How Did American War Of Independents Add More Debts To France?
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The american war of independence added debts to France because despite the lack of economy and economical facilities France was helping 13 American colonies gain Independence . This meant the use of money and ammunition and the cost of all this was a factor in leaving an empty treasury when King Louis XVI ascended the throne. Unable to pay the money back France came under severe debts which they could not pay and the monarch was forced to impose taxes , which was a major reason due to which the French revolution took place.
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American War of Independence added more debts to France for several reasons.
Explanation:
- As the tension in America began to grow between colonists and the British, France decided to side with the colonists.
- France, before getting into the Independence War was in debt because of the French and Indian War.
- During the Independence War, France supported 13 colonies in America.
- France sent troops, arms, and ammunition along with naval support to guard American Coasts.
- It is estimated that France entered into debt by more than one billion livres.
- The debt in the country forced France King Louis VI to implement taxes on the third estate (middle class).
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How did the American war of independence add more debt to france
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