econmic condition of France under louis xvi
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1) Before French Revolution, and after accession of Louis XVI to throne, economic condition was very worse as the kingdom had empty treasury due to long years of war. 2) France had to face heavy debts of nearly 3 billion livres (French currency in 1794) and lenders charged 10% interest on loans of state credit.
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1) Before French Revolution, and after accession of Louis XVI to throne, economic condition was very worse as the kingdom had empty treasury due to long years of war. 2) France had to face heavy debts of nearly 3 billion livres (French currency in 1794) and lenders charged 10% interest on loans of state credit.
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