Question

Why the financial resources of French were drained before 1789

Answer 1

The Financial resources of French were drained before 1789 because the Financial condition of France became poor due to the foreign wars of Louis XIV, the seven years War of Louis XV and other expensive wars. During the reign period of Louis XVI, the royal treasury became empty as extravagant expenses of his queen Marie Antoinette. To get rid of this condition. Louis XVI appointed Turgot as his Finance Minister in 1774. Turgot tried to minimise the expenditure of the royal court. He also advised the king to impose taxes on every classes of the society. But due to the interference of Queen Marie Antoinette, Louis XVI dismissed Turgot.Then Necker was appointed as the Finance Minister in 1776. He published a report on the income and expenditure of the State in order to arouse the people. But he was also dismissed by the king. The next person who was appointed by the King as the Finance Minister of France in 1783 was Callone. He adapted the policy of borrowing in order to meet the expenditure of the royal court. But due to this policy, the national debt of France increased from 300,000,000 to 600,000,000 Franks only in three years.