What did the word livre stand for ?

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Unit of currency in France

Tax levied by the Church

Tax to be paid directly to the state

None of these

answer is A.

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Detailed Solution

The word livre stands for Unit of currency in France. It was abandoned in 1794. The conflict increased a debt above 2 billion lives by more than a billion. Moreover, lenders who had previously extended credit to the government now charge 10% interest on loans. As a result, the French government was forced to devote a growing portion of its budget to interest payments only. In addition, the state was compelled to raise taxes to cover its ongoing costs, including those associated with running its institutions, courts, government offices, and armies. Even this, though, would not have been sufficient. There were three estates in eighteenth-century French society, and only those in the third estate were required to pay taxes.

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