why the treasury of france was empty
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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. ... So, the French government had to spend an increasing percentage of its budget on interest payment.
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1)Long years of war had drained the financial resources of France.
2)Cost of maintaining extravagant court at the palace of versailles.
3)Under Louis 16 France helped 13 American colonies gain independence.
4)Those who gave credit started charcing 10% intrest.
5)Cost of maintaining large army.
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