Question

On ascending the throne of France, Louis x v I found empty treasury? give reasons.

Answer 1

1. BECAUSE FRANCE WAS HELPING 13 COLONIES OF AMERICA TO ATTAIN FREEDOM FROM BRITAIN.
2. THE VERSAILLES PALACE WAS HUGE AND EXTRAVAGANT , MORE MONEY WAS SPENT ON IT'S MAINTENANCE.
3. TAXES WERE ONLY APPLICABLE FOR THE THIRD ESTATE , WHILE IT WASN'T APPLICABLE FOR HE SECOND AND THIRD ESTATE.
4. THE WAR WITH BRITAIN HAD INCREASED THE DEBT TO 2 BILLION LIVRES.
5. LENDERS WHO GAVE THE STATE CREDIT STARTED TO CHARGE 10 % INTEREST ON IT'S LOANS.

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