Analyse three causes that lead to the draining of French treasury under king Louis XVI
Answers
war and economic crisis= in 1774 when louis xvi ascended the throne he found an empty treasure. the nation had gon into deep debt because of fighting in seven years war (1756-1763) and the revolutionary war in america under louis xvi. in this war france helped the 13 anerican colonies to gain their independence from Britain. the war were added more than a billion livers to a debt had a already risen to more than 2 billion livers
debt trap= lenders who gave state credits now began to change 10 per cent intrest on loans. so the french government was obliged to spend an increasing percentage of its budget on intrest paymenta alone. to meet its regular maintaining such as cost of maintaining an army the court runnung government offices or University the state was increased taxes
extravagent court= france under various kings had a extravagent court at the immense palace of Versailles