why was Louis XVI forced to increase taxes in France
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Explanation:
- 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.
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