Question

what we are the causes of empty Treasure at the time of Louis XVI

Answer 1

In 1774, Louis XVI of the Bourbon family of kings ascended the throne of France. He found an empty treasury.
The causes for it were -:
1- Long years of wars had drained the financial resources of France. The condition was made worse when under Louis XVI, France helped the thirteen America colonies to gain their independence from Britain.
2- The king's court at the immense palace of Versallies required huge amount of money for its maintenance.
3- Taxes were levied only on the third estate and the first and second estates, 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 livres.
5- Lenders who had given the state credit, began to charge 10% interest on the existing loans.

Answer 2

Answer:

In 1774, Louis XVI of the Bourbon family of kings ascended the throne of France. He found an empty treasury.

The causes for it were -:

1- Long years of wars had drained the financial resources of France. The condition was made worse when under Louis XVI, France helped the thirteen America colonies to gain their independence from Britain.

2- The king's court at the immense palace of Versallies required huge amount of money for its maintenance.

3- Taxes were levied only on the third estate and the first and second estates, 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 livres.

5- Lenders who had given the state credit, began to charge 10% interest on the existing loans.

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