Economic Problems And Royal Finance

Question 1

Problems with French economy in 1770’s/80’s:

Answer 1

Predominantly agricultural
Low farm yield - agricultural overpopulation
Over taxed peasants used old agricultural practices
State imposed regulations - limited industries to certain cities
25,000 different units of measure in France before 1789
Lacked rivers and canals to carry goods, especially grain

Question 2

What was the taille personelle?

Answer 2

Tax paid on the estimated annual value of possessions

Question 3

What was capitation?

Answer 3

Poll tax

Question 4

What was vingtième?

Answer 4

A 5 per cent levy