Episode 1 of 2
Repudiation of two-thirds of France's public debt
- When
- 30 September 1797
- Where
- French Directory government seat
- Part of
- French Debt Repudiation
Finance Minister Ramel-Nogaret repudiated two-thirds of France's public debt on 30 September 1797, under the Directory.
On 30 September 1797, Dominique-Vincent Ramel, Minister of Finance under the French Directory, repudiated two-thirds of France's public debt. The measure came from the minister who had been appointed in February 1796 for his special study of tax issues and who pursued energetic financial reform, though he would later be blamed for many of the period's financial problems.
Sources
- Dominique-Vincent Ramel-Nogaret Wikipedia, revision of 2026-02-28
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.