Le GrandColombier
Saint-Pierre et Miquelon
g. The treaty of Versailles, 1783
Nevertheless, when the treaty of Versailles of 1783 established the return of Saint-Pierre and Miquelon to France, establishments were rebuilt and the population returned to the islands. The baron of l’Espérance had grand plans for the fortification of the islands and the building of a large settlement; however, French policy was more fiscally conservative.
The kingdom of France had declared bankruptcy some years earlier and after bankrolling the American Revolution, the coffers were empty, and no monies would be available for fortifications. All such plans were abandoned and the islands were to remain a fishing outport. By 1788, the economic situation in France had become so desperate that the Estates General had been called for the first time since 1615 to examine the King’s request to raise new taxes. France was on the verge of revolution.
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