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American would not have won independence from Great Britain without generous military and financial support from France and its monarch, Louis XVI.
But France spent itself into bankruptcy supporting the American colonists. France’s financial ruin was a major cause of the ensuing French Revolution that cost the unfortunate Louis his head.
Member Submitted News
Our Economy Is On The Brink With $18 Trillion Dollar Deficit, $240 Trillion Dollar Unfunded Liabilities (e.g. Social Security, Medicare), Negative National Savings Rate, The Planned Bail-ins Of Your Savings Accounts And Of Course, The Estimated One Quadrialexmark
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