Minister of Finances

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When was Turgot appointed minister of Finance?
1774
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What was Turgots first action?
To present the king with 'no bankruptcy, no increase of tax, no borrowing'
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What were the three reforms Turgot wanted to make?
To get rid of corvee, establish taxation for all 3 estates,establish free grain trade
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Why was great opposition faced by Turgot?
Because his reforms were seen as an attack on the privileged of the church and nobility
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When did Turgot resign and why?
1776 and because the king asked him to resign
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When did Necker become 'controller- general'?
1776
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Why couldn't Necker have the title 'minister of finance'?
Because he was a protestant
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Why was Necker appointed by King?
Because financial success and widespread popularity
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Why was Necker popular?
Support fixed grain price
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What year did Necker publish Frances first ever finance report?
1781
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What did Necker do to make Frances financial deficit worse?
Borrowing large amounts of money at high interest
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What was wrong with Neckers 1781 financial report?
He falsified all the figures
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Why did publishing the financial report in 1781 increase Neckers popularity?
People felt he involved them in the running of the kingdom
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What made Necker dismissed?
He demanded appointment of official minister
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What did Necker declare upon his leaving?
That the was an excess of 10 million livres in the bank
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When was Calonne appointed controller genreal?
1783
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Other cards in this set

Card 2

Front

What was Turgots first action?

Back

To present the king with 'no bankruptcy, no increase of tax, no borrowing'

Card 3

Front

What were the three reforms Turgot wanted to make?

Back

Preview of the front of card 3

Card 4

Front

Why was great opposition faced by Turgot?

Back

Preview of the front of card 4

Card 5

Front

When did Turgot resign and why?

Back

Preview of the front of card 5
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