Financial Ministers Flashcards
Did turbot achieve anything
Reduced deficit and negotiated a low instead loan of 4% with Dutch bankers in 1776
How did turgot reduce deficit
Cut Royal expenses
Demanded government departaments submit their expenditure for review
Removal and reduction of pensions
Turgots six edicts
TO tax ALL and grant every man the right to work without restriction, 4 edicts concerned suppressing dues and offices
Which of turgot’s edicts were met with the most reaction
5TH: repressing guilds
6th: abolishing the corvée in favour of tax paid by land owners
How did Paris p react to six edicts
2 remonstrances
But Louis pushed through with a lit de justice !!
So why didn’t six edicts go thru if there was a lit de justice
He made enemies including Marie Antoine and was forced to send in resignation - edicts forgotten
Was necker the controller general
No!!!!! DIRECTOR GENERAL
who were the controller generals? Who was THE director general !!
Controller generals = turgot calonne Brianne
Director general - NECKER
Good things necker did
Reduced corruption and targeted venality however it was traditionally venal officials who lent money whoops but he appointed salaried officials rather than Venals to run royal estates
Cut pensions and household
REMOVED VINTIENE
What was neckers big ol mistake
Compte rendu!!!
How many copies of compte rendu sold within a matter of weeks
100,000 copies within in weeks
Necker was determined not to raise taxes for war so what did he do
Disguised frances high interest payments as normal expenditure so France appeared to be in a strong financial position
Compte rendu suggested how much surplus
Tht France had a 10 million livres surplus instead of a deficit
How did calonne differ to turgot and necker
More traditional and didn’t oppose ancien regime
Ready to support pensions and extravagant public spending
What did Louis think of calonne’s 1786 reform package
Supported it!