History 1401E Lecture Notes - Lecture 7: Assignat, Tennis Court Oath, Charles Alexandre De Calonne
19 Mar 2018
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Was a rich country but state revenues have not increased. Most of the money go to rich people who normally are not taxed. John law central bank, noble privilege, efficient borrowing, paper money etc. , failed. Necker tries to rationalize debt through borrowing (debt consolidation) fired. Brienne, and then calonne propose increasing taxation, elimination of privileges and flat tax on all property fired. Failure of the king to produce necessary reforms. Therefore, noble revolt" and decision to call estates general, on 5 july 1788. No one knows how much money france owes. Mainly produced by burden of the wars, within a system of universal evasion, inefficient collection, and pre-modern management and accounting. Debt had increased ten times during the course of the american revolution. People who bought french feudal dues want their money. By summer 1789, peasant rebellions and bread riots. Situation worsens in the course of the first years of the revolution.
