Week 4- Financial and political problems and policies Flashcards
What happened to the value of assignats?
By the end of 1795, the remaining assignats in circulation had become worthless.
What economic problems did the Directory inherit?
An unbalanced budget and problems with tax-collection.
This was made worse by the expenses of war.
What issues were there with trade?
Trade was compromised by war and the British Naval blockade.
When did the directory introduce mandats?
In February 1796, 800-million francs worth of mandats were released.
Why did the mandats fail?
They were quickly counterfeited and lost their value.
This alienated the bourgeoisie who the directory relied on for political support.
What did the Directory replace the mandats with?
Metal currency
What issues were there with metal currency?
They halted inflation but there was not enough in circulation which hindered trade.
How did the directory try to regulate trade?
In 1795, weights and measures were standardised.
This brought down the price of grain.
Who was the finance minister at the time?
Vincent Ramel
What did Vincent Ramel do as finance minister?
He reorganised the taxation system in 1798.
This made the assessment and collection of direct taxation more efficient.
Which two groups were a threat to the Directory?
Royalists and Jacobins,
Their only supporters were from the bourgeoisie.
When did the Royalists rise up against the directory?
The rising in the Vendémiaire in October 1975
What was the significance of the rising in the Vendémiaire?
Showed how much royalism had grown since the Terror.
How did the Directory supresses the Royalist rising?
General Hoche and his army were called upon in 1795-96 to deal with the royalists.
How did the Directory view Jacobinism?
They initially tolerated Jacobins such as Gracchus Babeuf.
However, in early 1796, when he began calling for a revival of the Terror, he was guillotined.