Financial And Political Problems Facing The French Government In 1787

1099 words - 4 pages

Financial and Political Problems Facing the French Government in 1787

In 1787, France was in deeply in debt, caused in the main due to the
conflicts in which it had partaken during the earlier years of the
eighteenth century. The conflicts, including the Spanish, Polish and
Austrian Successions, the Seven Years war, and the War for American
Independence, had cost France a massive amount of money, upto
6,000,000 livres. This money was borrowed, mainly from the
bourgeoisie: merchants, manufacturers, businessmen and financiers. The
loans taken out were at high interest rates, leading to over half of
the crowns' budget being spent on interest repayments, and, in order
to balance the books, further loans being taken out to cover the
deficit.

However, the main reason why France was in such a serious financial
position is probably due to the taxation system that was in use. The
First Estate (clergy) and Second estate (nobility) paid little or no
tax to the government, while the third estate paid by far the most.
Problems stem twofold from this, firstly, that the richer people in
the third estate wanted nothing more than to buy their way into the
second estate, thus avoiding the taxation net, and secondly meaning
considerable distress amongst the poor, who paid a majority of their
wages as tax, some estimates being as high as 65%. The result of high
taxes was the growth of movements in France for change, lead by
writers such as Jean Jack Rousseau, who conveyed his feelings about
the monarchy to the masses.

During the 1780's there was a series of bad harvests, at which point
grain prices would rise. The rise in grain prices meant that bread
prices would also rise, and therefore that more money would be spent
by the peasantry, in order to sustain themselves, on staple goods.
This fall in real income, and the lack of disposable income during the
1780's lead to falling consumer demand, and a collapse in the
manufacturing sector as a whole. For example, in 1787, textile
production fell by two thirds on the previous year, as people did
without new clothing et cetera as they could no longer afford to buy
any. As the 1780's progressed, further strain was placed on the food
supplies available, a growth in the resident population, which meant
that demand was increased, but supply, thanks to a few nobles who made
vast sums of money selling grain at high, over inflated prices, was
static. The general hunger and lack of products that were possibly not
necessary to human existence, but which were notable by their absence,
lead to increased dissatisfaction, and a general acceptance of the
enlightenment ideas.

The decline in manufacturing, the hike in taxes paid by the third
estate (due to governmental debt), and the rise in...

Find Another Essay On Financial and Political Problems Facing the French Government in 1787

Problems Facing the Internet Essay

964 words - 4 pages Problems Facing the Internet Every new technology has raised privacy issues. Today Internet is raising new issues about privacy and security among others. Right now there are many legal and ethical battles going on about the Internet and yet there are not consolidated laws regulating the Internet. In other words the Internet is self-regulated. Many organizations are trying to come up with laws that will regulate the World Wide Web. On the

Problems Facing the Nation Essay

1829 words - 7 pages The nation is facing one of its most distressed times. This country has fallen from its once great position, undermined by corporate greed, and military threats. We reached our nation’s height in the 1950’s and on into the 1960’s. Several factors have helped to contribute to this decline from the growing deficit, to the instability of Iran’s proliferation and the war on terrorism. Our economy took a tumble in December 2007 our gross domestic

Outline the problems facing the Tsarist regime during the reigns of Alexander III and Nicholas II. How successful were they in tackling these problems?

1311 words - 5 pages The tsarist regime had many internal problems during the reigns of Alexander III and Nicholas II. These include: economic repression, lacklustre political and social reforms and large cultural diversity. Alexander III and Nicholas II both had differing complications within the aforementioned problems and thus it becomes possible not only to outline but to conclude how successful they were in attempting to deal with them.The economy of Russia

Chinese Government and The Environmental Problems

1553 words - 6 pages ). Therefore, this essay will explain the reasons for China’s environmental problems, then evaluate the claim that the Chinese government and people, are tackling these environmental problems. First, crop farming techniques over the last hundred years, and their consequences will be explained. Followed by, how peoples choice in food has changed over the last hundred years, and how this indirectly affects the environment. Then, how a capitalist economy

Social and Economic Problems Facing Native Americans

1828 words - 7 pages In the late 1870’s, while the American-Indian war was still being fought, another war began against Native American culture. It began when the American government took Native American children away from the families and placed them into boarding schools that were far from their homes and taught them the ways of the white man. Native Americans have since struggled to survive on the lands where they were placed many years ago, a place of

How did events of 1765-1787 prove to be the key historical moments in the development of the concept of constitutional government?

904 words - 4 pages equal share. This established the particularly American concept of 'equal rights for all and special treatment for none'-the foundation of the constitution.The French and Indian War of 1756-1763 led to a period of neglect in the colonies,as Britain plunged herself into fighting the French and the Eastern sea board became accustomed to a significant degree of political self-regulation. However, in 1763,England passed the Proclamation of 1763

Immediate problems facing the Weimar Republic

540 words - 2 pages The Weimar republic was a democratic government in Germany created shortly after the first Great War (1919). It was named after the city in which the constitution was first created. This new government was meant to be the best solution for the Germans, but it was a failure because of the inefficiency of the constitution, various rebellions and the invasion- Inflation crisis in 1923.The first problem faced by the Weimar republic was its

How successful were Solon's measures in dealing with the problems facing Athens in 594 BC?

2388 words - 10 pages , his influence changed the working of the city forever.As Solon took over Athens, class distinction was at the root of a number of problems facing him, such as social inferiority. Although his first concerns were immediate relief and help to the people , the government reforms he achieved are markedly some of the most pointed changes he made. Any political influence in 594 BC was held by noble born men, and to ensue their security, they banded

Weimar Republic's Success in Dealing With Economic and Political Problems

2251 words - 9 pages Weimar Republic's Success in Dealing With Economic and Political Problems When the Republic was first 'born' in 1919 they faced a huge amount of problems - both internal and external. Not only did they have a remarkably unstable government, but also faced threats from both the left and the right. Furthermore to this their economic problems were extremely acute. Historians such as Stephen Lee believe that the government

Problems facing sugar planters in the British colony of Jamaica during the period 1850-1900, and the solutions used to solve them

659 words - 3 pages THE PROBLEMS-------------The islands of the British West Indies saw foreign competition from the slave grown sugar of Louisiana and Cuba. However, by the 1860's, due to a loan from the British government, Trinidad, Antigua, Barbados, British Guiana and St. Kitts all survived the equalization crisis. The sugar industry in Jamaica, on the other hand, continued to deteriorate.Jamaica's figures show a sugar industry, which failed to survive. Below

What are the main problems, Inconvenience, poor marketing changing internal and external difficulties company facing today

1171 words - 5 pages Topic: What are the main problems, Inconvenience, poor marketing changing internal and external difficulties company facing todayIntroductionTesco Plc is a large general merchandise and international grocery retail chain founded in yes 1919 in London. Tesco is the world second largest retail chain in terms of profits. It has the largest market share in UK with profits in billions. Tesco originally specialize in its food and beverages industry

Similar Essays

Describe The Financial & Political Problems Facing The French Government Before 1789

1058 words - 4 pages increasingly found it almost impossible to pay these taxes, leaving the majority of France in dismay.The French government also faced many political problems, not just within the financial system as relates to the ministers and rising deficit, but the politics of the whole country was being challenged. All sections of French society, particularly the Third Estate, were becoming increasingly unhappy. But in the time leading up to 1789, they discovered that

The Gilded Age, It Earned A Reputation Of Widespread Corruption In Government And Business, As Well As Persistent Economic, Social, And Political Problems Facing The Nation

703 words - 3 pages In the years following Reconstruction, America changed from a country of farms into a nation of growing businesses, factories, and cities. Despite these changes, the decades of the Gilded Age earned a reputation of widespread corruption in government and business, as well as the failure of the era's Presidents to resolve the persistent economic, social, and political problems facing the nation.The rise of industry and business defined the period

A Description, With Proof, Of Problems Facing Russia Since The Dissolution Of The Soviet Union, These Problems Include Economic Ails, And Political Leaning Back Towards Communism

875 words - 4 pages Certain Communist RevivalSince the dissolution of Union of Soviet Socialist Republics in 1991, the country now known as Russia has been going through many of the tough growing pains that such countries as it go through in their formative years. Inflation, political instability, economic turmoil and lack of enfranchisement are all issues that lead the populace to turn back to communism in hopes that all will be returned to the condition that the

Cite One Or Two Major Problems Facing This Country Today And What You Think The Government Should Be Doing To Deal With Them

549 words - 2 pages "It took seven economists 11 months to decide what should seem obvious given all the foreclosures, bank failures and layoffs - the United States is officially mired in a recession." ,(San Francisco Chronicle - Dec 2, 2008). It has been months everybody is talking about the economic and financial situation before the U.S government can actually do something to lift it up. From 1960s up to now there has been 6 recessions sweeping through the