reason for the empty treasure? what is subsistance Crisis
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The demand for food grain registered a rapid increase while the production could not keep up with its pace. This led to steep increase in the price of bread while the wages did not increase. The gap between rich and poor increased and subsistence crisis arose as a result.. Regards.
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The demand for food grain registered a rapid increase while the production could not keep up with its pace. This led to steep increase in the price of bread while the wages did not increase. The gap between rich and poor increased and subsistence crisis arose as a result.. Regards
- 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. ... So, the French government had to spend an increasing percentage of its budget on interest payment.
- Subsistence crisis can be defined as an extreme situation where the basic means of livelihood are endangered. In France, due to the rapid expansion of the population from 23 million in 1715 to 28 million in 1789, a subsistence crisis occurred.
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