chapter
The world around war
The economic and civilian costs
Pages 5

France was in much the same financial position as Great Britain. However, France decided to borrow more money rather than levy taxes on the population. Unlike Britain, her trade suffered heavily from the Royal Navy blockade of the French ports, causing a further loss of revenue during the conflict. In 1753 the national debt was 1,360 million livres. By the end of the conflict the national debt had nearly doubled, climbing to 2,350 million livres. It cost 24.5 million livres a year just to keep the French armies in the field; most of this was spent on the regular army in Germany.