why did the French government increase add more debt to France
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The French treasury was already drained out in the reign of Louis XVI in 1774 due to wars and maintenance of the ornate court at the palace of Versailles. In addition to this, France assisted the thirteen American colonies to get independence from Britain. This increased the debt to another one billion livres
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The French treasury was already drained out in the reign of Louis XVI in 1774 due to wars and maintenance of the ornate court at the palace of Versailles. In addition to this, France assisted the thirteen American colonies to get independence from Britain. This increased the debt to another one billion livres.
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