Pls
Q.1. What were the reasons of financial crisis during the rule of louis 16?
Dear Student,
The following points may help you:
a. Louis XVI of the Bourbon family of kings became king of France in 1774. When he inherited the throne there was a growing discontent within the society of the Old Regime.
b. The king inherited an empire with empty royal treasury, yet maintained extravagant lifestyle.
c. Louis XVI, helped American colonies to gain Independence which further aggrevated problems and added to the misery putting the state under huge debt.
d. In order to deal with economic crisis, the French governemnt imposed more taxes burdening the people.
e. Taxes were imposed to maintain the army, court, universities.
f. Further, the French society was characterised by grave social and economic disparities.
g. The third estate which primarily comprised of the peasants, who were mainly engaged in subsistence farming, owned no land and were deprived of political rights. Peasants were burdened with heavy taxes, tithes, feudal dues, offered services to the Lords.
h. Bad harvest, crop failure brought them on the brink of starvation.
i. The cultivation and production of grains could not meet the growing demand of the society resulting in hike in prices, resulting in food riots and rising dissatisfaction among the people.
j. Droughts , hails further aggravated the problem effecting the harvest resulting in subsistence crisis.While the National Assembly had convened, France witnessed economic crisis due to extreme winters which resulted in the crop failure, bad harvest.
k. This was followed by increase in prices, peasants uprising who looted,hoarded grains. This situation could certainly be referred as hyper inflation as, during this time, Old regime faced serious monetary and fiscal deficit
l. The value of French currency had also depreciated and also there was not enough money being circulated, causing further trouble and aggravating problems.
Regards
The following points may help you:
a. Louis XVI of the Bourbon family of kings became king of France in 1774. When he inherited the throne there was a growing discontent within the society of the Old Regime.
b. The king inherited an empire with empty royal treasury, yet maintained extravagant lifestyle.
c. Louis XVI, helped American colonies to gain Independence which further aggrevated problems and added to the misery putting the state under huge debt.
d. In order to deal with economic crisis, the French governemnt imposed more taxes burdening the people.
e. Taxes were imposed to maintain the army, court, universities.
f. Further, the French society was characterised by grave social and economic disparities.
g. The third estate which primarily comprised of the peasants, who were mainly engaged in subsistence farming, owned no land and were deprived of political rights. Peasants were burdened with heavy taxes, tithes, feudal dues, offered services to the Lords.
h. Bad harvest, crop failure brought them on the brink of starvation.
i. The cultivation and production of grains could not meet the growing demand of the society resulting in hike in prices, resulting in food riots and rising dissatisfaction among the people.
j. Droughts , hails further aggravated the problem effecting the harvest resulting in subsistence crisis.While the National Assembly had convened, France witnessed economic crisis due to extreme winters which resulted in the crop failure, bad harvest.
k. This was followed by increase in prices, peasants uprising who looted,hoarded grains. This situation could certainly be referred as hyper inflation as, during this time, Old regime faced serious monetary and fiscal deficit
l. The value of French currency had also depreciated and also there was not enough money being circulated, causing further trouble and aggravating problems.
Regards