Problem post unification: govt indebtness Flashcards
1
Q
Following unification, what did the LG absorb?
A
All of the independent states’ foreign affairs, including their DEBTS
2
Q
What was the total debts of unification?
A
1500M lire
3
Q
Why was there a need to find substantial amounts of money?
A
to pay for military and public expenditure
4
Q
Why did the govt had to increase taxation and raise new loans in 1862?
A
there was a major SHORTFALL between govt income and expenditure- insufficient funds
5
Q
What tax was imposed in 1868?
A
grist tax on corn
6
Q
What was the impact of the 1868 grist tax?
A
- led to a fall in living standards
- hit the S hardest
- increase in price of bread meant some faced STARVATION