The financial decline of a great power war, influence, and money in Louis XIV's France
by
Rowlands, Guy.
Title
:
The financial decline of a great power war, influence, and money in Louis XIV's France
Author
:
Rowlands, Guy.
ISBN
:
9780191636943
9786613951939
9781283639477
9780191744600
Personal Author
:
Rowlands, Guy.
Publication Information
:
Corby : Oxford University Press, 2012.
Physical Description
:
1 online resource.
Abstract
:
The financial humbling of a great power in any age demands explanation. In the War of the Spanish Succession (1701-14) Louis XIV's France had to fight way beyond its borders and the costs of war rose to unprecedented heights. With royal income falling as economic activity slowed down, the widening gap between revenue and expenditure led the government into a series of desperate expedients. Ever-larger quantities of credit, often obtained through fairly novel and poorly-understood financial instruments, were combined with ill-advised monetary manipulations. Moreover, through poor ministerial management the system of earmarking revenues for spending descended into chaos. All this forced up the cost of loans, foreign exchange, and military logistics as government contractors and bankers built the mounting risks into the price of their contracts and sought to profit from the situation.
Subject Term
:
BUSINESS & ECONOMICS / Economic Conditions
BUSINESS & ECONOMICS / Economic History
BUSINESS & ECONOMICS / Economics / Comparative
POLITICAL SCIENCE / Economic Conditions
Economic history. (OCoLC)fst00901974
Geographic Term
:
France -- Economic conditions -- 17th century.
France -- History -- Louis XIV, 1643-1715.
France. (OCoLC)fst01204289
Genre
:
Electronic books.
History. (OCoLC)fst01411628
Electronic Access
:
Library | Material Type | Item Barcode | Shelf Number | Status |
---|
IYTE Library | E-Book | 521848-1001 | HC275 | Online |