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.

Question

Quizplus · Accepted Answer

The Duke of Orléans, as regent for Louis XV, attempted to address France's financial issues by founding a state bank. This was part of a broader financial reform effort led by John Law, which ultimately failed and led to a speculative bubble known as the Mississippi Bubble, resulting in the bank's crash.

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