The French Revolution began in 1789 and overthrew the French monarchy and feudal system of government. France was facing a financial crisis due to debt from wars and spending by the king and queen. Inspired by Enlightenment ideas, the Third Estate revolted and common people took to the streets due to high bread prices. The National Assembly was formed and abolished privileges of the clergy and nobility. However, internal conflicts led to the establishment of a republic and Reign of Terror under Robespierre. The revolution transformed France from an absolute monarchy to a constitutional monarchy and later a republic while also spreading ideas of liberty, equality and popular sovereignty.