The Financial System Flashcards
1
Q
In the old order what did the economy depend on?
A
The systems of taxation
2
Q
What the problem with tax collectors?
A
They did as they pleased and pocketed large sums of money for their own use. In France only one third of the taxes collected reached the State coffers. This effected the economy.
3
Q
True or false and elaborate further
There was no internal free trade
A
Within a province there were numerous customs barriers and high custom duties on goods for exports.
4
Q
Why was France in huge debt?
A
Involvement in a number of wars
