On ascending the throne of frence, Louis --found the treasury empty. Why was the treasury empty?
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Long years of war had drained resources
Cost of maintaining an extravagant court at the immense palace of Versailles.
Under Louis XVI, France helped the thirteen American colonies to gain their independence from the common enemy, Britain.
Lenders who gave the state credit, now began to charge 10 per cent interest on loans.
To meet its regular expenses, such as the cost of maintaining an army, the court, running government offices or universities, the state was forced to increase taxes.Yet even this measure would not have sufficed
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