What were the cause for the empty treasure of france when louis xvi became king?
Answers
Reasons for the empty treasury of france during the succession of king Louis XVI :
i) France had helped American colonies to gain freedom from their common enemy England. The long going war had drained most of the country's resources and wealth, causing an effect on the royal treasure.
ii) The royals lived an extravagant lifestyle. The cost of maintaining the royal court at Versailles was too high.
iii) The First and Second Class, consisting f the nobility and higher standard people were exempted from tax collection. Tax was collected from the Third Class only.
iv) The war with Britain added more than a billion livres to a debt that had already risen to more than 2 billion livres.
v) Lenders who had given the state credit, now began to change 10% interest on the existing loans.