\tIn 1774, Louis XVI becomes the king of France and faces empty treasury due to long years of war which drained financial resources and discontent within the society was increasing.\tHe helped 13 American colonies to gain their independence from the common enemy, Britain. This war added more than 3 billion livres for which the moneylenders began to charge 10% interest on loans.\tTo meet its regular expenses, such as the cost of maintaining an army, the court, running government offices or universities, the state was forced to increased taxes.