The budget for 1788 had to commit half the total estimated revenues to interest payments on debts already contracted; it also showed an alarming deficit in the face of continued high …

A summary of French royal spending (1789) The Livre Rouge (or ‘Red Register’) was Louis XVI’s personal account book. In 1790 the National Assembly ordered that it be examined and …

Dec 25, 2024 · The Revolution took shape in France when the controller general of finances, Charles-Alexandre de Calonne, arranged the summoning of an assembly of “notables” …

These decades of fiscal irresponsibility were one of the primary factors that led to the French Revolution. France had long been recognized as a prosperous country, and were it not for its …

Sep 28, 2021 · A financial crisis caused the French Revolution when the debt laden state, in political gridlock, abandoned sound money for one of the world’s most destructive paper …

Whereas Sargent, Velde, and Crouzet have taken important steps, laying out theoretical considerations and the available evidence, this article draws on new archival data to interpret …

Mar 3, 2009 · Although largely neglected in most histories of the French Revolution, the central government’s persistent budget deficit was a factor of paramount importance. The fiscal crisis …

In 1787 the controller general of finances, Charles-Alexandre de Calonne, arranged for an assembly of notable citizens to propose financial reforms. He hoped to eliminate France’s …

France faced a series of budgetary crises during the 18th century, as revenues failed to keep pace with expenditure. [21][22] Although the economy grew solidly, the increase was not …

Timeline of major events during the French Revolution, including the storming of the Bastille by Parisians in 1789, the establishment of a French republic in 1792, the subsequent period …