Jacques Necker | Wikipedia audio article
Channel: wikipedia tts
Date: 2018-12-06

This is an audio version of the Wikipedia Article:
Jacques Necker


00:01:32 1 Early life
00:05:07 2 Finance Minister of France
00:07:48 2.1 Compte rendu au roi
00:13:06 3 The one non-noble minister
00:16:33 3.1 Assignats
00:23:02 4 Retirement
00:26:27 5 Personal life
00:26:36 5.1 Family
00:27:50 6 Places named after Jacques Necker
00:28:07 7 Works
00:30:49 8 Notes
00:30:58 9 Further reading
00:32:36 10 External links



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SUMMARY
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Jacques Paul Necker (IPA: [ʒak nɛkɛʁ]; 30 September 1732 – 9 April 1804) was a banker of Genevan origin who became a French statesman and finance minister for Louis XVI. Necker played a key role in French history before and during the first period of the French Revolution.Necker held the finance post between 1777-1781 and "is remembered today for taking the unprecedented step in 1781 of making public the country’s budget, a novelty in an absolute monarchy where the state of finances had always been kept a secret." Necker was dismissed within a few months. By 1788 the inexorable compounding of interest on the national debt brought France to a fiscal crisis. Necker was recalled to royal service. When he was dismissed on 11 July 1789 it caused the Storming of the Bastille. Within a week Necker was recalled by the king and entered France in triumph. He remained in office for another year and tried to accelerate the tax reformprocess. Faced with the opposition of the Constituent Assembly, who changed the status of assignats to legal tender notes, he resigned in September 1790 to a reaction of general indifference. 
Necker, apparently a constitutional monarchist, was also a political thinker and a moralist. He wrote a severe critique of the new principle of equality before the law. Necker fully embraced the label of moderate and the concept of the golden mean.