why was the treasury empty when Louis XIV ascended the throne??
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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
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Answer:
(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.
(iv) War added to a debt.
(v) Lenders began to barge high interest on loans.
Explanation:
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