No, Louis the 16th is the one that put France in a lot of debt, Louis the 16th is his grandfather, and a legend.
Louis the 14th:
A member of the House of France was placed on the throne of Spain by Louis XIV, effectively ending the centuries-old threat and menace that had arisen from that quarter of Europe since the days of Charles V. The House of Bourbon retained the crown of Spain for the remainder of the eighteenth century, but experienced overthrow and restoration several times after 1808. Nonetheless, to this day, the Spanish monarch is descended from Louis XIV.
Louis' numerous wars effectively bankrupted the State (though it must also be said that France was able to recover in a matter of years), forcing him to incur large State debts from various financiers and to levy higher taxes on the peasants as the nobility and clergy had exemption from paying these taxes and contributing to public funds. Yet, it must be emphasized that it was the State and not the country which was impoverished. The wealth and prosperity of France, as a whole, could be noted in the writings of the social and political thinker and commentator Montesquieu in his satirical epistolary novel, Lettres Persanes. While the work mocks and ridicules French political, cultural and social life, it also portrays and describes the wealth, elegance and opulence of France between the end of the War of the Spanish Succession and Louis XIV's death
Louis the 16th:
When Louis XVI succeeded to the throne in 1774, he was nineteen. He had an enormous responsibility, as the government was deeply in debt, and resentment towards 'despotic' monarchy was on the rise. Louis also felt woefully unqualified for the job. He aimed to earn the love of his people by reinstating the parlements. While none doubted Louis’s intellectual ability to rule France, it was quite clear that, although raised as the Dauphin since 1765, he was indecisive and not firm enough to rule. Louis therefore appointed an experienced advisor, Jean-Frédéric Phélypeaux, comte de Maurepas who, until his death in 1781, would take charge on many important ministerial decisions.
Radical financial reforms by Turgot and Malesherbes angered the nobles and were blocked by the parlements who insisted that the King did not have the legal right to levy new taxes. So Turgot was dismissed in 1776 and Malesherbes resigned in 1776 to be replaced by Jacques Necker. Necker supported the American Revolution, and proceeded with a policy of taking out large international loans instead of raising taxes. When this policy failed miserably, Louis dismissed him, and replaced him in 1783 with Charles Alexandre de Calonne, who increased public spending to 'buy' the country's way out of debt. Again this failed, so Louis convoked the Assembly of Notables in 1787 to discuss a revolutionary new fiscal reform proposed by Calonne. When the nobles were told the extent of the debt, they were shocked into rejecting the plan. This negative turn of events signaled to Louis that he had lost the ability to rule as an absolute monarch, and he fell into depression.
As power drifted from him, there were increasingly loud calls for him to convoke the Estates-General, and in May 1789 he did so, summoning it for the first time since 1614 in a last-ditch attempt to get new monetary reforms approved. This convocation was one of the events that transformed the general economic and political malaise of the country into the French Revolution, which began in June 1789, when the Third Estate unilaterally declared itself the National Assembly. Louis's attempts to control it resulted in the Tennis Court Oath (serment du jeu de paume, 20 June), and the declaration of the National Constituent Assembly on 9 July. Within three short months, the majority of the king's executive authority had been transferred to the elected representatives of the people's nation. The storming of the Bastille on 14 July served to reinforce and emphasize this radical change in the mind of the masses.
Answered By: LLLLLLLLLLLLLLLLLLLLLLLLLLLLL| - 3/15/2009