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How did tge american war of independence add more debt to france |
| Answer» \tHow did the American war of independence add more debt to France\tIn addition to this, France assisted the thirteen American colonies to get independence from Britain.\tThis increased the debt to another one billion livres. Hence the moneylenders started charging a higher rate of interest of upto 10 per cent.\tThis made the French government to spend further on interest payments alone.\tThus in order to meet the recurring expenses, the state was obliged to increase taxes.\tThe French society was divided into three estates and only the third estate members were required to pay taxes. | |