List 3 factor which contributed to the financial crisis in France
Answers
Answered by
12
u can choose any 3
hope this helps you
hope this helps you
Attachments:
iamjaahnvi30:
if it helps you please mark it as brainlist
Answered by
12
Hi buddy,
............
....................
The factors contributing to the financial crisis were:
(i) Long years of wars and French involvement with the American War of Independence drained the financial resources.
(ii) The burden of interest payments on state loans increased the debt.
(iii) Luxurious living of Louis XVI and the extravagant court.
(iv) The faulty system of taxation itself was a cause of the economic crisis. The privileged classes were exempted from state dues while the unprivileged with scarce resources were burdened with heavy taxes.
............
....................
The factors contributing to the financial crisis were:
(i) Long years of wars and French involvement with the American War of Independence drained the financial resources.
(ii) The burden of interest payments on state loans increased the debt.
(iii) Luxurious living of Louis XVI and the extravagant court.
(iv) The faulty system of taxation itself was a cause of the economic crisis. The privileged classes were exempted from state dues while the unprivileged with scarce resources were burdened with heavy taxes.
Similar questions