Social Sciences, asked by dhruv8441, 1 year ago

why louis xvi was forced to raise taxes

Answers

Answered by lakshya5288
2

Under Louis XVI, France helped the 13 American colonies to gain independence from the common enemy, Britain. ... The French government had to spend an increasing percentage of its budget on interest payments alone and to meet its regular expenses the state was forced to increase taxes.


sunny41281vzkllhczvn: thank
Answered by potterheadArushi
1

Answer:

Hey, i found your answer....

Explaination:

  • In 1774, Louis XVI of the Bourbon family of kings ascended the throne of France. Upon his accession the new king found an empty treasury.
  • Long years of war had drained the financial resources of France. Added to this was the cost of maintaining an extravagant court at the immense palace of Versailles.
  • Under Louis XVI, France helped the thirteen American colonies to gain their independence from the common enemy, Britain. The war added more than a billion livres to a debt that had already risen to more than 2  billion livres.
  • Lenders who gave the state credit, now began to charge 10 per cent interest on loans.
  • So the French government was obliged to spend an increasing percentage of its budget on interest payments alone.
  • To meet its regular expenses, such as the cost of maintaining an army, the court, running government offices or universities, the state was forced to increase taxes.

Hope this helps.......... ; )

Similar questions