The King's Finances Flashcards
Direct taxes took … from peasants
10-15% of peasant’s gross product
Tithes were …
8% average tax
Calone told Louis on the … that France was on the verge of bankruptcy
20th August 1786
The revenue for 1786 was … whilst the deficit was …
475 million livres, and 587 million livres
The American War of Independence cost…
1 billion livres
War saw gap between income and expenditure increase to …
~160 million livres
Necker appointed…
Controller-General of Finance 1776
Doyle on Necker:
The man had an “opulence as a banker”
The Complete Rendu was published
February 1781
The Complete Rendu raised … by …
520 million livres in loans by May 1781
Schama on he Complete Rendu:
Neckers claims “the kind of spurious good cheer that led the French monarchy down the primrose path to perdition”