During the Seven Year's War France lost most of its overseas treasure to Great Britain. The resulting economic damage almost destroyed the monarchy. However, some of the economy was repaired in the 1760's by the minister, the duc de Choiseul.
Because Louis XIV and Louis XV spend way to much money and left a huge state debt. Louis XVI inherited that debt as he ascended the throne (a debt of 400 million livres.)
European nations
The French government had helped fund the American Revolution.
they left France deeply in debt
The French government had helped fund the American Revolution.
by selling government bonds to fund the debt
The French government had borrowed money to support the American Revolution.
European nations
Solving the government's debt.
During the 1760's Britain was so in debt from borrowing so much money for the war.
Miguel de la Madrid Hurtado
Miguel de la Madrid Hurtado
by breathing rapidly and deeply.
The French government had borrowed money to support the American Revolution.
louis XVI
The French debt was far worse than the debts of other European monarchs, as in England or Austria.
The French government had helped fund the American Revolution.
When Louis XVI succeeded to the throne in 1774, he was 19. He had an enormous responsibility, as the government was deeply in debt, and resentment towards 'despotic' monarchy was on the rise. Louis also felt woefully unqualified for the job. He aimed to earn the love of his people by reinstating the parlements. While none doubted Louis's intellectual ability to rule France, it was quite clear that, although raised as the Dauphin since 1765, he was indecisive and not firm enough to rule.He was considered to be weak ad indecisive.