What were the causes of the empty treasure of france under king louis xiv?
Answers
Answer:
The causes for it was (i) Long years of wars had drained the financial resources of France. The condition was served when under Louis XVI, France helped the thirteen American colonies to gain their independence from Britain. (ii) The king's court at the immense palace of Versailles was extravagant.
Explanation:
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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