The king of France set Jacques Necker in general for the financial affairs of the financial affairs in 1788
News Time
In France’s history, 1788 is the year when the economic situation of the country has become disaster and the mainstream change in the country starts clouding. During this year, the general debt volume reached record level and rose to 4 billion pounds. The annual income of the state was estimated at Rs. 50 cores while the overall expenses exceeded 60 million pounds.
The golden coins That is, in the US’s autonomy war France spent around one billion dollars. This contributed to the increase in the volume of public debt of the country. Seeing the worst situation, the king of France supported the Economist and former Jacques Necker, who was Swiss-born in 1788. Jacques Necker, once again replaced the Minister of Finance, failed to save the country from economic disaster, was appointed general manager of the finance affairs on the ministerial level. Jacques Necker took over his position on August 25; 1788.He held an instant meeting of the Estates Journal Council consisting of a range of different classes of people a combination of economic changes and a financial law was approved so that the country reached bankruptcy. In the winter of 1788 to 1789, the temperature point went down even below all the territories in France. During this time, due to the snow-covering sheet, agriculture was in danger of destruction. All these factors have caused drought and famine in the country. Minister Jacques Necker stopped exporting wheat from France to reduce the severity of famine, and during this time France imported various food items.
During the meeting on May 5, 1789, Jacques Necker described a serious economic situation in the country in a 4-hour long speech and also demanded some economic reforms. Then on May 23, 1789, Minister Jacques Necker refused to come to the Estates Journal Council meeting because King Louis XVI, king of France, limited the proportion of discounted public offering while during this period, the class played a major role in the formation of the National Council. As a result, unusual differences between the king and the minister took birth.
On July 11, 1789, French King Louis XVI dismissed the Minister Jacques Necker in charge of offering massive rewards to the State Council. Jacques Necker escaped from the French land and decided to go to Switzerland to Brussels Switzerland. Jacques Necker’s dismissal decision broke out public anger and also wrapped the capital of Paris. Just three days after the dismissal of Jacques Necker, the French people attacked the Les Invalides compound in Paris. He turned the bastille from prison everywhere. Thus the people of Paris captured the prison on 14 July 1789. This event is counted as a spark that proves revolutionary France. Two days after the incident, on 16 July 1789, King Louis XVI, France, after talks with the people of Paris he once again called his former minister Jacques Necker on his position.
