State Any Five Causes for empty Treasury of france under louis XVI
Answers
Answer:
Five causes of the empty treasury of France under Louis xviii are:-
(i)Long years of war had drained the financial resources of france.
(ii)High cost of maintenance of immense palace of Versailles and court
(iii)Under louis xvi france helped the thirteen American colonies to gain independence from Britain
(iv)War added more than a billion lives to a debt that had already risen to more than 2 billion lives
(v)Lenders who gave the state credit began to charge high interest on loans
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Answer:
The main reason for empty treasury was that he always leason to her wife and always done things according to her whether it was correct or not so in this way he always makes her wife happy by gifting her precious gifts and jewelleries and after wasting too much money, finally he faced financial problems. He has taken so many loans from other countries and people that he also have to repay them.
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