Monday, July 14, 2008

Debt Rattle, July 14 2008: Quatorze Juillet

The Storming of the Bastille in Paris occurred on 14 July 1789. While the medieval fortress and prison in Paris known as the Bastille contained only seven prisoners, its fall was the flashpoint of the French Revolution. During the reign of Louis XVI, France faced a major financial crisis, triggered by the cost of intervening in the American War of Independence, and exacerbated by an unequal

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