Question

describe the problems of Louis XVI

Answer 1

1) Upon his accession, King Louis XVI found an empty treasury.

2) Long years of war had drained the financial resources of France.

3) He maintained an extravagant court at Versailles.

4) He helped the thirteen American Colonies to gain their independence from Britain.

5) The lenders, who gave the state credit, began to charge 10% interest on loans.