Louis XVI and France's Financial Crisis

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12 Questions

What privileges did the clergy and nobility enjoy by birth?

Exemption from paying taxes to the state

Which group extracted feudal dues from peasants?

Nobles

Which group extracted taxes called tithes from the peasants?

Church

What type of taxes were levied on articles of everyday consumption like salt or tobacco?

Indirect tax

Who bore the burden of financing state activities through taxes?

Third estate

What was the unit of currency in France before it was discontinued in 1794?

Livre

What was the main financial challenge faced by Louis XVI when he ascended the throne of France?

Empty treasury due to long years of war

How did the French government try to cope with the increasing budget due to interest payments?

Increasing taxes on the third estate

What percentage interest were lenders charging the French government on loans during Louis XVI's reign?

10%

Which group in French society bore the burden of paying taxes in the eighteenth century?

Third estate members

What term is commonly used to describe the society and institutions of France before 1789?

Old Regime

What percentage of the French population did peasants make up in the eighteenth century?

90%

Learn about Louis XVI ascending the throne of France in 1774, his young age, marriage to Marie Antoinette, and the financial challenges faced by France during his reign. Explore how France assisted the American colonies in gaining independence from Britain under his rule.

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