Question

What were the causes for the empty treasure of France under
5 XIV? Assess any three causes.​

Answer 1

Answer:

reason -

Wars and Economic Crisis : In 1774, when Louis XVI ascended the throne, he found an empty treasure. The nation had gone into deep debt because of the fighting in the Seven Years War (1756-1763) and the Revolutionary War in America under Louis XVI. In this war, France helped the 13 American colonies to gain their independence from Britain. The war added more than a billion livers to a debt that had already risen to more than 2 billion livers.

Debt Trap: Lenders who gave the state credit, now began to charge 10 per cent interest on loans. So the French government was obliged to spend an increasing percentage of its budget on interest payments alone. To meet its regular expenses, such as the cost of maintaining an army, the court, running government offices or universities the state was forced to increase taxes.

Extravagant Court: France under various kings had an extravagant court at the immense palace of Versailles.

Answer 2

Add one more his wife consumes money.