| Term | Definition |
| Seven Years War | This event caused the French monarchy to be "defeated and in debt" |
| American Revolution | The French supported the Americans in this event to spite the British |
| American Revolution | Necker said by ending participation in this event, France could balance its financial problems |
| loans | 1/2 of the royal budget went to paying off this expense |
| nobility | The tax exempt status of this group led to further financial problems |
| parlement | This legislative body protected the tax exempt status of the nobility |
| Louis XVI | The French Revolution came to a head during this monarch's rein |
| Maupeou | Minister to Louis XV that abolitshed the parlements and exiled its members |
| Louis XVI | To gain what he considered popular support, he reinstated the Parlements undoing Maupeou's reform |
| Necker | Louis XVI minister from Switzerland who stated that ending support of the American Revolution would lead to an economic surplus in France |
| Pensions | Necker pointed out that these payments to the aristocracy and court favorites led to further economic problems; this awareness made it harder for the monarchy to pass new taxes |
| Calonne | This Louis XVI minister proposed liberal economic reforms to improve the economy as well as undermine the aristocracy |
| Assembly of Notables | Term used to describe the aristocrats and clergy who Calonne turned to pass his economic plan |
| Necker | The Assembly of Notables called for the reinstatement of this minister after refusing Calonne's reforms |
| Estates General | The Assembly of Notables said they did not have the right to pass Calonne's reforms, they insisted that this French Legislative institution be reinstated |
| Brienne | Calonne's successor, a member of the Assembly of Notables, who came to realize that Calonne was correct- new taxation had to be allowed |
| don gratuit | Yearly grant from the church to the monarchy. It was taken away when Brienne asked for more money from the church |
| Assembly of the Clergy | Brienne turned to this group to get funding for the national debt |
| Richelieu | In the wake of the financial crisis, the nobility called for a restoration of rights to the time before this minister to Louis XIV |
| Brienne | He convinced the king to reinstate the Estates General after 150 years of the body not meeting |
| Necker | He would be reinstated after Brienne resigned |
| Estates General | The reinstatement of this legislative body ended Absolute Monarchy in France - 1788 |