Economy - Reasons for stagnation in the French economy
12 important questions on Economy - Reasons for stagnation in the French economy
What was the economy like in the 2nd half of the period?
Kings were nearly bankrupt and unable to wage war against the Huguenots e.g. by HIV coronation the crown owed 300 million livres to various creditors
Apart from the FWOR, why was there an economic crises in mid-century France?
- mini ice age
- bad harvests
List three economic consequences of the FWOR.
- monarchical debt
- disruption to agriculture
- disruption to trade
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HIV was very sympathetic to the demands and grievances of the peasantry in 1594, what does this suggest about the peasant situation?
It must be bad if the King takes notice - never happen before
All of Europe was suffering from economic depression but why was France hit the hardest?
The added effect of civil war.
What years were identified as poor harvests?
1565-68, 1570-73 and the 1590s
How much did yields in Burgundy fall by? What was the situation like in Bordeaux?
75% between 1560 and 1595. Wine exports in Bordeaux fell by 30% in the same period
What did French industry centre too heavily on? What did this mean?
luxury goods = failed to keep pace with population growth and the cost of living
What did gradual urbanisation see?
The emergence of a new working class centred around textile and printing industries.
What does economic prosperity fuel?
Social nobility e.g. the first half of the sixteenth century saw an increasing number of urban notables buying land in the countryside = creating a new group of bourgeois seigneurs.
How did civil war change the economy?
Destruction of crops and livestock - requisition of grain
- billeting led to demographic stagnation, popular unrest as well as a decrease in agricultural yield (e.g. 75% in Burgundy), grain prices rise 35% = "Subsistence Crises" and "Price Revolution"
What does venality bring? What are the social implications of venality?
Short term benefits but long term drain
Social implications = it promotes social mobility at the expense of entrepreneurialism
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