Question

King louis 16 inherited an empty treasury . Why ?

Answer 1

1) Prolonged period of war drained the treasury of France at the time when LouisXVI ascended the throne2) France had to face the maintenance expenses of Versailles palace court and a debt of more than 2 billion livres fell on it as France had helped nearly 13 colonies to gain independence from British 3) As a result, the lenders charged 10% on interest onloans and state credit