Change in Land Ownership in France

Change in Land Ownership in France Name Affiliation Course Tutor Date Change in Land Ownership in France The French Revolution happening between 1789 and 1799 came with major elements in the nation, including abolishing of feudalism. The revolution impacted many transformations to the citizens of France than any other revolution ever in the entire world (Anirudh, 2019). The initial ownership of land involved peasants depending on the land and their lords and the aspect was not debatable. This revolution abolished the one-tenth of taxes paid to support the church on every annual produce because, in reality, the amount of income was way too much for one investment. Peasant farmers gained independence after the changes as they could earn substantial incomes from agricultural practices. The rural areas in France got a major transformation with the lands owned by the church going to independent farmers. All the farmers developed full capacity over the pieces of land owned without any interference from the prior nobles and the church officials in the name of tax collections. The French Revolution swept away feudalism to grant peasant farmers liberty and enhance fraternity and equality in the country in terms of property ownership. In 1789, the revolutionary government made its first move by seizing the land owned by the church and redistributing the pieces through auction. The church owned the better part of the land of about 6.5% of the land in the entire nation before the auctioning making it hard for other citizens to acquire some properties (Fernholz, 2017). The Catholic Church officials and nobles collected taxes from everyone in the state as they had a great feeling of complete ownership of all the property existing France. The government had not realized the economic stagnation resulting from the manorialism practised in the nation at that time and that some slight changes would result in a tremendous transformation. These pieces of land could serve a tremendous number of citizens in France rather than remaining under the ownership of one institution. The individuals implementing the revolution process went a further step to track the tools and equipment used in the yielding of high agricultural products from the church and took a further step to redistribute the items to all the peasant farmers. This action produced very high investments than the profits earned from the previous owners over a long period. The teams encountered a problem of inequality in the size of farms also and implemented a fragmentation exercise to curb the challenge leading to fair distribution. Although bargaining should lead to optimal results despite the designate institution in the economics of law, optimal outcomes occur in the absence of transaction costs only. However, no deal can ever get down without incurring the cost and in most cases, the high cost involved in contract signing pull out two potential investors away from a highly beneficial deal. For instance, large scale holders of the lands in France focused on lending the land to small peasants but the small pieces could not yield large scale irrigation farms or any other achievements due to the high feudal collections from the outcomes made by the authorities hence the farmers did not have en...