Lesson 20: The French Revolution Part 2 Nov 3rd.

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by Jerald Risner0 views·Updated Oct 31, 2020
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  1. Hello, students.
  2. Today we will begin with less than 20 the, uh,
  3. the French Revolution.
  4. Part two.
  5. We'll talk about the Francis Francis economic crisis.
  6. Okay, Looks like yeah.
  7. Along with social unrest, France face economic woes, especially a
  8. mushrooming financial crisis.
  9. The crisis was caused in part by years of deficit
  10. spending. Yeah, this occurs when a government spends more money
  11. than it takes in Louis the 14th and left France
  12. deep in debt.
  13. The seven years war in American revolution strained the Treasury.
  14. Even further costs generally had risen in the 17 hundreds,
  15. and the lavish court soaked up millions.
  16. To bridge the gap between income and expenses.
  17. The government borrowed more and more money.
  18. By 18 or 17 89 half of the government's income
  19. from taxes went to pay the interest on the enormous
  20. debt. To solve the financial crisis, the government would have
  21. to increase taxes, reduce spending or both.
  22. However, the nobles and clear G fiercely resisted any attempt
  23. thio in their exemption from taxes.
  24. Other you can economic woes added to the crisis.
  25. The general economic decline began in the 17 seventies.
  26. Then, in the late 17 eighties, bad harvest set food
  27. prices soaring and brought hunger to the poorest peasants In
  28. city dwellers.
  29. Hard times and lack of food inflame these people.
  30. In towns, people rioted, demanding bread in the countryside.
  31. Peasants began to attack the mayor's house of mayor houses
  32. of nobility.
  33. They're the heirs of Louis the 14th.
  34. We're not the right men to solve the economic crisis
  35. that affected France.
  36. Louis, the 15th, who rolled from 17 15 to 17
  37. 74 pursued pleasure before serious business and ran up more
  38. debt. The next Louie the 16th, was well meaning, but
  39. weak and indecisive.
  40. He did wisely, twos.
  41. Jack is nectar financial expert as an advisor.
  42. Next, necker.
  43. Where is the king to reduce the striving a court
  44. spending reform government and abolish burdensome tariffs on international trade?
  45. Yeah. When Nectar proposed taxing the 1st and 2nd estates,
  46. however, the nobles and high clergy forced the king to
  47. dismiss him.
  48. As the crisis deepened, the pressure for reform mounted.
  49. The wealthy and powerful classes demanded, however, that the king
  50. summons their state general.
  51. The legislative body consists of representatives of three estates.
  52. Before making any changes, no French king had called their
  53. state general for 175 years, they feared that nobles would
  54. try to recover the feudal powers they had lost.
  55. Under absolute rule to reform minded nobles, the state general
  56. seemed to offer a chance to carry out changes like
  57. the one the English had achieved through the glorious revolution.
  58. They hope to bring the absolute monarch under the control
  59. of nobles and guarantee their own privileges.
  60. And on this chart, you can see the Francis Economic
  61. Troubles, the last budget of the old regime.
  62. 17 88.
  63. You see that they only brought in er about 500
  64. million, and you could see that their expenditures were over
  65. 600 about 626 million.
  66. So that leaves a deficit of 126 million when you
  67. go years and years and years of this deficit because
  68. it's a major issues.
  69. And then the prices on the rise to kind of
  70. combat These deficits.
  71. You can see how the price of wheat, rye, meat
  72. and firewood all rose.
  73. Uh, quite a bit over the years, E Alright, so
  74. your daily homework nectar argued the 1st and 2nd estate
  75. by proposing that angered the 1st and 2nd state by
  76. proposing that a tax is unclear.
  77. Jian notable Noble be raised be The government borrows more
  78. money. See clear Jean nobles We stripped of their political
  79. power or indeed, the third estate be given a voice
  80. in government.
  81. Thank you for your time, guys.
  82. And we will continue this discussion tomorrow as we discuss
  83. further in detail about the French Revolution.