Law of the Maximum
E494822
The Law of the Maximum was a French Revolutionary price-control measure that fixed maximum prices on essential goods to curb inflation and protect the urban poor.
Statements (27)
| Predicate | Object |
|---|---|
| instanceOf |
French Revolutionary legislation
ⓘ
price control law ⓘ |
| aimedAt |
controlling the cost of living
ⓘ
preventing speculation ⓘ |
| appliesTo | essential goods ⓘ |
| associatedWith |
economic controls during the Reign of Terror
ⓘ
radical phase of the French Revolution ⓘ |
| beneficiary | urban poor ⓘ |
| country | France ⓘ |
| economicPolicyType | price ceiling ⓘ |
| effectOnMarket |
discouragement of production and supply
ⓘ
distortion of market prices ⓘ |
| hasConsequence |
black market activity
ⓘ
tensions between producers and consumers ⓘ |
| historicalPeriod | French Revolution NERFINISHED ⓘ |
| implementedBy | revolutionary government of France ⓘ |
| legalNature | emergency economic measure ⓘ |
| motivatedBy |
rapid price increases
ⓘ
wartime shortages ⓘ |
| policyInstrument | state intervention in pricing ⓘ |
| purpose |
to curb inflation
ⓘ
to protect the urban poor ⓘ |
| regulates |
foodstuffs
ⓘ
maximum prices ⓘ other basic necessities ⓘ |
| targetGroupProtected |
sans-culottes
ⓘ
urban workers ⓘ |
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
maximum on prices