Financial Crisis Flashcards
(5 cards)
1
Q
What is the Financial Crisis
A
The huge deficit in government funding
2
Q
What sped up the Financial Crisis
A
The accumulated debt interest from the Foreign policy
Lack of taxes imposed on the rich and corruption
3
Q
Royal expenditure on Debt and Royal Income
A
Royal Income-503 Mil livres
Debt Interes- 318 mil Livres
4
Q
What did Necker Lie about
A
Chose selective figures that didn’t show the reality of Finances of France
5
Q
A
