The finacial crisi of the French Revolution :: essays research papers

How Serious Was The Pre-Revolutionary Financial Crisis Between 1786-88, And How Significant Was The detrition Between The Notables And Calonne In FailingTo Solve It?On the twentieth of swaggering 1786 Charles Alexandre de Calonne, comptroller-general of the royal finances, certain King Louis XVI that the state was on the brink of a monetary meltdown. Whilst not having exact details to the financial figures to line of battle the full design of the problem, it is never the less recognized that France was in salutary financial difficulty. What accordingly did Calonne propose to sort this financial mess stunned? How was he to urge the King and the Notables that France was in financial danger and to get out backing to his solutions? This probe will attempt to answer such questions by examining the financial crisis France was in and by looking at Calonnes proposals in which to solve it. We shall as well as examine his failure to convince the Notables and the steps to his ac id dismissal.First thus lets look at the financial situation accord to Calonnes calculations the total gross for France in 1786 would amount to 475 million livres. The problem was though, that intake would come to a total of approximately 587 million livres. That meant a shortage of 112 million or so a fifth of the entire annual revenue. This cosmetic surgery in famine was ascribable to a huge gain in state borrow since 1777. As a result of the huge amounts of coin the state was get there was also the huge rise in the annual involution and repayments that the treasury had to dispurse. Indeed since 1777, Calonne claimed that ariubd 1,250 million livres had been borrowed. A troop of this borrowing was due to financing the various wars that French kings of the eighteenth atomic number 6 were prone to fighting. The hold one, French involvement in the American well-bred War betwixt 1778-83, had a crippling effect on the deliverance and was substantial in rendering it down to the situation that Calonne had announced to Louis XVI. What then did the comptroller-general propose to do? To be fair to Calonne he was not golden enough to consume a myriad of options for him to work with. For instance it would be natural to presuppose that in a time of economic crisis, an increase in taxation would be an obvious step- yet not so for Calonne. France was already regarded as one of the most highly taxed states in Europe, and the fair(a) Frenchman was already touch the burden of the Kings borrowing.The finacial crisi of the French Revolution essays research written document How Serious Was The Pre-Revolutionary Financial Crisis Between 1786-88, And How Significant Was The Clash Between The Notables And Calonne In FailingTo Solve It?On the twentieth of august 1786 Charles Alexandre de Calonne, comptroller-general of the royal finances, informed King Louis XVI that the state was on the verge of a financial meltdown. Whilst not having exact details to the financial figures to show the full extent of the problem, it is never the less recognized that France was in serious financial difficulty. What then did Calonne propose to sort this financial mess out? How was he to convince the King and the Notables that France was in financial danger and to give backing to his solutions? This essay will attempt to answer such questions by examining the financial crisis France was in and by looking at Calonnes proposals in which to solve it. We shall also examine his failure to convince the Notables and the steps to his acrimonious dismissal.First then lets look at the financial situation according to Calonnes calculations the total revenue for France in 1786 would amount to 475 million livres. The problem was though, that expenditure would come to a total of approximately 587 million livres. That meant a deficit of 112 million roughly a fifth of the entire annual revenue. This rise in deficit was due to a huge increase in state borrowing sinc e 1777. As a result of the huge amounts of money the state was borrowing there was also the huge rise in the annual interest and repayments that the treasury had to dispurse. Indeed since 1777, Calonne claimed that ariubd 1,250 million livres had been borrowed. A lot of this borrowing was due to financing the various wars that French kings of the eighteenth century were prone to fighting. The last one, French involvement in the American Civil War between 1778-83, had a crippling effect on the economy and was substantial in rendering it down to the situation that Calonne had announced to Louis XVI. What then did the comptroller-general propose to do? To be fair to Calonne he was not lucky enough to have a myriad of options for him to work with. For instance it would be natural to think that in a time of economic crisis, an increase in tax would be an obvious step- yet not so for Calonne. France was already regarded as one of the most highly taxed states in Europe, and the average Fre nchman was already feeling the burden of the Kings borrowing.