2.1 Turgot - Necker - American War of Independence

Question 1

Cost of wars

Answer 1

The American War of Independence cost France over a billion livres by 1783

Question 2

Cost of borrowing

Answer 2

Since 1776, France had borrowed 1.25 billion livres, and had an annual deficit of 112 million livres

Question 3

Turgot on the dangers of war

Answer 3

The first gunshot will drive the state into bankruptcy

Question 4

Compte Rendu au Roi

Answer 4

Sold 20,000 copies in a few weeks
Disclosed financial information

Question 5

Simon Schama on the AWOI

Answer 5

a costly and fruitless activity