16. What was the lifestyle of the king Louis IX in France? Why do you think the treasure was drained in France?
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(i) Long years of war had drained the financial resources of France.
(ii) High cost of maintenance of immense palace of Versailles and court.
(iii) Under Louis XVI France helped the thirteen American colonies to gain independence.
(iv) War added to a debt.
(v) Lenders began to barge high interest on loans.
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