describe any five causes which led to imposing fresh taxes by Louis XVI
Answers
Answered by
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HEYA MATEY ...
YOUR ANSWER IS AS FOLLOWS ...
⬜ CAUSES OF THE RISE IN TAXES ...
✴ LOUIS XVI , FOUND THE TREASURY EMPTY.
✴ THE COST OF THE MAINTENENCE OF THE EXTRAVAGENT COURT AT THE IMMENSE,PALACE OF VERSAILESWAS ALSO ADDED .
✴ FRANCE HELPED 13 AMERICAN COLONIES TO GAIN THEIR INDEPENDENCE FROM THEIR COMMON ENEMY , BRITAIN.
✴ THE WAR ADDED MORE THAN A BILLION LIVRES TO A DEBT THAT HAD RISEN TO MORE THAN 2 BILLION LIVRES.
✴ LENDERS , WHO GAVE THE STATE CREDIT , BEGAN TO CHARGE 10 PERCENT INTEREST ON LOANS.
YOUR ANSWER IS AS FOLLOWS ...
⬜ CAUSES OF THE RISE IN TAXES ...
✴ LOUIS XVI , FOUND THE TREASURY EMPTY.
✴ THE COST OF THE MAINTENENCE OF THE EXTRAVAGENT COURT AT THE IMMENSE,PALACE OF VERSAILESWAS ALSO ADDED .
✴ FRANCE HELPED 13 AMERICAN COLONIES TO GAIN THEIR INDEPENDENCE FROM THEIR COMMON ENEMY , BRITAIN.
✴ THE WAR ADDED MORE THAN A BILLION LIVRES TO A DEBT THAT HAD RISEN TO MORE THAN 2 BILLION LIVRES.
✴ LENDERS , WHO GAVE THE STATE CREDIT , BEGAN TO CHARGE 10 PERCENT INTEREST ON LOANS.
Answered by
0
Answer:
Hey mate, Here is your answer...
Explanation:
- In 1774, Louis XVI of the Bourbon family of kings ascended the throne of France. Upon his accession the new king found an empty treasury.
- Long years of war had drained the financial resources of France. Added to this was the cost of maintaining an extravagant court at the immense palace of Versailles.
- Under Louis XVI, France helped the thirteen American colonies to gain their independence from the common enemy, Britain. The war added more than a billion livres to a debt that had already risen to more than 2 billion livres.
- Lenders who gave the state credit, now began to charge 10 per cent interest on loans.
- So the French government was obliged to spend an increasing percentage of its budget on interest payments alone.
- To meet its regular expenses, such as the cost of maintaining an army, the court, running government offices or universities, the state was forced to increase taxes.
Hope this helps.......... ; )
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