Planning the French Canals: The “Becquey Plan” of 1820–1822

Author:

Geiger Reed

Abstract

France's canal age was largely the outgrowth of the plan proposed by François Becquey, the state administrator who orchestrated a successful campaign to convince influential Frenchmen that a nationwide canal network was one of the essential tasks of their generation. As Becquey originally conceived his plan, canal building would directly contribute to economic growth and help foster a spirit of business enterprise. In the end he had to settle for a scheme under which the government paid a steep price to a handful of financial consortia for the right to assume all the risks and costs of building and operating the system itself.

Publisher

Cambridge University Press (CUP)

Subject

Economics, Econometrics and Finance (miscellaneous),Economics and Econometrics,History

Reference44 articles.

1. For the Becquey-Legrand relationship see Beugnot, Becquey, pp. 271–72, 289–91.

2. See Becquey's disappointed and impolitic words in 1822 about the “naturally timid” nature of French investors in A.P., vol. 37, p. 264.

3. Becquey, speaking for the 1822 canal bill, 8 July 1822, A.P., vol. 37, p. 263. The words “capitaliste” and “spéculateur” had then a neutral or even benign connotation.

4. Charle, Les hauts foncrionnaires, pp. 247–50. For Becquey's one important speech during these debates see A.P., vol. 37, pp. 260–69.

5. Becquey, Rapport, pp. 13–14; Beugnot, Becquey, pp. 177–79.

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