The Parlement de Paris (Superior Law Court of France) remonstrates with Louis XVI and his ministers over the issuance of more loan notes to cover the expenses of supporting the Americans in their war of Independence. Calonne proposes the privileged classes give up their tax exemptions.
Editors. "Financial crisis in France". The Literary Encyclopedia. First published 01 February 2010
[http://www.litencyc.com/php/stopics.php?rec=true&UID=4207, accessed 20 August 2014.]