What were the causes for the empty treasure of france under louis xiv? assess any three causes?
Answers
1734 - 1774
lui 15
he doesn't knows the polity. and after that administrative of france fully used his arbitrary power , and do explouitation of lower class france citizens
it's the one more reason that francici treasure empty
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.
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