3.4- Necker and the Necklace
Revolutions
00:00
Necker's Successor and Financial Trouble
- Necker was succeeded by Jean-François Joly de Fleury, who came from an anti-Enlightenment family.
- Fleury quickly realized the dire financial situation and said, "Holy crap. We have got to raise taxes."
- He managed to push through a new tax, but it was only enough to cover interest payments on existing loans, forcing him to borrow even more money.
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