1789/05/05

       The French Revolution begins: Louis XVI, of the Kingdom of France, opens the meeting of the Estates-General—which had not met in over a century.  The purpose of the EG is raising taxes to replenish the treasury, which had been depleted by funding the first American Revolution.  The EG consists of three legislative houses:

  • The First Estate represents the clergy comprising one-half-percent of the population;
  • The Second Estate represents the nobility comprising two-percent of the population;
  • The Third Estate represents the commoners comprising 97.5% of the population.

       NOTE: Any two Estates can overrule the third, thus enabling the clergy and the nobility to force the commoners to bear the entire tax burden. 

       [added 8/1/2026]

Subsequent Events:

6/17/1789                 6/20/1789                   7/11/1789

References:

French Revolution – Wikipedia
en.wikipedia.org/wiki/French_Revolution

Estates General (France) – Wikipedia
en.wikipedia.org/wiki/Estates_General_(France)#1789

Timeline of the French Revolution – Wikipedia
en.wikipedia.org/wiki/Timeline_of_the_French_Revolution

Current U.s. National Debt:

$40,102,964,278,586

Source