In what circumstances Louis XVI ascended The Throne
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Hey, there your answer is_________,
⏩Under these circumstances Louis XVI ascended the throne :
✅The throne's treasury was empty.
✅ The prolonged war had taken is toll on the financial resources.
✅ The social burdens caused by the war included the huge war debt, made worse by the monarchy's military failures and ineptitude and the lack of social services for war veterans.
✅ Large existing debts and a history of renouncing earlier ones meant that the country was forced to borrow at higher interest rates than some other countries.
✅ The wars added in billion livres to an already existing debtbof more than two billion livres.
✅ Lenders used to give loans to the state at rate of ten percent interest on the principal amount.
✅ By 1789, the state was to spend nearly half it's yearly revenues paying the interest it owed.
✔ Hope it may helps u...!!! ☺
⏩Under these circumstances Louis XVI ascended the throne :
✅The throne's treasury was empty.
✅ The prolonged war had taken is toll on the financial resources.
✅ The social burdens caused by the war included the huge war debt, made worse by the monarchy's military failures and ineptitude and the lack of social services for war veterans.
✅ Large existing debts and a history of renouncing earlier ones meant that the country was forced to borrow at higher interest rates than some other countries.
✅ The wars added in billion livres to an already existing debtbof more than two billion livres.
✅ Lenders used to give loans to the state at rate of ten percent interest on the principal amount.
✅ By 1789, the state was to spend nearly half it's yearly revenues paying the interest it owed.
✔ Hope it may helps u...!!! ☺
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