supply-side economics.
Various factors have contributed in France's economic problems prior to the 1789's Revolution, some of the major ones being:Poor agricultural harvestsGrowing costs of the American Revolution (mainly funded by France)Ageing economic system based on social estates
Connections to Scientific Revolution: The Enlightenment was a program to reform political, economic, and social aspects of European life by using the Scientific method established during the Scientific Revolution. The movement was based on the discoveries and knowledge of the Scientific Revolution.
Ronald Reagan
The Industrial Revolution was a period of major industrialization that took place from the late 18th to the early 19th century. It marked a shift from agrarian-based economies to ones driven by the manufacturing of goods in factories. This revolution brought about significant economic, technological, and societal changes, including the development of new machinery, increased urbanization, and the growth of the middle class.
The industrial revolution is the name is given to the massive social, economic, and technological changes starting in the latter part of 18th century and continuing into the 19th century. It began in Great Britain but spread to North America and elsewhere during the 19th century. The industrial revolution started as the manual-labor and draft-animal-based economy moved towards a machine-based manufacturing economy.
Economic systems are based on the reflection on the values, assumptions and goals of a particular culture.
Economic systems are based on the reflection on the values, assumptions and goals of a particular culture.
Simple progress of the Industrial revolution - eagerly embraced by the North, strongly resisted by the South, secure with their cotton revenues.
A tradition-based economic system is an economic system where economic decisions are based largely on cusom. The four economic questions are answered according to the traditions of the country. People produce and distribute goods in the ways that have been followed for hundreds of years by their ancestors.
France was in the midst of an economic crisis, taxes were to high and were based on an unfair tax code and bread could no longer be found at a price that the peasants could afford.
Customs and traditions.