The Continental System: An Economic Interpretation
France (2)
20th Century Eli F. Heckscher EnglishIt follows that the effects of the Continental System in the country of Napoleon's heart, that is, in France itself, were all that a protectionist policy pursued with absolute ruthlessness can involve for a country that adopts it. When we say 'France' here we use it as an abbreviation for the old French monarchy and the French acquisitions of the revolutionary period, i.e., including Belgium and the left bank of the Rhine but not, in the main, the conquests of the consulate and the empire, which were otherwise treated. The effects here were bound to be the typical consequences of an embargo policy; and, as appears from what has just been said, such a policy directed not only against the supply of goods by sea and from lands beyond the seas, but also to a large extent against the supply of goods by land and from the other continental states. We might here foresee that the situation must be characterized as that of economic self-sufficiency and of a hothouse development of industrial production.