FINANCIAL AND ECONOMIC POLICIES Flashcards

1
Q

Taxation

A
  • Napoleon had to maintain a high-level of taxation because of the cost of war
  • in 1807 Napoleon’s officials began drawing up a new cadastre to measure the value of land in order to calculate the land tax this may tax collection Farah and made sure that farmers were tax correctly on the land that they increased
  • tax collectors and inspectors were appointed for each department and paid in proportion to the taxes they collected. They were also subject to inspection of central government.
  • constitution of year establish the commission to take responsibility for the accountant of state revenue and expenditure 
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2
Q

Bank of France

A
  • in January 1800 Napoleon established the bank of France, its main purpose was to produce and control and national currency of gold and silver coins. Its monetary control and responsible behaviour were a considerable boost to the French economy and by controlling the sale of government bonds. It also insured that Napoleon could raise loans at reasonable interest by guarantee in the repayments. From 1808, sub branches were set up in other towns where trade was grown and more cash fluidity was needed
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3
Q

Significance of the bank of France

A

The Bank of France played a significant role in stabilizing the French economy and supporting the government’s financial policies. The bank’s establishment under Napoleon Bonaparte helped consolidate the government’s control over monetary matters, contributing to economic stability and growth in France during that period.

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4
Q

Economic growth

A
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5
Q

The impact of war and the continental system

A
  • ## Napoleon paid for his wars by tightening taxation, conscripting soldiers at lower wages, taking out loans, selling land and taking what he could from conquered territories
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6
Q

What limited economic change

A
  • there was limited demand because the mass of population was still tied to farming was heavily taxed and had slow standard of living
  • Industrial work was unattractive since that was a ban on trading irons and living conditions in towns and cities were poor
  • 
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