What were the causes for empty treasure of France under Louis 16? Assess any 3 causes
Answers
There were many causes.
1. France was helping U.S to gain indipendence from common enemy, Britain
2. Due to this France had to take money from international moneylenders.
3. The debts and long years of war drained the treasury.
I hope it helps :)
Answer:
1. Wars and Economic Crisis: IN 1774 , When Louis XVI ascended the throne he found an empty treasure. The nation had gone into the deep debt because of fighting the seven years war (1756 - 1763) and the revolutionary war in America under Louis XVI . In this war, France help the 13 American colonies to gain their independence from Britain. The war added more than a billion liver to debt that had already risen to move more than 2 billion livers.
2. Debt Trap : Lenders who gave state credit , now began to charge 10% interest on loans. So the French government was obliged to spend an increasing percent of its budget on interest payments alone.
3. Extravagant Court : France Under various Kings had a extravagant Court at immense palace of Versailles.