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Why was king Louis xvi tries to raise money on taxing the nobles?
Wiki User
∙ 11y ago
During the Seven Year's War France lost most of its overseas treasure to Great Britain. The resulting ecomnomic damage almost destroyed the monarchy. However, some of the economic was repaired in the 1760's by the minister, the duc de Choiseul. Because Louis XIV and Louis XV spend way to much money and left a huge state debt. Louis XVI inherited that as he accessed the throne (a debt of 400 million livres!) In 1788 the French government went bankrupt.
Wiki User
∙ 15y ago
Wiki User
∙ 12y agoLouis spent most of the government money on his own personal needs. His tax structure also caused many financial problems because he basically was exempting those who could afford the taxes from paying them and forcing those who couldn't to pay. In a ways this crippled the economy.
Wiki User
∙ 13y agoTo avoid bankruptcy and to pay down the French National debt.
Wiki User
∙ 11y agothey ran out of money to help America win the Revolutionary War
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What did Sargon do to raise money to pay his army and buy the loyalty of his supporters?
by controlling trade routes and taxing merchants
What is terry fox's accomplishments?
Terry Fox tried to run across Canada to raise money for cancer
How much money did terry raise?
he raised 3.5 million dollars
How did King Louis XVI hurt his people?
He didn't. King Louis XVI and his wife Queen Marie Antoinette lost their monarchical power during the French Revolution. They inherited an enormous state debt (by Louis XIV and Louis XV). Also, Louis XVI was indecisive and not firm enough to rule. Radical financial reforms by Turgot and Malesherbes angered the nobles and were blocked by the parlements who insisted that the King did not have the legal right to levy new taxes. So Turgot was dismissed in 1776 and Malesherbes resigned in 1776 to be replaced by Jacques Necker. Necker supported the American Revolution, and proceeded with a policy of taking out large international loans instead of raising taxes. When this policy failed miserably, Louis dismissed him, and replaced him in 1783 with Charles Alexandre de Calonne, who increased public spending to 'buy' the country's way out of debt. Again this failed, so Louis convoked the Assembly of Notables in 1787 to discuss a revolutionary new fiscal reform proposed by Calonne. When the nobles were told the extent of the debt, they were shocked into rejecting the plan. This negative turn of events signaled to Louis that he had lost the ability to rule as an absolute monarch, and he fell into depression. The French didn't want to be ruled by monarchs anymore, but wanted to become a republic without "tyrannizing" monarchs that they thought spend all their tax money and wanted equality, and also no more nobility with all their benefits and privileges. The revolutionists captured King Louis XVI and Marie Antoinette, held them prisoners and eventually had them beheaded by a guillotine.
Why did terry call his marathon the marathon of hope?
Because he was trying to give hope to people with cancer that he may raise enough money to find a cure.
How do state government raise money for their services and goods?
by taxing property
King george the 3rd had good reasons for deciding to raise money by taxing the colonies?
No because they did not get anything from their money
When did America start taxing people?
the American government started taxing people in 1861, during the civil war. they started taxing people to raise money to buy supplies for the war.
Is it true that the federal system kept the right to raise money by taxing citizens?
yes it is sadly. :-(
How can Congress raise money besides taxing?
They had to ask the states for money. Which didn't go over well with any of the states.
What did Sargon do to raise money to pay his army and buy the loyalty of his supporters?
by controlling trade routes and taxing merchants
What did Britain do to raise money and pay its debts?
by taxing the colonists. for example, the sugar act, stamp act, and townshend act.
What benefits did Britain have from keeping the American colonies?
The king viewed the colonies as a source of money, therefore, taxing them to raise money for his wants and needs, he basically benefited in that way by keeping the American colonies.
Why is gas tax higher in Ohio?
Because the Ohio Legislature, in its wisdom, decided that taxing gas was the best way to raise money to fund the needs of the state.
Did george the third had good reasons for deciding to raise money by taxing the colonist?
Well England aka gret Britain had debt for the french and Indian war
Does the national government or state government raise money by taxing citizens?
yes, what else would they do. that's how we trade with other countries, build houses and much more.
What is the procedure by which Congress was to raise funds in the articles of confederation?
In the Articles of Confederation, the procedure by which Congress was to raise funds was by taxing the states.
