state any five causes for the empty treasury of france under louis 16
Answers
2.Under Louis 16, France helped the thirteen American colonies.
3.The war added more than a billion livres debt.
4. The debt of 1 billion livres rose to 2 billion livres.
5.Lenders who gave the state credit, now begin to charge 10 percent on the loans.
Answer
1 .long years of wars had drained the financial resource of france . The condition was made worse when undre louis ,france helped the thirteen american colonies to gain their independence from britain
2. The kings court at the the immense palace of Versailles was extravagant. A huge amount of money was required for its maintenance .
3. Taxes were Levied Only on the third estate and the first and second estate, who were rich, were exempted from paying taxes
4. The war with Britain added more than a billion livres to a debt that had already risen to more than 2 billion lives .
5. Leanders who had given the state credit ,now began to charge 10 per cent interest on the existing lones . So, the French government had to spend an increasing percentage of its budget on interest payment