western parts of the Kingdom of France. It followed an increase in grain prices, and subsequently bread prices; bread was an important source of food among the populace. Contributing factors to the riots include poor weather and harvests, and the withholding by police of public grain supplies from the royal stores in 1773–1774. This large-scale revolt subsided following wheat price controls imposed by Anne-Robert-Jacques Turgot, Baron de Laune, Turgot, Louis XVI's Controller-General of Finances (before the supply recovered), and the deploying of military troops. The Flour War was part of a broader social and political crisis during the Ancien Régime. Recent analyses tend to treat this event not only as a revolt caused by hunger, but also as a prelude to the French Revolution. Causes In Ancien Régime France, bread was the main source of food for poor peasants and the king was requir ...
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Kingdom Of France
The Kingdom of France ( fro, Reaume de France; frm, Royaulme de France; french: link=yes, Royaume de France) is the historiographical name or umbrella term given to various political entities of France in the medieval and early modern period. It was one of the most powerful states in Europe since the High Middle Ages. It was also an early colonial power, with possessions around the world. France originated as West Francia (''Francia Occidentalis''), the western half of the Carolingian Empire, with the Treaty of Verdun (843). A branch of the Carolingian dynasty continued to rule until 987, when Hugh Capet was elected king and founded the Capetian dynasty. The territory remained known as ''Francia'' and its ruler as ''rex Francorum'' ("king of the Franks") well into the High Middle Ages. The first king calling himself ''rex Francie'' ("King of France") was Philip II, in 1190, and officially from 1204. From then, France was continuously ruled by the Capetians and their cadet lin ...
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Physiocracy
Physiocracy (; from the Greek for "government of nature") is an economic theory developed by a group of 18th-century Age of Enlightenment French economists who believed that the wealth of nations derived solely from the value of "land agriculture" or " land development" and that agricultural products should be highly priced. Their theories originated in France and were most popular during the second half of the 18th century. Physiocracy became one of the first well-developed theories of economics. François Quesnay (1694–1774), the marquis de Mirabeau (1715–1789) and Anne-Robert-Jacques Turgot (1727–1781) dominated the movement,Steiner (2003), pp. 61–62 which immediately preceded the first modern school, classical economics, which began with the publication of Adam Smith's ''The Wealth of Nations'' in 1776. The physiocrats made a significant contribution in their emphasis on productive work as the source of national wealth. This contrasted with earlier schools, in part ...
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Dijon
Dijon (, , ) (dated) * it, Digione * la, Diviō or * lmo, Digion is the prefecture of the Côte-d'Or department and of the Bourgogne-Franche-Comté region in northeastern France. the commune had a population of 156,920. The earliest archaeological finds within the city limits of Dijon date to the Neolithic period. Dijon later became a Roman settlement named ''Divio'', located on the road between Lyon and Paris. The province was home to the Dukes of Burgundy from the early 11th until the late 15th centuries, and Dijon became a place of tremendous wealth and power, one of the great European centres of art, learning, and science. The city has retained varied architectural styles from many of the main periods of the past millennium, including Capetian, Gothic, and Renaissance. Many still-inhabited town-houses in the city's central district date from the 18th century and earlier. Dijon's architecture is distinguished by, among other things, '' toits bourguignons'' (Burgu ...
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Paris Basin
The Paris Basin is one of the major geological regions of France. It developed since the Triassic over remnant uplands of the Variscan orogeny (Hercynian orogeny). The sedimentary basin, no longer a single drainage basin, is a large sag in the craton, bordered by the Armorican Massif to the west, the Ardennes-Brabant axis to the north, the Massif des Vosges to the east, and the Massif Central to the south.Duval, B.C., 1992, Villeperdue Field, In Giant Oil and Gas Fields of the Decade, 1978-1988, AAPG Memoir 54, Halbouty, M.T., editor, Tulsa: American Association of Petroleum Geologists, Extent The region usually regarded as the Paris Basin is rather smaller than the area formed by the geological structure. The former occupies the centre of the northern half of the country, excluding Eastern France. The latter extends from the hills just south of Calais to Poitiers and from Caen to the brink of the middle Rhine Valley, east of Saarbrücken. Geography The landscape is one of ...
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George Rudé
George Rudé (8 February 1910 – 8 January 1993) was a British Marxism, Marxist historian, specializing in the French Revolution and "history from below", especially the importance of crowds in history.George Rudé (1964). ''The Crowd in History. A Study of Popular Disturbances in France and England, 1730–1848''. New York: Wiley & Sons. Early life Born in Oslo, the son of Jens Essendrop Rude, a Norwegian engineer, and Amy Geraldine Elliot, an English woman educated in Germany, Rudé spent his early years in Norway. After World War I, his family moved to England, where he was educated at Shrewsbury School and Trinity College, Cambridge. A specialist in modern languages, he taught at Stowe School, Stowe and St Paul's School (London), St. Paul's schools. After completing university, Rudé took a trip to the Soviet Union with friends. When he returned he was a "committed Communist and anti-Fascist", despite his family's fairly conservative political views. Career In 1935 Rudé ...
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Pacte De Famine
''Pacte de Famine'' (, ''Famine Pact'') was a conspiracy theory adopted by many living in France during the 18th century. The theory held that foods, especially grain, were purposely withheld from them, for the benefit of privileged interest groups. During this period French citizens obtained much of their nourishment from grain.Kaplan 1–2, 52 History The famine plot has roots in pre-revolutionary France, while some of its strongest manifestations were evident during the 1760s and 1770s. The collective mentality surrounding this conspiracy served as a tool for French citizens to make sense of the political environment at the time. Between 1715 and 1789 the population of France increased by 6 million, from 22 million to 28 million. Population growth and demographic changes during the 18th century help to explain the high demand for food, and lack of food supply at the time. Many faced hunger due to scarcity of food, and found it difficult to fend off illness. At times "bad grain ...
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Just Price
The just price is a theory of ethics in economics that attempts to set standards of fairness in transactions. With intellectual roots in ancient Greek philosophy, it was advanced by Thomas Aquinas based on an argument against usury, which in his time referred to the making of any rate of interest on loans. It gave rise to the contractual principle of '' laesio enormis''. Unjust price: a kind of fraud The argument against usury was that the lender was receiving income for nothing, since nothing was actually lent, rather the money was exchanged. And, a dollar can only be fairly exchanged for a dollar, so asking for more is unfair. Aquinas later expanded his argument to oppose any unfair earnings made in trade, basing the argument on the Golden Rule. The Christian should "do unto others as you would have them do unto you", meaning he should trade value for value. Aquinas believed that it was specifically immoral to raise prices because a particular buyer had an urgent need for what ...
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Cornering The Market
In finance, cornering the market consists of obtaining sufficient control of a particular stock, commodity, or other asset in an attempt to manipulate the market price. One definition of cornering a market is "having the greatest market share in a particular industry without having a monopoly". Companies that have cornered their markets have usually done so in an attempt to gain greater leeway in their decisions; for example, they may desire to charge higher prices for their products without fears of losing too much business. The cornerer hopes to gain control of enough of the supply of the commodity to be able to set the price for it. Strategy and risks Cornering a market can be attempted through several mechanisms. The most direct strategy is to buy a large percentage of the available commodity offered for sale in some spot market and hoard it. With the advent of futures trading, a cornerer may buy a large number of futures contracts on a commodity and then sell them at a profi ...
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Hoarding (economics)
Hoarding in economics refers to the concept of purchasing and storing a large amount of product belonging to a particular market, creating scarcity of that product, and ultimately driving the price of that product up. Commonly hoarded products include assets such as money, gold and public securities, as well as vital goods such as fuel and medicine. Consumers are primarily hoarding resources so that they can maintain their current consumption rate in the event of a shortage ( real or perceived). Hoarding resources can prevent or slow products or commodities from traveling through the economy. Subsequently, this may lead to the product or commodity to becomes scarce, causing the value of the resource to rise. A common intention of economic hoarding is to generate a profit by selling the product once the price has increased. Hence, economic speculators tend to hoard products that are inelastic in price so that when the price of the product does increase, the demand for that product ...
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Speculation
In finance, speculation is the purchase of an asset (a commodity, good (economics), goods, or real estate) with the hope that it will become more valuable shortly. (It can also refer to short sales in which the speculator hopes for a decline in value.) Many speculators pay little attention to the fundamental value of a security and instead focus purely on price movements. In principle, speculation can involve any tradable good or financial instrument. Speculators are particularly common in the markets for stocks, bond (finance), bonds, commodity futures, currency, currencies, fine art, collectibles, real estate, and derivative (finance), derivatives. Speculators play one of four primary roles in financial markets, along with hedge (finance), hedgers, who engage in transactions to offset some other pre-existing risk, arbitrageus who seek to profit from situations where Fungibility, fungible instruments trade at different prices in different market segments, and investors who s ...
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Laissez-faire
''Laissez-faire'' ( ; from french: laissez faire , ) is an economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies) deriving from special interest groups. As a system of thought, ''laissez-faire'' rests on the following axioms: "the individual is the basic unit in society, i.e. the standard of measurement in social calculus; the individual has a natural right to freedom; and the physical order of nature is a harmonious and self-regulating system." Another basic principle of ''laissez-faire'' holds that markets should naturally be competitive, a rule that the early advocates of ''laissez-faire'' always emphasized. With the aims of maximizing freedom by allowing markets to self-regulate, early advocates of ''laissez-faire'' proposed a ''impôt unique'', a tax on land rent (similar to Georgism) to replace all taxes that they saw as damaging welfare by penalizing production. Proponents of ''l ...
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