HIST 3902 Lecture Notes - Lecture 13: Life Annuity, Smallpox, Calvinism
22 Apr 2016
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War costs were incurred because of a foreign policy that was overwhelming and incoher- ent 1670-1770"s last war because revolution was wars fought with foreign policy that was too ambitious. Goal since louis xvi: make france the hegemonic state on the content and states trying to make this not happen - britain/prussia. Dominant in continent and overseas so france wealthiest and most populous state at this time unable to put together the military and fiscal resources to make this happen. Louis 14th - 18th century spanish succession 400,000 men in army never so large again until the wars of revolution. 1670 large navy and navy construction and expenditure and warfare, and the past warfare consumed the most of france"s state budget. War costs cannot and should not be met from current taxation alone, though taxes should be raised during wartime. Covering war costs requires future taxation" to supplement current taxation. Pay off bor- rowing, infrastructure must be paid off overtime.
