Unit 10 Flashcards
“After me, the flood.” Lost the Seven Years’ War
Louis XV
French monarch during French Revolution; he was guillotined in 1794
Louis XVI
the negative difference between what a nation accumulates in tax revenue and what it spends in any given year
annual deficit
total accumulated deficits
national debt
condition under which you pay your creditors a reduced amount or you pay them nothing at all; results in ruined credit
bankruptcy
the concept that political power is derived from the people
popular sovereignty
states that people enter into a contract with those who govern them when they elect them and that they may REVOLT if their rights are not upheld
social contract theory
outlined social contract theory in Two Treatises on Government
John Locke
Spirit of the Laws; argued for separation of powers
Baron de Montesquieu
well-educated middle class
bourgeoisie
term for pre-revolutionary France
ancien regime
corporate body comprised of the clergy
1st Estate
corporate body composed of the nobility
2nd Estate
corporate body composing 97% of French population
3rd Estate
giving 10% of income to Church
tithe
tax on salt
gabelle