Question

what was the reason of empty treatury in louisXVI​

Answer 1

Answer:

Question :-

What was the reason of empty treatury in louis XVI?

Required Answer :-

• Long years of war had drained the financial resources of the France.
• France had to bear the cost of maintaining an extravagant court at the immense palace of Versailles.
• Under Louis XVI, France helped the 13 American colonies to gain their independence from the common enemy, Britain.
• The war added more than a billion livres to a debt that had already risen to more than two billion livres.
• Lenders who gave the State credit, now began to charge 10% interest on loans. so the France government was obliged to spend an increasing percentage of its budget on interest payment alone.