The Directory Flashcards
1
Q
Directory
A
Established in 1795
5 members, elected by the council of Ancients and could hold office for 5 years
2
Q
Issues with the Directory
2
A
Yearly elections caused instability
No mechanism to dissolve dispute between the Directory & the 2 councils, leading to stalemates
3
Q
Economic Problems under the Directory
2
A
New paper currency issued but failed
Deflation made the Directory unpopular
4
Q
Financial Changes under the Directory
2
A
2/3 of government debt was written off in 1797 (through bonds that became worthless. This meant debt was written off, but at the expense of lost support for those who had bought bonds)
Ramel, Finance Minister, introduced 4 new taxes. This balanced government finances (but alienated the rich who were taxed more
