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In 1774, when Louis XVI of the Bourbon family of kings ascended the throne of France, he found an empty treasury. Long years of war had drained the financial resources of France.The cost of maintaining an extravagant court had added to the load.&nbsp;</li> <li>He helped the thirteen American colonies to gain their independence from the common enemy, Britain.&nbsp;</li> <li>The war costed more than a billion livres to a debt that had already risen to more than 2 billion livres.&nbsp;</li> <li>Lenders began to charge 10 per cent interest on loans.</li> <li>To meet its regular expenses, such as the cost of maintaining an army, the court, running government offices or universities, the state increased taxes.</li> <li>The members of the third estate had to pay taxes.</li></ul>