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@article{ART001079137},
author={Yoon Eun Joo},
title={The Management of Financial Deficit under the Ancien Regime},
journal={Korean Review of French History},
issn={1229-702X},
year={2007},
number={17},
pages={91-126}

TY - JOUR
AU - Yoon Eun Joo
TI - The Management of Financial Deficit under the Ancien Regime
JO - Korean Review of French History
PY - 2007
VL - null
IS - 17
PB - KOREAN SOCIETY FOR FRENCH HISTORY
SP - 91
EP - 126
SN - 1229-702X
AB - This article aims to examine the management of financial deficit under the Ancien Regime and to analyse how this kingdom could become a great power in Europe in spite of its financial incompetence. In fact, the resistance of the Parliament to the increment of taxes was so tenacious that the balance of the budget was difficult to achieve. So, it is mysterious that Ancient Regime, well known for its financial incompetence, could finance so many wars and support the luxurious court. ‘The extraordinary affairs’ offered Ancient Regime a clever solution, because they not only covered the financial deficit and reduced the national debts but also relaxed the political tensions of the monarchy. Ancient Regime succeeded in reducing the financial deficit without raising taxes and without causing any serious political conflict. In this respect, the ‘extraordinary affairs’ must rather be a sign of flexibility of Ancient Regime than temporary expedients. The monarchy could survive as long as these ‘extraordinary affairs’ were efficient. But, in the eighteenth century when the financial structure and private money market fell under the control of financiers and when Ancien Regime could not exercise the extraordinary affairs any more, the real financial crisis began. This time, Ancien Regime was obliged to reconsider its financial structure and to revise its taxation system. French Revolution began with these financial reforms which could menace the property and privilege of aristocracy.
KW - Ancient Regime;Extraordinary Affairs;Financial Deficit;Financial Reforms;Financial Structure;Taxation System
DO -
UR -
ER -

Yoon Eun Joo. (2007). The Management of Financial Deficit under the Ancien Regime. Korean Review of French History, 17, 91-126.

Yoon Eun Joo. 2007, "The Management of Financial Deficit under the Ancien Regime", Korean Review of French History, no.17, pp.91-126.

Yoon Eun Joo "The Management of Financial Deficit under the Ancien Regime" Korean Review of French History 17 pp.91-126 (2007) : 91.

Yoon Eun Joo. The Management of Financial Deficit under the Ancien Regime. 2007; 17 : 91-126.

Yoon Eun Joo. "The Management of Financial Deficit under the Ancien Regime" Korean Review of French History no.17(2007) : 91-126.

Yoon Eun Joo. The Management of Financial Deficit under the Ancien Regime. Korean Review of French History, 17, 91-126.

Yoon Eun Joo. The Management of Financial Deficit under the Ancien Regime. Korean Review of French History. 2007; 17 91-126.

Yoon Eun Joo. The Management of Financial Deficit under the Ancien Regime. 2007; 17 : 91-126.

Yoon Eun Joo. "The Management of Financial Deficit under the Ancien Regime" Korean Review of French History no.17(2007) : 91-126.