History, asked by menemebe7718, 1 year ago

reason behind the empty treasury of louis sixteen

Answers

Answered by rkgrover182
0
Louis sixteen had an empty treasury because:
Long years of war with neighbours had drained the financial resources of the France.
the kings court at the immense palace of versailles was extra vagant. a huge amount of money was spent on its maintenance.
france also helped 13 american colonies to gain independence fromn the common enemy, the britain.
lenders who had given the state credit now began to charge 10% interest on the existing loans.
This compelled the french government to spend a substanial part of the budge on the interest payments alone.
Answered by Sneha3123
0
Hi, friend here is your answer
(please mark as brainliest)
(i) Long years of wars with neighbors (country) has drained financial resources of the country.
(ii) Huge amount of money was spent on maintaining King's extravagant court at the immense place of Versailles.
(iii) Helped 13 American colonies to gain independence from Britain ( a common enemy of France). This war added over a billion livres(currency of France).
(iv) It was added to a debt than increased to more than 2 billion livres.
(v) leaders who had given the state credit began to change 10% interest on the loans.
(vi) So, all these conditions and circumstances are the reason behind empty treasury of Louis sixteen.

Sneha3123: please mark as brainliest
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