On ascending the throne of France Louis XVI found the treasury empty? Why was the treasury empty? ☺️☹️❤️❤️❤️❤️️️️❤️❣️✍️☝️✋✌️✊️⌚️️⛑️⚰️☠️️️️️️️☎️️✉️✒️️️️️️✏️️️️️️️️️️️️️️️️️️️️️✂️✂️⌨️⌨️️️️️⛺️️️️️️️️️〽️️️️⛩️
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The causes for empty treasury at the time of his accession were as follows :—
- The financial resources of France had drained due to the long years of war.
- The high cost of maintaining an extravagant court at the immense palace of Versailles also added to the financial drain.
- France had helped 13 American colonies to gain their independence from Britain. This increase the debt to more than 2 billion livres.
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