Frequent question: Why is France going broke in the 1700s?

In the late 1700s, France was facing a severe financial crisis due to the immense debt accrued through the French involvement in the Seven Years War (1756–1763) and the American Revolution (1775-1783).

Why was France economy struggling severely in the late 1700s?

A central economic problem facing France throughout the late 1700s was unsupportable levels of government spending. The French King Louis XV accumulated huge debts building the famous palace at Versailles and waging wars against his neighbors.

What caused the economic crisis in France 1789?

The crisis came about primarily because of an inefficient and unfair tax structure, outdated medieval bureaucratic institutions, and a drained treasury which was the result of aiding the Americans during the American Revolution, long wars with England, overspending, and an inequitable tax system which placed the burden …

Why was France in so much debt in the 1780s?

French involvement in the Seven Years’ War and the American War of Independence added substantially to the state’s debts. Jacques Necker, finance minister from 1777 and 1781, had largely funded France’s war effort through loans. As a result the state debt ballooned to between 8 and 12 billion livres by 1789.

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What problems was France facing in the 1700s?

what problems was France facing in the late 1700s? the monarchy was in need of money, so taxes were raised. The commoners who could not afford to pay the newly heavied taxes became infuriated, rioting and eventually storming the palace. You just studied 71 terms!

What happened to France in the 1700s?

In the late 1700s, France was facing a severe financial crisis due to the immense debt accrued through the French involvement in the Seven Years War (1756–1763) and the American Revolution (1775-1783).

Why was France so poor during the French Revolution?

Causes of the French Revolution

Not only were the royal coffers depleted, but two decades of poor harvests, drought, cattle disease and skyrocketing bread prices had kindled unrest among peasants and the urban poor.

Why was France poor during the French Revolution?

By 1789 France was broke. … The nobility refused to pay more taxes, and the peasants simply couldn’t. Even the opulent King Louis XVI, fonder of hunting and locksmithing than governing, recognized that a crisis loomed.

What were the 3 main causes of the French Revolution?

Although scholarly debate continues about the exact causes of the Revolution, the following reasons are commonly adduced: (1) the bourgeoisie resented its exclusion from political power and positions of honour; (2) the peasants were acutely aware of their situation and were less and less willing to support the …