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

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2
Q

What was the total debts of unification?

A

1500M lire

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3
Q

Why was there a need to find substantial amounts of money?

A

to pay for military and public expenditure

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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

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5
Q

What tax was imposed in 1868?

A

grist tax on corn

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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
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