Why was the royal treasury empty when king louis xvi ascended the throne of france?
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(i) Long years of war had drained the financial resources of France.
(ii) High cost of maintenance of immense palace of Versailles and court.
(iii) Under Louis XVI France helped the thirteen American colonies to gain independence. This further depleted the royal treasury of France.
(ii) High cost of maintenance of immense palace of Versailles and court.
(iii) Under Louis XVI France helped the thirteen American colonies to gain independence. This further depleted the royal treasury of France.
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Hey ! Answer :- Because ... 1. more amount of money was invested in wars. 2.It also lend money to America in huge sum. Hope this helps :)
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