why does Louis XVI found empty treasury
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Louis XVI found empty treasury as he and his wife led a life of extreme extravagant
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Louis XVI found an empty treasury due to the following reasons
1. Long years of war had drained the financial resources of France
2. Added to that was the maintenance of an extravagant court at the immense palace of Versailles
3. During the rule of Louis XVI France helps the thirteen Americans Colonies to gain independence from common enemy Britain
4. The war rose about a million livers to debt
5. Workers who gave state credit now sanctioned 5% interest on loans.
6. The French Government was obliged to spend such an increasing amount on loan payment alone.
7. To meet their regular expenses such as running of government offices, universities maintenance of army, court the state had to increase taxes.
8. Yet this measured would not have sufficed
9. The responsibility of paying taxes was bore by the third estate alone.
1. Long years of war had drained the financial resources of France
2. Added to that was the maintenance of an extravagant court at the immense palace of Versailles
3. During the rule of Louis XVI France helps the thirteen Americans Colonies to gain independence from common enemy Britain
4. The war rose about a million livers to debt
5. Workers who gave state credit now sanctioned 5% interest on loans.
6. The French Government was obliged to spend such an increasing amount on loan payment alone.
7. To meet their regular expenses such as running of government offices, universities maintenance of army, court the state had to increase taxes.
8. Yet this measured would not have sufficed
9. The responsibility of paying taxes was bore by the third estate alone.
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