1792 to 1815 · Pre-Revolutionaryspan
Twenty three years of war close a long economic expansion
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The expansion of the world economy that began in the first half of the eighteenth century and accelerated after 1750 ended, in Wallerstein's account, in the Franco British wars of 1792 to 1815, a stretch he describes as profitable turbulence. The turbulence was profitable because war on that scale redistributed markets and destroyed competitors while demand for supplies stayed high. The base for the expansion had been laid in the previous century, when the core countries pulled the most valuable activities inside their own frontiers, drove marginal producers out and redistributed just enough revenue at home to lift demand. What the wars settled was which of the two contenders would hold the advantage afterwards. They also emptied the Caribbean of French naval protection for years at a time, which is one of the conditions under which the enslaved population of Saint-Domingue fought and won.