Question

what were the causes for the empty treasure in france under louis ×v1

Answer 1

long years of war had drained the financial reesources of france. under him france had helped thirteen american colonies to gain independence from common enemy britain. this war added more than a billion livres to a loan that had already risen to 2 billion livres.

added to this was the cost of maintaining an extravagant court at versailles.

lenders who gave the state credit began to charge 10% interest on loans.

Answer 2

1) Long years of war had drained the financial resources of France.

2) The cost of maintaining an extravagant court at the immense palace of Versailles.

3) France helped the 13 American colonies to gain their independence from Britain. This cost France about 1 billion livres.

4) Lenders who gave the state credit began to charge 10% interest on loans.

5) The state had to spend an increasing percentage of its budget on the repayment of loans.

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