Causes of debt The War of Independence alone cost 1.3 billion livres, more than double the Crown’s annual revenue, and in a single year—1781—227 million livres were spent on the campaign.
Diamond Necklace for Marie Antoinette: King Louis XVI spent $40 million dollars!!! Taxes and the price of basic foods, like bread, DOUBLED for the peasants!
Why did Louis XVI need money?
Louis is secretly spending tax dollars to support the Holy Roman Emperor and his wars against Austria even though the country is already heavily in debt. . King Louis XVI believes that he has a right to be king and spend as much money as he wants since he was born into this position.
What did Louis XVI spend money on?
King Louis XVI’s spending’s. While many citizens are starving the in the streets Paris, King Louis is spending thousands of dollars on simple pieces of clothing. King Louis’s wife Marie Antoinette is spending unknown amounts of money on jewels and gold.
How much French money did Louis XVI give to the American Revolution?
Financial aspects. In all the French spent 1.3 billion livres to support the Americans directly in addition to the money it spent fighting Britain on land and sea outside the U.S. France’s status as a great modern power was re-affirmed by the war, but it was detrimental to the country’s finances.
Who funded the French Revolution?
In 1781, the French navy blockaded Lord Cornwallis’s army at Yorktown. Turgot’s successor Jacques Necker, a Swiss banker, financed these expenditures almost entirely through loans. Although successful, France’s intervention cost 1.3 billion livres and almost doubled her national debt.
How much did the French Revolution last?
The French Revolution lasted 10 years from 1789 to 1799. It began on July 14, 1789 when revolutionaries stormed a prison called the Bastille. The revolution came to an end 1799 when a general named Napoleon overthrew the revolutionary government and established the French Consulate (with Napoleon as leader).
What was the financial causes of French Revolution?
Taxes were high and so were prices, but the wages were low. Unable to provide for their families the lower classes of France were also in an economical crisis, which was one of the things that drove them to revolt. Another major cause to the French Revolution was Politics.
Which party supported the French Revolution?
Democratic-Republican Party
Why was Louis XVI accused of treason?
Louis XVI and Marie Antoinette were executed for treason. Louis had failed to address France’s financial problems, instigating the French Revolution that eventually descended upon him. He made matters worse by often escaping to more pleasurable activities like hunting and locksmithing.
What economic problems caused the French Revolution?
– France had been bankrupt since its involvement in the American War of Independence in 1776. .
– The poorest section of the population paid the most taxes.
– Tax collectors were corrupt, so not all the taxes reached the state treasury.
How long did the French rev last?
six years
What was an economic cause of the French Revolution?
The economic condition of France became poor due to the foreign wars of Louis XIV, the seven years War of Louis XV and other expensive wars. During the reign period of Louis XVI, the royal treasury became empty as extravagant expenses of his queen Marie Antoinette. To get rid of this condition.
What did King Louis XVI spend 250 million dollars on?
The 250 million dollars that it cost France to aid the Americans in their fight for independence was the last straw. King LOUIS XVI and Queen MARIE ANTOINETTE also spent a great deal of money on themselves while the rest of the country suffered. Finally, foreign bankers refused to lend more money.
What was Louis XVI charged with?
treason
What were the economic and political causes for the French Revolution?
– Social – The social conditions in France in late 18th century were extremely unequal and exploitative. .
– Economic – As a result of a numerous wars waged by Louis XVI the State coffers were empty.
Who was responsible for the French Revolution?
King Louis XVI
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