Financial Crisis of 1780s
The Financial Crisis of the 1780s was a period of economic turmoil that began with the bankruptcy of the French East India Company in 1785. This led to a sharp increase in the price of bread, which sparked riots in Paris and other cities. The financial crisis deepened when King Louis XVI attempted to enact austerity measures, including raising taxes and reducing government spending. This led to further unrest, and ultimately the storming of the Bastille and the start of the French Revolution.
Causes of the French Revolution
The French Revolution was a period in France when individuals ousted the government and assumed command over public authority. The Revolution started in 1789 and finished in the last part of the 1790s. Before the French Revolution began, individuals of French were isolated into gatherings or “Domains”.
The French Revolution was one of the most critical and renowned occasions in world history. Enduring from 1789 to 1799, it came about, in addition to other things, toppling the government in France. There were different reasons which achieving the Revolution. These incorporate scholarly reasons like the thoughts set forward by the thinkers of the Age of Enlightenment; social reasons like the ascent of the bourgeoisie class; political reasons like the ineffectual administration of French ruler Louis XVI; social reasons like the uncalled-for Estates System; monetary reasons like French association in costly conflicts; and financial reasons like the ascent in the cost of bread.
Table of Content
- Causes of French Revolution
- Social Inequality in France due to the Estate System
- Thoughts put Forward by Enlightenment Philosophers
- Monetary Crisis caused due to Costly Wars
- Uncommon Weather and Poor Harvests in Preceding Years
- Inadequate Leadership of Louis XV and Louis XVI
- Parliaments’ Successful Opposition to Reforms
- The Extravagant Lifestyle of French Monarchy
- Financial Crisis of 1780s
- Political Crisis of 1780s