What Steps Did the Duke of Orléans (1674-1723), Regent to Louis

question 11

Multiple Choice

What steps did the duke of Orléans (1674-1723) , regent to Louis XV, take to shore up France's crumbling finances?

• A) He doubled the land tax, leading to widespread protests in rural areas throughout the kingdom.
• B) He canceled plans for further colonial expeditions in the New World.
• C) He founded a state bank to help the government service its debt, only to see the bank crash within a few months in the wake of a speculative bubble.
• D) He imposed high tariffs on British agricultural imports, particularly wool and cotton textiles.

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The gain or loss on an investment over a specified period, usually expressed as a percentage of the investment's cost.

Capital Income

Income earned on savings that have been put to use through financial capital markets.

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Payments made by a corporation to its shareholder members, typically from profits.

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The difference between total revenue and total costs, including both explicit and implicit costs, representing surplus or loss.