French Revolution- Turgot

When was Turgot finance minister?

1774-1776

How did Turgot successfully reduce royal expenditure?

He cut down royal expenses by reducing the number of pensions being granted by LXVI and he regularly produced a detailed budget (govt awareness of spending levels), he also made government departments submit their expenses to him and reduced their spending

What procedure had to be used for Turgot's six edicts to pass in 1776?

Lit de justice (Turgot could not get people to agree with his policy)

How did Turgot address the budget deficit?

He increased the efficiency of tax farmers and helped to reduce the deficit

How was Turgot able to get loans?

His reduction of the budget deficit meant that France appeared more trustworthy to lenders-- he secured a loan from Dutch bankers in 1776

What was Turgot's 5th edict?

Supressing guilds to free up competition

What was Turgot's 6th edict?

Abolishing corvee and replacing it with a universal landed tax

How did Turgot fail in the policy area of the American War of Independence?

He was unable to stop France's (expensive) involvement in it although he opposed it-- secret deals and aid to America went ahead

How did nobles in LXVI's court react to Turgot's proposal of universal land tax?

They (obviously) opposed it-- fails

What was the long-term impact of Turgot's six edicts?

They had no long-term impact, they do not outlive him and after he resigns they're ignored

How did Turgot's policy of freeing up grain controls fail?

He freed up grain at the same time as poor grain harvest in 1774, leading to the bread riots from 1774-1775

How did the Paris parlement inhibit the success of Turgot?

They remonstranced against his 5th and 6th edicts