On ascending the throne of france louis XVI found the treasury empty why was the tresury empty
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In 1774, Louis XVI of the Bourbon family of kings ascended the throne of France. He found an empty treasury. The causes for it was (i) Long years of wars had drained the financial resources of France. The condition was served when under Louis XVI, France helped the thirteen American colonies to gain their independence from Britain. (ii) The king's court at the immense palace of Versailles was extravagant. A huge amount of money was required for its maintenance. (iii) Taxes were levied only on third estate and exempted first and second estates which were rich
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