Arnaud Deseau
IRES/LIDAM, UCLouvain
will give a presentation on
The Most Important Event? The Long-Run Impact of the Dissolution of French Monasteries
Abstract:
During the French Revolution, a massive redistribution took place, where all Church property was confiscated and auctioned. As a result, some areas experienced a radical change in their ownership structure, while in others the pre-revolutionary ownership structure remained virtually unchanged. In this study, I use the auction of monastic properties to trace the economic and social consequences of this massive redistribution. I show that arrondissements with a larger redistribution shock experienced higher levels of industrial and agricultural productivity in the mid-19th century. I trace these increases in productivity to higher investments in steam power, more efficient land use, land tenure and greater land inequality. I also show that the redistribution had a positive effect on the number of economic elites and on the modernization of political preferences, consistent with a rise of the bourgeois class after the Revolution.