Why was the king's treasure empty
French Revolution Class 9 History
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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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Reasons of king treasure empty
- war
- maintaining palace of versaitiles.
- Indepence of 13 American colonies costed 28n Livree....
- 10% interest on loan.
- other stuff like :- maintain post office, giving salary to the soldiers.
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