WHAT WERE THE CAUSES FOR THE ECONOMIC CRISIS DURING THERULE OF OLD REGIME
WHAT WERE THE CAUSES FOR THE ECONOMIC CRISIS DURING THERULE OF OLD REGIME
The political and social system of France prior to the French Revolution under the old regime was in distress and it lead to the economic crises. The social and psychological burdens of the nationals lead to wars and revolt and this resulted in huge war debt and the economic situation was made worse by the monarchy's military failures and ineptitude.
To manage the poor economic situation and an unmanageable national debt the monarchs introduced inequitable system of taxation. Through this new monarchy's tax system raised money from peasants and wage-earners hence the poor had to bare heavy tax burden. As a result they faced a daily struggle with living.
Unemployment was on a rise, further the high bread prices, causing more money to be spent on food compared to the other areas of the economy. Thus resulting in major economic crisis during the rule of old regime.
The political and social system of France prior to the French Revolution under the old regime was in distress and it lead to the economic crises. The social and psychological burdens of the nationals lead to wars and revolt and this resulted in huge war debt and the economic situation was made worse by the monarchy's military failures and ineptitude.
To manage the poor economic situation and an unmanageable national debt the monarchs introduced inequitable system of taxation. Through this new monarchy's tax system raised money from peasants and wage-earners hence the poor had to bare heavy tax burden. As a result they faced a daily struggle with living.
Unemployment was on a rise, further the high bread prices, causing more money to be spent on food compared to the other areas of the economy. Thus resulting in major economic crisis during the rule of old regime.
