Five Themes You Need to Know for 2007: The Final Report Card

High unemployment, low wages and sharp divisions between classes, from the Clergy (First Estate) to the Nobility (Second Estate) and the middle class and peasants (Third Estate) were all factors in the social unrest that exploded on Bastille Day, considered the beginning of the French Revolution.

Are we on the verge of our own "French Revolution"? Not hardly, and that's beside the point.

Rather, the theme we are focused on here is that we are operating under economic conditions that are in a relative sense quite similar to those leading up to the French Revolution.


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