Question

how did financial condition of France get deteroid​

Answer 1

• Long years of war had drained the financial resources of France.

• The French, under Louis XVI, helped the thirteen American colonies to gain independence from the common enemy, Britain.

• Added to these, was the cost of maintaining an extravagant court at the immense Palace of Versailles.

• The lenders who gave the state credit began to charge a 10 % interest on their loans. So, the French government was obliged to spend an increasing amount of their budget on paying the interest amount itself.

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