Discuss on Struggle Between Old Landed Nobility and the New Monied Interests


Struggle Between Old Landed Nobility and the New Monied Interests

By the vast debt of France a great monied interest had insensibly grown up, and with it a great power. By the ancient usages which prevailed in that kingdom, the general circulation of property, and in particular the mutual convertibility of land into money, and of money into land, had always been a matter of difficulty. Family settlements, rather more general and more strict than they are in England, … the great mass of landed property held by the crown, and, by a maxim of the French law, held unalienably, the vast estates of the ecclesiastical corporations — all these had kept the landed and monied interests more separated in France,… and the owners of the two distinct species of property not so well disposed to each other as they are in this country.

 

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