Moreover, all securities underwent such sharp depreciation that, on the one hand, the government hesitated to hand over the bonds representing the purchase-price of the railways, lest such an addition to the volume of stocks should cause further depreciation, and, on the other, the former owners of the nationalized lines found the character of their bargain greatly changed.
It was said in 1859 that the church owned one-third of the real and personal property of the republic. The reform laws of that year nationalized its property, abolished its numerous orders and institutions and deprived it of state support and of all participation in political affairs.
These disputes, involving as they did the question of the relative powers of Congress and the states, tended to turn the Democratic-Republicans, who were becoming nationalized, back again toward their old state sovereignty principles - to prepare the way for the Jacksonian-Democratic Party.
He encouraged and nationalized the military orders.
Tithes, many hereditary privileges and all monopolies were abolished; every convent was closed and its property nationalized; the Jesuits, who had returned after the death of Pombal, were again expelled; the charter of 1826 was restored.
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