In order to maintain the ability to borrow funds and retain the honor of a stable government, Doyle points out that France could not embark upon this option at that time. A banker, Necker, gained control over royal finances in 1777. He was able to raise funds from a variety of sources, and thereby was able to "finance a major war without any new taxation...
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A banker, Necker, gained control over royal finances in 1777. He was able to raise funds from a variety of sources, and thereby was able to "finance a major war without any new taxation." (p.49) The problem here was that so much had been borrowed that when Calonne took over financial control he found no funding and low stocks...
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The French Revolution Louis XVI became king when he was after his grandfather Louis XV died. The young king meant well for his country, but was inexperienced, immature, and not very intelligent in his dealings with government...	2 / 506
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