Table of Contents
What did King Louis waste money on?
Taxes and the price of basic foods, like bread, DOUBLED for the peasants! In France, bread was their main food that people ate everyday.
Was King Louis XVI in debt?
When Louis XVI succeeded to the throne in 1774, he was 19 years old. At the time, the government was deeply in debt and resentment of monarchy was on the rise. With the government deeply in debt, Louis XVI was forced to permit radical reforms.
What bad things did King Louis XVI do?
Louis XVI and Marie Antoinette were executed for treason. Louis had failed to address France’s financial problems, instigating the French Revolution that eventually descended upon him. He made matters worse by often escaping to more pleasurable activities like hunting and locksmithing.
How much debt did Louis XIV leave?
In order to finance the wars, taxation had to be raised, even imposed on the nobility (which used to be exempt) by the end of Louis XIV.’s reign, the public debt stood at 3,000 million livres – the kingdom was bankrupt.
How did Louis XIV actions weaken the French economy?
How did Louis’s actions weaken France’s economy? Louis revoked the Edict of Nantes, which made the Huguenots fled. They were the hardest working and most prosperous of Louis’s subjects.
What did King Louis XIV do?
Louis XIV (1638-1715) was king of France from 1643 to 1715. He brought the French monarchy to its peak of absolute power and made France the dominant power in Europe. His reign is also associated with the greatest age of French culture and art.
What were the causes of the financial crisis that gripped France?
Peasants suffered from low wages, heavy taxes, poor harvests, and lack of rights. What were the causes of the financial crisis that gripped France? Deficit spending, made necessary by a large debt and expensive wars, weakened the economy. Other problems included an economic recession and poor harvests.
Why was King Louis XVI tried for treason?
Why was King Louis XVI tried for treason? He wanted France to lose its war against Austria and have his power restored.
How much money did Louis XIV spend on wars?
Imperial rivalry and military spending Louis XIV used war both as a foreign policy device and a means of strengthening his domestic power. It is difficult to calculate precise figures for Louis XIV’s military spending program in the late 1600s, however, it certainly exceeded 600 million livres.
How did Louis XIV incur debt?
He didn’t incur any debts for Versailles. All costs were covered by the annual state budget. The entire building project, including the expensive gardens, consumed 25 million livres of a state budget that added up to 26 billion livres over the years Versailles was built.