finance ministers Flashcards
For what period was Turgot finance minister
1774-76
What effective economies was Turgot able to make
- cut royal expenses
- demand that gov departments submit their expenses to the controller general
- removal or reduction of a number of pensions
- some reforms of the tax-farming system to increase efficiency
Which of Turgot’s proposals was met with a lot of resistance
Six Edicts
What was the nature of the Six Edicts
four of the edicts were concerned with suppressing dues and offices
the two that were met with the most opposition were the 5th (suppressed the guilds) and 6th which abolished the corvee in favour of a tax paid my land owners
What is a remonstrance
a document sent by a parlement to the monarch protesting against a royal decree or details of that decree
Who opposed the most to the six edicts
paris parlement
How were the six edicts eventually registered
lit de justice- March 1776
When was Turgot ordered to hand in his registration
May 1776
In what period was Necker first finance minister
1777-1781
How did Necker continue Turgot’s cost cutting measures
- reducing royal household expenses and pensions
- appointing salaried officials rather than venal corporations to run the royal estates
- removing the vingtieme on industry
What other reforms did Necker try to make
tried to make royal accounting system more professional
restructured financial administration- reduced no of collective bodies and replaced venal accounts with paid secretaries
reduced no of tax farmers from 60 to 40 and abolished the 48 posts of receiver generals of direct taxes replacing them with 12 salaried officials who had to submit their receipts to Necker
How much were tax farmers reduced by under Necker
from 60 to 40
When was the compte rendu au roi published
1781
How many copies had been sold of the Compte Rendu within weeks of it being published
100,000
What was the problem with Necker’s Compte Rendu
Necker’s statement was inaccurate
