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.
American government debt, often referred to as the national debt, is the total amount of money that the U.S. federal government owes to creditors. This debt accumulates through the issuance of government bonds and other securities to finance budget deficits, where expenditures exceed revenues. It comprises both public debt, owed to external investors, and intragovernmental holdings, which are debts owed to various government trust funds. The national debt is a critical economic indicator, influencing interest rates, inflation, and overall economic policy.
The French government had borrowed money to support the American Revolution.
Solving the government's debt.
European nations
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
louis XVI
The French government had borrowed money to support the American Revolution.
by breathing rapidly and deeply.
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.
The Seven Years Wars followed by the French support of the Patriots during the American Revolution when added to the debt inherited from previous Kings by the government of King Louis XVI created an economic crisis.