Ancien Regime Finance Flashcards

1
Q

1700 population

A

21.5 million

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2
Q

1780s population

A

27 million

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3
Q

Trading ports

A

Marseilles, Nantes, Le Havre, Bordeaux.

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4
Q

Discounting bills of exchange

A

1776 - Caisse d’Escompte founded

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5
Q

Units of measurement before 1789

A

25,000

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6
Q

Failure of the vintage

A

1778

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7
Q

Disastrous winters

A

1785-89

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8
Q

Worst harvest in 40 years

A

July 1788

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9
Q

Direct taxes

A

Capitation (poll tax), Vingtieme (5% income levy), Taille (land tax).

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10
Q

Indirect taxes

A

Gabelle (salt tax), Tabac (tobacco tax), Aides (consumer goods), Domaine (crownlands tax), Traite (customs), Timbre (stamp tax), Octrois (Customs on imports).

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11
Q

1715 debt

A

2 billion livres

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12
Q

Annual interest payment on 1715 debt

A

165 million livres

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13
Q

War of the Austrian Succession

A

1740-48

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14
Q

Seven Years’ War

A

1756-63

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15
Q

Costs of Seven Years’ War

A

1.3 billion livres. Loss of all French colonies in North America.

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16
Q

1764 debt

A

2.3 billion livres

17
Q

1783 Treaty of Paris debt

A

3.3 billion livres