The Financial Decline of a Great Power
War, Influence, and Money in Louis XIV's France
From Our Blog
By Guy Rowlands When great powers decline it is often the case that financial troubles are a key component of the slide. The vertiginous decline of a state's financial system under extreme pressure, year after year, not only saps the strength and volume of financial activity, it also proves extremely difficult to reverse, and the great risk is that a disastrous situation is worsened by misguided and ultimately catastrophic attempts on the part of a government to dig itself out of its hole.
Posted on February 26, 2013
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