18th century
At the death of Louis XIV in 1715 Philip of Orléans, his nephew, became regent. The Scottish economist John Law was put in charge of finance. To fill the sadly depleted exchequer Law established the use of paper money, which turned out to be a disastrous experiment (1720). The Polish Succession War (Treaty of Vienna, 1735-1738, through which the French crown ultimately acquired the Duchy of Lorraine), the War of the Austrian Succession (Treaty of Aachen, 1748) and the Seven Years' War (Treaty of Paris, 1763, confirming the ruin of the French colonial empire to the benefit of England) were less onerous than the wars of the l7th century, but financial difficulties in a rapidly expanding economy made reforms necessary. Louis XV tried in 1749 to institute equal taxation for all by exacting a twentieth. This resulted in a revolt of the privileged, the ` tax war ', and the dissolution of the parlement.
The accession of Louis XVI (1774) roused hopes that the reforms would be carried out under the ministry of Turgot (Baron de Laune), a champion of liberalism and a friend of the physiocrats and philosophers of the time. After the failure first of Turgot and then of Jacques Necker, Louis was obliged to summon the States General at Versailles on 5th May 1789. The distressed condition of the populace, particularly in Paris, the ineptitude of king and court, the symbolic capture of the Bastille and the unrest in the provinces made the role of the National Constituent Assembly pre-eminent. The Assembly issued the Declaration of the Rights of Man (1789), and by the Constitution of 1791 absolute monarchy was abolished and legislative power was invested in an assembly. The National Convention (September 1792 - October 1795) founded the Republic, condemned Louis XVI to death, legislated public instruction, imposed the metric system, standardised weights and measures and united the five academies to form the Institute. Popular revolutionary vandalism, however, could not be checked. The Terror raged until the execution of Robespierre on 28th July (10th Thermidor) 1794. The Directory (October 1795 - November 1799) was beset with financial and internal difficulties, but it triumphed at the Treaty of Campo Formio thanks to the military genius of General Napoleon Bonaparte (Italian campaign). Returning from the Egyptian campaign Bonaparte took power by the coup d'état of 18th Brumaire (9th November) 1799.
The growth in overall population (18,000,000 in 1715; 26,000,000 in 1789), the beginnings of industrialised production and of modern finance, the introduction of English techniques into metallurgy, the foundation of Creusot, centre of heavy industry, the establishing of the Bourse (Stock Exchange) in 1724 and the backward state of agriculture contributed to the growth of urban population.
Religion was no longer pre-eminent; the bad example of the Regency, the libertinage of the court, the mockery of Voltaire and the materialistic scepticism of the encyclopedists led up to the fanatical atheism of the revolutionaries.