what are the factors that led to financial crisis in France at the time of revolution
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The crisis came about primarily because of an inefficient and unfair tax structure, outdated medieval bureaucratic institutions, and a drained treasury which was the result of aiding the Americans during the American Revolution, long wars with England,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
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ADVERTISEMENTS: The factors contributing to the financial crisis were: (i) Long years of wars and French involvement with the American War of Independence drained the financial resources. (ii) The burden of interest payments on state loans increased the debt.
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