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aug 16, 1788 - Brienne announces suspension of payments (bankrupcy)

Description:

Mid 1788 —> France is effectively out of money
Now France has to pay with IOUs (promises)
Soldiers became major concern —> needed to be payed regularly:
to maintain loyalty + discipline
need money to buy bread (prices have doubled

Added to timeline:

French Revolution

ByHelena Bruzdziak
2 months ago
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0
227

Date:

aug 16, 1788
Now
~ 238 years ago
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