The most notable consequences of French revolution were the destruction of feudalism and establishment of capitalism and democracy. All feudal vestiges, rights and privileges were wiped out and peasants emancipated of ecclesiastical and seigniorial freedom leading to establishment of democracy. On the other hand, capitalism replaced monopoly, from which feudal landed property was suppressed setting free the small direct manufacturers. In addition, social changes were achieved whereby the provincial particularism and local privileges were shattered.
Due to enlightenment, mankind viewed that every person was by nature, equal in virtue and self-respect and was vested with innate and unalienable rights of property, liberty and life. The absolutism view that monopoly of trade should be restricted to a particular class of society (nobles) faded and mankind viewed capitalism, whereby economy is left to concepts of nature to reorganize itself, was the only way to economic success.