Question

on ascending The Throne of France news 16 found the treasury empty why was the treasury empty​

Answer 1

On ascending the throne of France, Louis 16 found the treasury empty due to the following reasons-

1. Long years of war had drained the financial resources of France.

2. A huge amount of money was required for the maintenance of the palace of Versailles.

3. Lenders who had given the State credit, now began charging  10% interest on the existing loans.

Hence, Louis 16 found his treasury empty when he ascended the Throne of France.

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