USA HISTORY

MAKING OF A NEW NATION 1776 1800

THE FRENCH REVOLUTION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
France was bankrupt because of ____
A
Foreign wars
B
corruption by third estates
C
Spending money on festivals
D
Bad Harvest
Explanation: 

Detailed explanation-1: -As the 18th century drew to a close, France’s costly involvement in the American Revolution, combined with extravagant spending by King Louis XVI, had left France on the brink of bankruptcy.

Detailed explanation-2: -After the war ended, France had a debt of 3, 315.1 million livres, a colossal sum of money at the time which put an enormous strain on the country’s total fortune in terms of usable assets and productive capacity. The French tax collection system was highly inefficient. Large sums were lost to the Treasury.

Detailed explanation-3: -However, toward the end of the century, France fell on hard times due to war debts, poor harvests, and high taxes. Costly Wars: France was bankrupted by three successive wars: the War of the Austrian Succession, the Seven Years War and the American Revolution.

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