Monday, October 5, 2009

The French Revolution Financial Crisis

Throughout the reading about the french revolution, I noticed many issues about how much debt France owed and how much money they needed to restore France's financial crisis. I decided to do more research on the issue. I found out that many controllers of France's finance tried their best to help but nothing worked until Charles Alexandre. He became the new general of finance in 1783, he stepped up to the plate and told everyone that rebuilding the financial structure was not going to work unless they "borrowed" money from the nobles and the King. Even though he persuade the king, the Assembly was not convinced and did not approve to give money to help fix the debt. He was then fired by the King and Etienne Charles took his place. Etienne decided to try to convince the people with civil rights like freedom of religious views. Then he tried Alexandre's way of asking the higher class for money. When this idea was rejected for the second time Etienne decided to attack. This made the people throughout France in great chaos which led King Louis and Etienne to surrender. After that disrupt, Etienne resigned and then Necker took power, he then prepared a meeting with the nations Reps before it became a greater issue then it already was. And that was just part of the economic issues for France.

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