Is it true that when Louis XVI took the throne, he increased taxes.

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Detailed Solution

The above statement is true.
When Louis XVI took the throne, he increased taxes.
France's financial resources have been depleted through many years of war. France assisted the thirteen American colonies in achieving their independence from their mutual enemy, Britain, during the reign of Louis XVI. A debt of almost 2 billion livres was increased during the war. Lenders who had previously extended credit to the government now charge 10% interest on loans. As a result, the French government was forced to devote a growing portion of its budget to interest payments only. The state was compelled to increase taxes to cover its ongoing costs, including those associated with running its institutions, courts, government offices, and armies.

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