T1: Louis and his court Flashcards
The Affair of the Diamond Necklace
1785
financial crisis reached a head, MA spent time on her model farm
1787-9
who appointed the controller-general?
Louis
what type of economist was Turgot?
physiocrat
Turgot appointed controller-general
1774
what financial reforms did Turgot introduce?
free trade in grain
why did Turgot’s free trade reforms fail?
coincided with bad harvests of 1774-5, caused price of grain to increase and violent unrest
what is an example of unrest as a result of Turgot’s reforms?
Flour Wars 1775- bakeries attacked, nobility accused of hoarding grain in areas surrounding Paris. over 17 days, 180 towns, villages and hamlets experienced unrest.
Turgot is forced to resign
1776
what did Turgot do that made Louis force him to resign?
tried to introduce property tax payable by all 3 estates- encroached on rights of 1st and 2nd. Parlements refused to sanction. (1776)
Turgot attempts to introduce reforms that introduce a property tax payable by all 3 estates- encroaches on privileges of 1st and 2nd
1776
what years was Turgot controller general?
1774-6
Necker is appointed minister of finance (controller-general)
1776
what report does Necker publish
Compte rendu au roi
Necker publishes Compte rendu au roi
1781
stats in Compte rendu au roi?
claimed surplus of 10 mill livres, actually a deficit of 46 mill livres - CONCELAED DEBTS
what were the consequences of Necker’s Compte rendu au roi?
- gained popular support
- increased loans to the state from financiers
- but increased debt even more!
what did Necker do that meant he was forced to resign?
attempted to abolish venal titles (1781)
what year did Necker attempted to abolish venal titles and was forced to resign
1781
Calonne made controller-general
1783