The Dutch bankers advanced the treasury sufficient funds to forestall a crisis over the next year. The winter of 1788–89 was one of the bitterest in history. By the summer of 1789, the population suffered from famine. Necker intervened personally and successfully at the Amsterdam bank Hope & Co. to supply the 'King of France' with grain. He used the 2.4 million livres in the royal treasury as a collateral.
The Dutch bankers advanced the treasury sufficient funds to forestall a crisis over t.he next year. The winter of 1788–89 was one of the bitterest in history. By the summer of 1789, the population suffered from famine. Necker intervened personally and successfully at the Amsterdam bank Hope & Co. to supply the 'King of France' with grain. He used the 2.4 million livres in the royal treasury as a collateral