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The Revolution resulted from multiple long-term and short-term factors, culminating in a social, economic, financial and political crisis in the late 1780s. [ 3 ] [ 4 ] [ 5 ] Combined with resistance to reform by the ruling elite , and indecisive policy by Louis XVI and his ministers, the result was a crisis the state was unable to manage.
In 1793, the French Revolution caused wars with Austria, Prussia, Great Britain and Spain. The government continued to function during the economic and political crises by a series of loans, bonds and tax increases; an increasingly large amount of paper money issuance was a vain attempt to stimulate the economy. [8]
The financial crisis of the French crown played a role in creating the social background to the Revolution, generating widespread anger at the court, and (arguably most importantly) forcing Louis XVI to call the Estates-General. The court was deeply in debt, which in conjunction with a poor financial system, created a crisis. [31]
Change in per capita GDP of France, 1820–2018. Figures are inflation-adjusted to 2011 international dollars. The economic history of France involves major events and trends, including the elaboration and extension of the seigneurial economic system (including the enserfment of peasants) in the medieval Kingdom of France, the development of the French colonial empire in the early modern ...
War of American Independence Financing Crisis (1776) (United States) – The French monarchy went deeply into debt to finance its 1.4 billion livre support for the colonial rebels; Spain invested 700 million reales. [3] Panic of 1785 – United States; Copper Panic of 1789 – United States; Panic of 1792 – United States
The French Revolution of 1789 and Its Impact. Greenwood. ISBN 978-0-313-29339-9. Soboul, Albert (1975). The French Revolution, 1787-1799: From the Storming of the Bastille to Napoleon. Random House. ISBN 978-0-394-47392-5. von Guttner, Darius (2015). The French Revolution. Nelson Modern History. Melbourne: Nelson Cengage. ISBN 9780170243995.
The French Revolution of 1830, ... a political history of France, 1830-1848. ... "The Economic Crisis of 1827–32 and the 1830 Revolution in Provincial France".
Bosher, John F. French Finances, 1770–1795: From Business to Bureaucracy (1970) Harris, Seymour E. The Assignats (1930) Spang, Rebecca L., Stuff and Money in the Time of the French Revolution (London and Cambridge, MA: Harvard University Press, 2015). A Cursory View of the Assignats and Remaining Resources of French Finance ... by Francis d ...