what were the economic crisis in the France
Answers
While the King and Queen of France lived in luxury and splendor at the magnificent Palace of Versailles outside of Paris, the government of France, was bankrupt and was facing a serious financial crisis.
The crisis came about primarily because of an inefficient and unfair tax structure, outdated medieval bureaucratic institutions, and a drained treasury which was the result of aiding the Americans during the American Revolution, long wars with England,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 of taxation on those least able to pay, the Third Estate.
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Answer:
The causes of the French Revolution can be attributed to several intertwining factors:
Cultural: The Enlightenment philosophy desacralized the authority of the monarchy and the Catholic Church, and promoted a new society based on reason instead of traditions.
Social: The emergence of an influential bourgeoisie which was formally part of the Third Estate (commoners) but had evolved into a caste with its own agenda and aspired to political equality with the clergy (First Estate) and the aristocracy (Second Estate).
Financial: France's debt, aggravated by French involvement in the American Revolution, led Louis XVI to implement new taxations and to reduce privileges.
Political: Louis XVI faced strong opposition from provincial parlements which were the spearheads of the privileged classes' resistance to royal reforms.
Economic: The deregulation of the grain market, advocated by liberal economists, resulted in an increase in bread prices. In periods of bad harvests, it would lead to food scarcity which would prompt the masses to revolt.[1][2][3]
All these factors created a revolutionary atmosphere and a tricky situation for Louis XVI. In order to resolve the crisis, the king summoned the Estates-General in May 1789 and, as it came to an impasse, the representatives of the Third Estates formed a National Assembly, against the wishes of the king, signaling the outbreak of the French Revolution.