Étienne De Silhouette
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Étienne De Silhouette
Étienne de Silhouette (5 July 1709 – 20 January 1767) was a French Ancien Régime Controller-General of Finances under Louis XV. Life Sometimes said to be akin to the next Niccolò Machiavelli, he was born at Limoges where his father Chevalier Arnaud de Silhouette, of Biarritz or ''de Zulueta'' (in Basque), had been posted as a Bourbon administrator. De Silhouette studied finance and economics assiduously and spent a year in London learning about the economy of Britain. He translated into French several works by Alexander Pope, Henry Bolingbroke, William Warburton's ''The Alliance between Church and State'', (1736) as ''Dissertations sur l'Union de la Religion, de la Morale, et de la Politique'' (1742) and Baltasar Gracián's ''El político''. The Prince of Condé's party later used his translations from English to criticize him, but Madame de Pompadour's support and vision saw him awarded with the position of Controller-General on 4 March 1759; this was one of the most ...
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Controller-General Of Finances
The Controller-General or Comptroller-General of Finances () was the name of the minister in charge of finances in France from 1661 to 1791. It replaced the former position of Superintendent of Finances (''Surintendant des finances''), which was abolished with the downfall of Nicolas Fouquet. It did not hold any real political power until 1665, when First Minister Jean-Baptiste Colbert, who had acted upon financial matters since Fouquet's embezzlement charge, was appointed to the office. History The term ''"contrôleur général"'' in reference to a position of royal accounting and financial oversight had existed in various forms prior to 1547, but the direct predecessor to the 17th century "Controller-General" was created in 1547, with two position-holders whose job was to verify the accounts of the Royal Treasurer (''Trésorier de l'Échiquier''), then the head of the royal financial system. The name of the charge of the controllers came from their account book, or ''contre-rôle' ...
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William Warburton
William Warburton (24 December 16987 June 1779) was an English writer, literary critic and churchman, Bishop of Gloucester from 1759 until his death. He edited editions of the works of his friend Alexander Pope, and of William Shakespeare. Life Warburton was born on 24 December 1698 at Newark, England, Newark, Nottinghamshire, where his father, George Warburton was town clerk. He was educated at Oakham and Newark grammar schools, and in 1714, he was articled to Mr Kirke, an attorney, at East Markham. In 1719, after serving his articles he returned to Newark, where he began to practise as a solicitor, but, having studied Latin and Greek language, Greek, changed his mind and was ordained deacon by the Archbishop of York in 1723. He was ordained as a priest in 1726, and in the same year began to associate with literary circles in London. Sir Robert Sutton (Lincolnshire), Robert Sutton gave Warburton the small living of Greasley, in Nottinghamshire, exchanged next year for that o ...
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Budget
A budget is a calculation plan, usually but not always financial plan, financial, for a defined accounting period, period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including time, costs and expenses, environmental impacts such as greenhouse gas emissions, other impacts, assets, Liability (financial accounting), liabilities and cash flows. Companies, governments, families, and other organizations use budgets to express strategic planning, strategic plans of activities in measurable terms. Preparing a budget allows Company, companies, Public authority, authorities, private entities or Family, families to establish priorities and evaluate the achievement of their objectives. To achieve these goals it may be necessary to incur a Deficit spending, deficit (expenses exceed income) or, on the contrary, it may be possible to save, in which case the budget will present a Surplus (economics), surplus (income exceed expense ...
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Voltaire
François-Marie Arouet (; 21 November 169430 May 1778), known by his ''Pen name, nom de plume'' Voltaire (, ; ), was a French Age of Enlightenment, Enlightenment writer, philosopher (''philosophe''), satirist, and historian. Famous for his wit and his criticism of Christianity (especially Criticism of the Catholic Church, of the Roman Catholic Church) and of slavery, Voltaire was an advocate of freedom of speech, freedom of religion, and separation of church and state. Voltaire was a versatile and prolific writer, producing works in almost every literary form, including Stageplay, plays, poems, novels, essays, histories, and even scientific Exposition (narrative), expositions. He wrote more than 20,000 letters and 2,000 books and pamphlets. Voltaire was one of the first authors to become renowned and commercially successful internationally. He was an outspoken advocate of civil liberties and was at constant risk from the strict censorship laws of the Catholic French monarchy. H ...
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Silver
Silver is a chemical element; it has Symbol (chemistry), symbol Ag () and atomic number 47. A soft, whitish-gray, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. Silver is found in the Earth's crust in the pure, free elemental form ("native metal, native silver"), as an alloy with gold and other metals, and in minerals such as argentite and chlorargyrite. Most silver is produced as a byproduct of copper, gold, lead, and zinc Refining (metallurgy), refining. Silver has long been valued as a precious metal. Silver metal is used in many bullion coins, sometimes bimetallism, alongside gold: while it is more abundant than gold, it is much less abundant as a native metal. Its purity is typically measured on a per-mille basis; a 94%-pure alloy is described as "0.940 fine". As one of the seven metals of antiquity, silver has had an enduring role in most human cultures. Other than in currency and as an in ...
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War Economy
A war economy or wartime economy is the set of preparations undertaken by a modern state to mobilize its economy for war production. Philippe Le Billon describes a war economy as a "system of producing, mobilizing and allocating resources to sustain the violence." Some measures taken include the increasing of interest rates as well as the introduction of resource allocation programs. Approaches to the reconfiguration of the economy differ from country to country. Many states increase the degree of planning in their economies during wars. That in many cases extends to rationing and in some cases to conscription for civil defense, such as the Women's Land Army and Bevin Boys in the United Kingdom during World War II. During total war situations, certain buildings and positions are often seen as important targets by combatants. The Union blockade, Union General William Tecumseh Sherman's March to the Sea during the American Civil War, and the strategic bombing of enemy cities an ...
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Government Debt
A country's gross government debt (also called public debt or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt. In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to stimulus measures during the Great Recession, and the COVID-19 recession. Governments may take on debt when the government's spending desires do not match government revenue flows. Taking deb ...
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Free Trade
Free trade is a trade policy that does not restrict imports or exports. In government, free trade is predominantly advocated by political parties that hold Economic liberalism, economically liberal positions, while economic nationalist political parties generally support protectionism, the opposite of free trade. Most nations are today members of the World Trade Organization multilateral trade agreements. States can unilaterally reduce regulations and duties on imports and exports, as well as form bilateral and multilateral free trade agreements. Free trade areas between groups of countries, such as the European Economic Area and the Mercosur open markets, establish a free trade zone among members while creating a protectionist barrier between that free trade area and the rest of the world. Most governments still impose some protectionist policies that are intended to support local employment, such as applying tariffs to imports or Subsidy, subsidies to exports. Governments may ...
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Ferme Générale
The ''ferme générale'' (, "general farm") was, in ''ancien régime'' France, essentially an outsourced customs, excise and indirect tax operation. It collected duties on behalf of the King (plus hefty bonus fees for themselves), under renewable six-year contracts. The major tax collectors in that highly unpopular tax farming system were known as the ''fermiers généraux'' (singular ''fermier général''), which would be ''tax farmers-general'' in English. In the 17th and 18th centuries the ''fermiers généraux'' became immensely rich and figure prominently in the history of cultural patronage, as supporters of French music, major collectors of paintings and sculpture, patrons of the '' marchands-merciers'' and consumers of the luxury arts in the vanguard of Parisian fashions. In his 1833 novel '' Ferragus'', writer Honoré de Balzac attributes the sad air that hangs about the Île Saint-Louis in central Paris to the many houses there owned by fermiers généraux. Their sons ...
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French Livre
The livre (abbreviation: Pound sign, £ or Livre tournois, ₶., French language, French for (pound)) was the currency of Kingdom of France and its predecessor states of Francia and West Francia from 781 to 1794. Several different livres existed, some concurrently. The livre was the name of coins and of units of account. History Origin and etymology The livre was established by Charlemagne as a unit of account equal to one Pound (mass), pound of silver. It was subdivided into 20 ''French sol, sous'' (also ''sols''), each sou equalling 12 ''French denier, deniers''. The word ''livre'' came from the Latin word ''Ancient Roman units of measurement#Weight, libra'', a Roman unit of weight and still the name of a Pound (mass), pound in modern French, and the denier comes from the Roman denarius. This system and the denier itself served as the model for many of Europe's currencies, including the British pound, Italian lira, Spanish dinero and the Portuguese dinheiro. This first l ...
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Seven Years' War
The Seven Years' War, 1756 to 1763, was a Great Power conflict fought primarily in Europe, with significant subsidiary campaigns in North America and South Asia. The protagonists were Kingdom of Great Britain, Great Britain and Kingdom of Prussia, Prussia versus Kingdom of France, France and Habsburg monarchy, Austria, the respective coalitions receiving by countries including Portuguese Empire, Portugal, Spanish Empire, Spain, Electorate of Saxony, Saxony, Age of Liberty, Sweden, and Russian Empire, Russia. Related conflicts include the Third Silesian War, French and Indian War, Carnatic wars, Third Carnatic War, Anglo-Spanish War (1762–1763), Anglo-Spanish War (1762–1763), and Spanish–Portuguese War (1762–1763), Spanish–Portuguese War. Although the War of the Austrian Succession ended with the Treaty of Aix-la-Chapelle (1748), none of the signatories were happy with the terms, and it was generally viewed as a temporary armistice. It led to a strategic realignment kn ...
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