Palace of Versailles the construction of Versailles and the evolution of the role of the palace, construction costs were essentially a private matter. Initially, Versailles was planned to be an occasional residence for Louis XIV and was referred to as the "king's house". Accordingly, much of the early funding for construction came from the king's own purse, funded by revenues received from his "appanage" as well as revenues from the province of New France (Canada), which, while part of France, was a private possession of the king and therefore exempt from the control of the Parliaments. Once Louis XIV embarked on his building
Treaty of Versailles (1757) against Great Britain and had also prompted a financial crisis in Paris. Treaty of Versailles (1757) The Treaty of Versailles was a diplomatic agreement signed between Austria and France at the Palace of Versailles on 1 May 1757 during the Seven Years' War. It expanded on the 1756 First Treaty of Versailles, which had established the Franco-Austrian Alliance. It is thus commonly known as the Second Treaty of Versailles. In the new treaty, France agreed to assist Austria in regaining the province of Silesia from Prussia in exchange for Austria ceding the Austrian Netherlands to France at the war's conclusion,