Question

what were the causes for the financial crisis during the Time of Louis XVI give 7 points and describe them briefly​

Answer 1

Hey there !

Here is your answer .

Answer:

Causes Of Debt :-

The French Crown's debt was caused by both individual decisions, such as intervention in the War of Independence and the Seven Years' War, and underlying issues such as an inadequate taxation system. 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. The Seven Years' War was even more costly, at 1.8 billion livres,and the war preceding that, the War of the Austrian Succession cost another billion livres. France faced an impossible dilemma: how to both maintain its international position and status by engaging in these conflicts, and how to fund them with an archaic and grossly inefficient system.

Impact Of Financial Ministers :-

One of the ministers that Louis turned to in order to resolve the financial crisis was Turgot, financial minister from 1774-1776. Turgot abolished the regulations surrounding the food supply, which to this point had been strictly controlled by the royal police: they monitored the purity of bread flour, prevented price manipulation via hoarding, and controlled the inflows and outflows of grain to regions facing good and bad harvests. This caused rampant speculation and a breakdown of interregional import-export dynamics; famine and dissent (the Flour War) ensued. Turgot was forced to restore regulation and repress the riots. Though resolved, the failed experiment led to deep distrust of the monarchy, with rumours of their intention to starve the poor both prevalent and widely believed.

Hope this helps !!

Mark as the brainliest !!

Thank you !!