History of Europe

What were Louis XVI solutions to the economic crisis?

1. Turgot's reforms

* Free trade in grain

* Abolition of the guilds

* Reduction of government spending

* More equal taxation

2. Necker's reforms

* Balanced the budget

* Reduced the national debt

* Established the first national bank

3. Calonne's reforms

* Proposed a new land tax

* Proposed a new stamp duty

* Proposed a new sales tax

4. Brienne's reforms

* Doubled the capitation tax

* Increased the gabelle

* Imposed a new stamp duty

* Imposed a new sales tax

5. Lomenie de Brienne's reforms

* Proposed a new land tax

* Proposed a new stamp duty

* Proposed a new sales tax

* Proposed a new income tax

6. Necker's second term as finance minister

* Restored free trade in grain

* Reduced the gabelle

* Reduced the capitation tax

* Proposed a new land tax

7. The Estates-General

* The Estates-General was called in 1789 to address the financial crisis.

* The Estates-General could not agree on a solution to the crisis, and it was eventually dissolved.