USA HISTORY

Detailed explanation-1: -Anne-Robert-Jacques Turgot, baron de l’Aulne, (born, May 10, 1727, Paris, France-died March 18, 1781, Paris), French economist who was an administrator under Louis XV and served as the comptroller general of finance (1774–76) under Louis XVI .

Detailed explanation-2: -In 1776 Turgot stood up to the powerful trade guilds and introduced free trade and competition. He also replaced the corvée system of compulsory labour with a tax on property owners. The unpopularity of these measures, which riled the people no less than they did the upper classes, undermined Turgot’s position.

Detailed explanation-3: -In 1774, the newly ascendant Louis XVI appointed as his minister of finance a pro–Enlightenment economist and administrator named Anne–Robert–Jacques Turgot, a baron from a noble family with many generations of service to the kings of France. In office, Turgot sought to implement many reforms of the royal treasury.

Detailed explanation-4: -Anne Robert Jacques Turgot, Baron de l’Aulne (/tʊərˈɡoʊ/ toor-GOH; French: [tyʁgo]; 10 May 1727 – 18 March 1781), commonly known as Turgot, was a French economist and statesman. Originally considered a physiocrat, he is today best remembered as an early advocate for economic liberalism.

Detailed explanation-5: -Turgot had made too many enemies; in May 1776, he was dismissed. But his successor, Clugny de Nuis, died in October.