Finance

Question 1

Briefly Describe how necker handle finances

Answer 1

Getting rid of Vingtieme d’industries

Loaning money on security

Loans to handle debt

Question 2

Biggest financial problems

Answer 2

• custom Barrier; hard to keep track of different taxes

Income tax

Deficit; lot of money borrowed

Question 3

Who controlled finance from 1776- 81 and what did he do (4)

Answer 3

Necker

Wanted to scrap Vingtieme d’industrie
Equal taille, capitation
Monts de piete; loaning money on security
Borrowed to fund for wars

Question 4

What was published by Necker in in 1781 and what impact did it have (5)

Answer 4

Compte Vendu

Accounts government income and spending

First account of crown spending to public

Still included lies and misleading stats to make government seem more stable

His loans

Question 5

Who was controller-general 1774-6

Answer 5

Turgot

physiocrat

Did not want involvement in AWOI

Makes taxes more equitable

Question 6

Who was controller-general 1783-87

Answer 6

Calonne

Called assembly of Notables for reform; but Noblemen denied them and instead wanted Estates-General

Criticised massively for debt and sacked. Exiled to Lorraine until 1802

Question 7

Who controlled finances from 88- 89

Answer 7

Necker

Called Estates general 1789

Didn’t include 3rd estate and good reforms so was disliked

Dismissed in July 89 which many angered by; one reason for storming of Bastille