What were the reason behind an empty treasury upon the access of Louis 16 in 1774
Answers
In 1774, Louis XVI of the Bourbon family of kings ascended the throne of France. He found an empty treasury. 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. A huge amount of money was required for its maintenance. (iii) Taxes were levied only on third estate and exempted first and second estates which were rich. (iv) The war with Britain added more than a billion livres to a debt that had already risen to more than 2 billion livres. (v) Lenders who had given the state credit, now began to change 10 per cent interest on the existing loans. So, the French government had to spend an increasing percentage of its budget on interest payment.
HOPE THIS WILL HELP PLEASE MARK AS BRAINLIEST AND FOLLOW ME .
What were the reason behind an empty treasury upon the access of Louis 16 in 1774?
The reason behind an empty treasury upon the access of Louis 16 in 1774 was mostly king of France like Louis 16 are pleasure loving, extravagant. They regard the national income as their personal in come. Louis 16 squandered the money in wars, and luxurious life of king and queen. Able ministers like Turgot and Necker tried to improve the financial condition of the state but they were dismissed.