FRENCH REVOLUTION
FRANCE UNDER NAPOLEON
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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war with England.
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failed exploration and expansion attempts.
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giving financial aid to the United States.
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putting down rebellions in France’s colonies.
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Detailed explanation-1: -French involvement in the Seven Years’ War and the American War of Independence added substantially to the state’s debts. Jacques Necker, finance minister from 1777 and 1781, had largely funded France’s war effort through loans. As a result the state debt ballooned to between 8 and 12 billion livres by 1789.
Detailed explanation-2: -During the Revolution, the French Government also provided the Americans with loans, eventually totaling over two million dollars, most of which were negotiated by Benjamin Franklin.
Detailed explanation-3: -During the war, France shouldered a financial burden similar to that of Great Britain, as debt from the American Revolutionary War was piled upon already existing debts from the Seven Years’ War. The French spent 1.3 billion livres on war costs equivalent to 100 million pounds sterling (at 13 livres to the pound).