Economic History Of France
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Economic History Of France
The economic history of France involves major events and trends, including the elaboration and extension of the manorialism, seigneurial economic system (including the Serfdom, enserfment of peasants) in the France in the Middle Ages, medieval Kingdom of France, the development of the French colonial empire in the France in the early modern period, early modern period, the wide-ranging reforms of the French Revolution and the Napoleonic Era, the competition with the United Kingdom of Great Britain and Ireland, United Kingdom and other neighboring states during industrialization and the extension of imperialism, the total wars of the late-19th and early 20th centuries, and the introduction of the welfare state and integration with the European Union Aftermath of World War II, since World War II. Medieval and early modern France experienced periods of economic growth, as well as challenges such as wars, plagues, and social inequality. The economy relied heavily on agriculture, trad ...
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Aftermath Of World War II
The aftermath of World War II saw the rise of two global superpowers, the United States (U.S.) and the Soviet Union (U.S.S.R.). The aftermath of World War II was also defined by the rising threat of nuclear warfare, the creation and implementation of the United Nations as an intergovernmental organization, and the decolonization of Asia, Oceania, South America and Africa by European and East Asian powers, most notably by the United Kingdom, French Fourth Republic, France, and Occupation of Japan, Japan. Once Allies of World War II, allies during World War II, the U.S. and the U.S.S.R. became competitors on the world stage and engaged in the Cold War, so called because it never resulted in overt, declared total war between the two powers. It was instead characterized by espionage, political subversion and proxy wars. Western Europe was rebuilt through the American Marshall Plan, whereas Central and Eastern Europe fell under the Soviet sphere of influence and eventually behind an " ...
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Merovingian
The Merovingian dynasty () was the ruling family of the Franks from around the middle of the 5th century until Pepin the Short in 751. They first appear as "Kings of the Franks" in the Roman army of northern Gaul. By 509 they had united all the Franks and northern Gallo-Romans under their rule. They conquered most of Gaul, defeating the Visigoths (507) and the Burgundians (534), and also extended their rule into Raetia (537). In Germania, the Alemanni, Bavarii and Saxons accepted their lordship. The Merovingian realm was the largest and most powerful of the states of western Europe following the breakup of the empire of Theodoric the Great. The dynastic name, medieval Latin or ("sons of Merovech"), derives from an unattested Frankish language, Frankish form, akin to the attested Old English , with the final -''ing'' being a typical Germanic languages, Germanic patronymic suffix. The name derives from Salian Franks, Salian King Merovech, who is at the center of many legends. Unl ...
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Manorialism
Manorialism, also known as seigneurialism, the manor system or manorial system, was the method of land ownership (or "Land tenure, tenure") in parts of Europe, notably France and later England, during the Middle Ages. Its defining features included a large, sometimes fortified manor house in which the lord of the manor and his dependants lived and administered a rural estate, and a population of labourers or Serfdom, serfs who worked the surrounding land to support themselves and the lord. These labourers fulfilled their obligations with labour time or in-kind produce at first, and later by cash payment as commercial activity increased. Manorialism was part of the Feudalism, feudal system. Manorialism originated in the Roman villa system of the Late Roman Empire, and was widely practised in Middle Ages, medieval western Europe and parts of central Europe. An essential element of feudal society, manorialism was slowly replaced by the advent of a money-based market economy and new ...
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Franks
file:Frankish arms.JPG, Aristocratic Frankish burial items from the Merovingian dynasty The Franks ( or ; ; ) were originally a group of Germanic peoples who lived near the Rhine river, Rhine-river military border of Germania Inferior, which was the most northerly province of the Roman Empire in continental Europe. These Frankish tribes lived for centuries under varying degrees of Roman hegemony and influence, but after the collapse of Roman institutions in western Europe they took control of a large empire including areas which had been ruled by Rome, and what it meant to be a Frank began to evolve. Once they were deeply established in Gaul, the Franks became a multilingual, Catholic Christian people, who subsequently came to rule over several other post-Roman kingdoms both inside and outside the old empire. In a broader sense much of the population of western Europe could eventually described as Franks in some contexts. The term "Frank" itself first appeared in the third cent ...
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Roman Empire
The Roman Empire ruled the Mediterranean and much of Europe, Western Asia and North Africa. The Roman people, Romans conquered most of this during the Roman Republic, Republic, and it was ruled by emperors following Octavian's assumption of effective sole rule in 27 BC. The Western Roman Empire, western empire collapsed in 476 AD, but the Byzantine Empire, eastern empire lasted until the fall of Constantinople in 1453. By 100 BC, the city of Rome had expanded its rule from the Italian peninsula to most of the Mediterranean Sea, Mediterranean and beyond. However, it was severely destabilised by List of Roman civil wars and revolts, civil wars and political conflicts, which culminated in the Wars of Augustus, victory of Octavian over Mark Antony and Cleopatra at the Battle of Actium in 31 BC, and the subsequent conquest of the Ptolemaic Kingdom in Egypt. In 27 BC, the Roman Senate granted Octavian overarching military power () and the new title of ''Augustus (title), Augustus'' ...
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Nicolas Sarkozy
Nicolas Paul Stéphane Sarközy de Nagy-Bocsa ( ; ; born 28 January 1955) is a French politician who served as President of France from 2007 to 2012. In 2021, he was found guilty of having tried to bribe a judge in 2014 to obtain information and spending beyond legal campaign funding limits during his 2012 re-election campaign. Born in Paris, his roots are 1/2 Hungarian Protestant, 1/4 Greek Jewish, and 1/4 French Catholic. Mayor of Neuilly-sur-Seine from 1983 to 2002, he was Ministry of the Economy and Finance (France), Minister of the Budget under Prime Minister Édouard Balladur (1993–1995) during François Mitterrand's second term. During Jacques Chirac's second presidential term, he served as Minister of the Interior (France), Minister of the Interior and as Minister of Finances (France), Minister of Finances. He was the leader of the Union for a Popular Movement (UMP) party from 2004 to 2007. He won the 2007 French presidential election by a 53.1% to 46.9% margin agai ...
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Eurozone
The euro area, commonly called the eurozone (EZ), is a Monetary union, currency union of 20 Member state of the European Union, member states of the European Union (EU) that have adopted the euro (Euro sign, €) as their primary currency and sole legal tender, and have thus fully implemented Economic and Monetary Union of the European Union, EMU policies. The 20 eurozone members are: : Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The seven non-eurozone members of the EU are Bulgaria, the Czech Republic, Denmark, Hungary, Poland, Romania, and Sweden. They continue to use their own national currencies, although all but Denmark are obliged to join once they meet the euro convergence criteria. Bulgaria is targeting to join the eurozone on 1 January 2026. Bulgaria is expected to become the 21st eurozone member from January 1, 2026. ...
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Jacques Chirac
Jacques René Chirac (, ; ; 29 November 193226 September 2019) was a French politician who served as President of France from 1995 to 2007. He was previously Prime Minister of France from 1974 to 1976 and 1986 to 1988, as well as Mayor of Paris from 1977 to 1995. After attending the , Chirac began his career as a high-level civil servant, entering politics shortly thereafter. Chirac occupied various senior positions, including minister of agriculture and minister of the interior. In 1981 and 1988, he unsuccessfully ran for president as the standard-bearer for the conservative Gaullist party Rally for the Republic (RPR). Chirac's internal policies initially included lower tax rates, the removal of price controls, strong punishment for crime and terrorism, and business privatisation. After pursuing these policies in his second term as prime minister, Chirac changed his views. He argued for different economic policies and was elected president in 1995, with 52.6% of the ...
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Dirigisme
Dirigisme or dirigism () is an economic doctrine in which the state plays a strong directive (policies) role, contrary to a merely regulatory or non-interventionist role, over a market economy. As an economic doctrine, dirigisme is the opposite of ''laissez-faire'', stressing a positive role for state intervention in curbing productive inefficiencies and market failures. Dirigiste policies often include indicative planning, state-directed investment, and the use of market instruments (taxes and subsidies) to incentivize market entities to fulfill state economic objectives. The term emerged in the post–World War II era to describe the economic policies of France which included substantial state-directed investment, the use of indicative economic planning to supplement the market mechanism and the establishment of state enterprises in strategic domestic sectors. It coincided with both the period of substantial economic and demographic growth, known as the Trente Glorieuses w ...
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Recession
In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale Anthropogenic hazard, anthropogenic or natural disaster (e.g. a pandemic). There is no official definition of a recession, according to the International Monetary Fund, IMF. In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom and Canada, a recession is defined as negative economic growth for two consecutive qu ...
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Indicative Planning
Indicative planning is a form of economic planning implemented by a state in an effort to solve the problem of imperfect information in market economies by coordination of private and public investment through forecasts and output targets. The resulting plans aim to supply economically valuable information as a public good that the market by itself cannot disseminate, or where forward markets are nonexistent. However, indicative planning takes only endogenous market uncertainty into account, plans the economy accordingly, and does not look into exogenous uncertainty like technology, foreign trade, etc. Indicative plans serve to complement and enhance the market, as opposed to replace the market mechanism, hence they are adopted in market-based and mixed economies and were most widely practiced in France and Japan before the 1980s. When utilizing indicative planning, the state employs "influence, subsidies, grants, and taxes o affect the economy but does not compel". Indicative p ...
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