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1) The cost to build the palace of Versailles is believed to have been about $100 million. The exact cost cannot be determined; Louis XIV is believed to have had the records destroyed.

2) Versailles was an excellent example of the foolishness of some of Louis XIV's policies. Versailles was an enormous expense and strain on an economy already weakened by war. The cost of such lavishness was high, and the government was never able to raise enough money by taxation to pay for it. Attempts to introduce taxes from which no one would be exempt, even the nobles and privileged wealthy, were failures. Remembering earlier problems, the crown did not want to press hard on groups who counted their exemption from taxation as a mark of prestige. Unable to tax the wealthy or to raise new revenues for their armies, the government was periodically forced to repudiate the national debt. This action made borrowing difficult and expensive.

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Q: What was the cost of building the Palace of Versailles and how did it contribute to France's economic decline?
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