French Revolution was the greatest revolution of the 18th century. It was the revolution that started the modern era of politics and had its origins in the financial problems of the government.
In the 1770s and 1780s, a protracted war with England left the government of France depleted of money. France's national debt was high and bankruptcy and increased tax rates became inevitable. "The government's yearly income from taxation and other sources was, quite simply, less than its spending. By 1788, fully one-half of the annual budget went for ever-increasing interest payments on the ever-increasing debt."
Another financial burden on the people of France was the lavish lifestyle of King Louis XVI and his wife, Marie Antoinette at their extravagant home of Versailles. The king and his ministers could not print money and create inflation to cover their debts. France had no central bank, paper currency or means of creating credit. French money was gold coin and when severe economic times hit, the government would beg for funds from the country's population.
French society was divided into three separate groups called estates. These groups, called the Estates General, met at irregular times for the purpose of contributing to the French government.
The First Estate was composed of the clergy of the Roman Catholic Church. Extremely wealthy, the group controlled educational institutions and censored the press. It was also divided into two groups: the bishops and abbots who were wealthy and had authority in the church, and the priests and monks who had modest incomes and little say in church affairs.
The Second Estate consisted of the nobility who owned 20% of all French land, which was not taxed by the government. By the 1780s, most political positions were controlled by the members of the Second Estate.
The Third Estate was made up of French commoners, such as the poorer bourgeois, artists, and peasants. The estate was the largest of the three, but held little, if any voting power. That began to change when the Third Estate declared itself the National Assembly on June 17, 1789 in order to gain a greater role in the government. The National Assembly eventually gained the support of the general public of France, thereby making it a force King Louis XVI could not ignore.
Meanwhile, the king tried to reassert his authority. He called for a spring session of the Estates General, which had not met since 1614. The Second Estate expected that the three estates would vote separately, but this infuriated the middle-class intellectuals. "They wanted the three estates to meet as a single house, so that commoners from the third estate would have the greatest voice and be able to prevent aristocratic control."
As the Third Estate struggled for equality at Versailles, France was going through economic collapse. The price of bread, a staple of the working poor, cost half a worker's wages. When the price of food soared to unheard of prices, the demand for manufactured goods fell and by the end of 1789, almost half of the French people were out of work.
While the clergy and nobility argued over what to do about the economic situation, peasants from across the French countryside rose up and became violent in their protests. The peasants were trying to rid themselves of the unfair practices brought upon them by the First and Second Estates. Although the Third Estate made gains in their demands for fair taxation and elimination of feudal dues, it wasn't enough. Unemployment and hunger continued.
Seven thousand desperate women marched 12 miles from Paris to Versailles. Armed with sticks and scythes, the women invaded the royal apartments at Versailles determined to kill the Queen. It took the National Guard to save the royal family, who then fled to Paris.
The National Assembly finally adopted a constitutional monarchy, which King Louis XVI accepted in July 1790. This form of government put all lawmaking power in the hands of the popularly elected National Assembly. By promoting economic freedom, the National Assembly reformed France's laws and institutions.
In August 1792, King Louis XVI and Marie Antoinette were suspected of treason and arrested. They were tried, convicted, and beheaded.
The French Revolution was inevitable. The majority of the people - the masses - were unfairly taxed, the king and his ministers were indifferent to the people's needs, only concerned for their own lavish lifestyle. When unemployment skyrocketed and families could not afford to buy bread, the people rose up in protest, demanding to be heard, demanding that they be treated equally. Only revolution could change the French government.
The French Revolution, like the American
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