USA HISTORY

Detailed explanation-1: -Solution: Maintenance of and extravagant Court: France under various kings had an extravagant court at the Palace of Versailles. Wars and Economic Crisis: Long drawn wars already put a lot of pressure on the royal coffers. Which was followed by helping the thirteen American colonies to gain independence.

Detailed explanation-2: -Louis XIV and Colbert Colbert sought to strengthen the national treasury by increasing revenue and curtailing unnecessary spending.

Detailed explanation-3: -In 1710 the government of Louis XIV implemented a tax on income called the dixième (tenth) that required each property owner to declare the income that he received from any property that he owned.