French Financial Crisis

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French Financial Crisis deeply in debt due to Seven Years’ War and American Revolution parlements – French royal courts dominated by hereditary nobility made it difficult to tax the wealthy were abolished by Louis XV and reinstated by Louis XVI enjoyed positive public opinion because they opposed the monarchy

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French Financial Crisis. deeply in debt due to Seven Years’ War and American Revolution parlements – French royal courts dominated by hereditary nobility made it difficult to tax the wealthy were abolished by Louis XV and reinstated by Louis XVI - PowerPoint PPT Presentation

Transcript of French Financial Crisis

Page 1: French Financial Crisis

French Financial Crisisdeeply in debt due to Seven Years’ War and American Revolutionparlements – French royal courts dominated by hereditary nobility

made it difficult to tax the wealthywere abolished by Louis XV and reinstated by Louis XVIenjoyed positive public opinion because they opposed the monarchy

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Jacques Neckerroyal director-general of financesargued that the economy was really not that badrevealed a large portion of royal costs went to pensions for aristocratsangered the aristocrats and as a result left office

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Calonne’s Reform Plan Calonne was minister of financewanted to introduce a new land tax that all landowners regardless of class would have to paynew local assemblies made up of landowners based on land more than social status would determine any additional taxes

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Assembly of Noblesaristocracy refused to accept Calonne’s plancalled for the reappointment of Neckerclaimed only the Estates General, a medieval institution not used since 1614, could consent to new taxes

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Deadlock and the Estates General

Calonne replaced by BrienneBrienne appealed to the Assembly of the Clergy to pay debts, but was refusedparlements wanted privileges of the early 17th century returned to themBrienne resigns and replaced by Necker – reforms on the horizon

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The Three Estatesthree groups or estates existed in France

First Estate – clergySecond Estate – nobilityThird Estate – everyone else including middle class

Third Estate warned it would not let the first two estates rule the future of the nation

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Debate over Estate VotingAssembly of Notables demanded each estate have an equal amount of representativesParlement of Paris believed that each estate should have just one vote each

the First and Second Estates would automatically outvote the Third 2-1Third Estate immediately bemoans the arrogance of the aristocracy and now distrusts it.

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Third Estate VictoryDecember 1788 – royal council announced Third Estate would elect twice as many representatives to the Estates General as either of the other two Estatesliberal nobles and clergy supported this movemethod of voting had not been decided when the Estates General gathered at Versailles in May, 1789

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The Cahiers de Doleancescahiers de doleances – list of grievances registered by local electors to be presented to the kingthe grievances were not all that different from the Third Estate

government wasteindirect taxeschurch taxescorruption

the cahiers wantedmore equitable taxesmeasures to facilitate trade and commercefree press

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The National Assemblycombination of the Third and Second Estate, along with some liberal noblesofficially declared on June 17, 1789

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The Tennis Court Oaththe National Assembly gathers in an indoor tennis court to draft a new constitutionKing Louis XVI – capitulates and orders the First and Second Estates to meet with the General Assemblythe National Assembly renames itself the National Constituent Assembly and is composed of members of all three estates who shared goals of administrative, constitutional and economic reform of the country

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Overthrow of the Bastille winter and spring 1788-1789 – high bread prices cause shortagesJuly 11, 1789 – Louis XVI – dismisses finance minister NeckerJuly 14, 1789 – large crowds against Louis XVI go the Bastille– a fortress that once held political prisoners – looking to arm the militia (98 Parisians, several troops and the governor of the Bastille are killedJuly 15, 1789 – the National Guard, led by Marquis de Lafayette, officially take over the Bastille. Louis XIV days later recognizes the new government

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The “Great Fear”peasant disturbances intensify in the countryside as the aristocrats land is taken overAugust 4, 1789 – Several nobles and clergymen renounce their nobility rights at the National Constituent Assembly to quell the riots“Old Regime” is officially abolished

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The Declaration of the Rights of Man and Citizen

new constitution drafted on August 27, 1789very similar to the Declaration of Independence in proclaiming liberty, freedom, and natural rightstwo most powerful ideas were civic equality and popular sovereigntywomen not included

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The Women’s March on Versailles

women upset about bread prices gather at Versailles – October 5, 1789King Louis XVI forced to go back to Paris

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The Political Reconstruction of France

Constitution of 1791 - Legislative Assembly becomes main law making body of France / monarch has limited powersonly active citizens – those paying annual taxes could voteOlympe de Gouges – she composes Declaration of Rights of Women, using the men’s declaration it calls for women to be treated as citizensprovinces and parlements replaced by departments – equally sized administrative units

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The Economic Reconstruction of France

workers organizations forbidden by the Chapelier Lawland belonging to the Roman Catholic Church is confiscated and sold creating

further inflationreligious schismcivil war

the assignats – government bonds from the sale of church property – used as currency, but used so often their value went down raising inflation

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The Civil Constitution of the Clergy (July, 1790)

transformed the Roman Catholic Church into a secular stateembittered relations between the church and the statePope Pius VI condemns the both the Civil Constitution of the Clergy and the Declaration of the Rights of Man and Citizen

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Counterrevolutionary Activityemigres – aristocrats who left France for bordering countriesKing Louis XVI attempts to flee France, but is caughtDeclaration of Pillnitz – Emperor Leopold II of Austria and King Frederick William II of Prussia announce that if another European power joins them they will intervene in France to protect the monarchy

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The Jacobinsclub of politically like-minded people from the Third Estate who wanted a republic rather than a monarchyGirondists – part of the Jacobins that assumed leadership of the Assembly

declared war on Austriaforced Louis XVI and Marie Antoinette into imprisonment

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The Convention and theSans-Culottes

The September Massacres – 1,200 people murdered in prisons by ParisansConvention – September 21, 1792 – Legislative Assembly calls for universal male suffrage and for France to be a monarchysans-culottes

name comes from the long trousers of the working peopleled a Revolution more radical than the Girondistsanti-monarchical, republican, and wanted the people to make the decisions

policies of the Jacobins – began to cooperate with sans-culottes despite not having a problem with wealthyexecution of Louis XVI – beheaded on January 21, 1793

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France at War with EuropeGirondists at war with Great Britain, Holland, and Belgium

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Edmund Burke wrote Reflections on the Revolution in France (1790) – said revolution will end in military despotismAmerican Revolution hero Thomas Paine disagreed with himOther European nations agreed with Burke when France declared war on Austria

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William PittBritain’s prime minister during Revolutionapproved for acts suspending habeas corpus certain ideas considered treasonable

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The Reign of Terrorthere was a sense that the achievements of the revolution were in trouble by the warsreal and imagined enemies of revolution arrested and executed (peasants, nobles, clergy, business people and ex-revolutionary leaders)

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The Republic Defended.The Committee of Public Safety – carried out the duties of the executive branch in dictatorial fashionThe levee en masse – led by Lazare Carnot, had military requisition on the entire population

agreed to ceiling on prices in accordance to the sans-culottecarried out more executions

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Maxim lien de Robespierredominant figure of the National Assemblyhad support of sans-culottecalled for an assault on all enemies of the Revolution

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Repression of Republican Women

all women’s societies bannedbarred from ConventionOlympe de Gouges executed

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De-Christianizationnew calendar adoptedchurches destroyedsome clergy executed

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Revolutionary Tribunalsexecutions

Marie Antoinette and royal familyGirondist politicianspeasants opposed to the Revolutionmembers of sans-culottes

executions carried out by guillotine, shootings and drownings

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The End of the TerrorRobespierre turns on leaders both from the political left and rightLaw of 22 Prairial – tribunal could convict suspects without evidence against themfearing he was turning into a dictator, Robespierre and 80 of his supporters are executed

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The Thermidorian Reactioninfluence of wealthy middle-class and professional people replaces sans-culottesCommittee of Public Safety diminishedLaw of 22 Prairial repealedmany Jacobin leaders executedtraditional roles of men and women in addition to the church reestablished

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Constitution of Year IIIrejected both constitutional monarchy and democracyestablished two houses of the legislature and an executive branchpolitical system based on rank and birth replaced by system of civic equality and social status

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End of Sans-Culottessans-culottes replaced by the Directorypeace treaties with Spain and PrussiaGracchus Babeuf attempts to overthrow Directory with the Conspiracy of Equals

wanted to distribute property even amongst all citizensplot fails and Babeuf is executed

Directory weak due tosuppression of sans-culotttesthe Two-Thirds law – favored people already in officeCatholic royalist revivalwars