Name 5 reasons that France suffered a financial crisis in the late 1700s?.

The crisis came about primarily because of:

1. An inefficient and unfair tax structure

2. Outdated medieval bureaucratic institutions

3. Drained treasury which was the result of aiding the Americans during the American Revolution, long wars with England, overspending

4. An inequitable tax system which placed the burden of taxation on those least able to pay

5. King Louis XVI and the frivolous spending of the queen, Marie-Antoinette's lifestyle were extremely lofty.