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The term old regime refers to a political system that was established in the country of France during the 15th century. The system was implemented until the late 18th century.
It was very old fashioned hence the world ancien which meant old. This meant that it didn't move with the rapid modernization of the western world and therefore was hated by many people. The taxes and things as such was very much based on the facts and figures of the time periods between 1700-1800, and as you know money was much higher back then. Therefore 10% of the incomes (which was what it was in the ancien regime) was quite alot for the people now. There is a very close saying of the president of the time and this statement by the inventor of the old regime '(H)ail (A)nciem (K)eron (A)esdi (N)ais' which translates to 'The anciem regime is oficialy old'
They resented their lack of political power under the Old Regime.
It meant nothing to the Ancient Regime. Absolute Monarchs ruled by Divine Right and with the full blessing of the Catholic Church. Under that set of rules and guidance there could be no Rights of Man and the Citizen.
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The nobles who fled France but hoped to restore the monarchy were the Emigres.