French revolution

seven years war

1756-63, british vs french

1774

accession of louis XVI

turbot’s financial reforms

1774, six edicts: abolishing price controls; reducing restrictions on trade by guilds; promoting enterprise; proposed economies in spending; new property tax; aimed to replace the corvée with a new system of road maintenance.

france entered the american war of independence

1778

necker become chief financial officer

1777-81, reduce venal offices, wrote compte rendu of 1781

calonne’s financial reforms

1783-87, introduces economies, establishes sinking funds, reissued gold coinage, a new land tax to end tax privileges, free trade to increase prosperity. assembly of notables called by him.

meeting of the assembly of notables

feb 1787