Necker is finance minister (first time) (jun 29, 1777 – may 19, 1781)
Description:
Director-General of the Royal TreasuryProtestent
Commoner background
Could not hold office (religious reasons)
From Geneva
Was a constitutional monarchist
Publishes French budget (1st time ever done): "Compte rendu"
Budget says everything is fine - but he hid some debt.
By 1788 the inexorable compounding of interest on the national debt brought France to a fiscal crisis.
Necker was recalled to royal service.
When he was dismissed on 11 July 1789, it was a factor in causing the Storming of the Bastille.
Within two days Necker was recalled by the king and the assembly. Necker entered France in triumph and tried to accelerate the tax reform process.
Faced with the opposition of the Constituent Assembly he resigned in September 1790 to a reaction of general indifference.
Added to timeline:
Date:
jun 29, 1777
may 19, 1781
~ 3 years and 10 months