Heller - Chapter 05
Reviewing the overall economic performance of the new revolutionary
regime from 1789 to 1799 one must at once acknowledge that it was
marked by much disruption, turmoil, and hardship. It could hardly have
been otherwise during a period of almost constant foreign and civil
wars that were accompanied by enormous social and political changes.
Property and social relations, the administration of government,
educational institutions, and the systems of jurisprudence and banking
were all dramatically transformed. It would appear that the Revolution
of 1789, like most revolutions, was not conducive to short term
economic growth. On the other hand, to judge such an inherently
catastrophic event merely in terms of their immediate economic results,
as some do, would appear to be foolishly economistic. Political and
social restructuring is what revolutions are all about.