Why Did Many European Powers Overextend Their Budgets and Flirt

question 19

Multiple Choice

Why did many European powers overextend their budgets and flirt with bankruptcy in the sixteenth century?

• A) The cost of waging war had risen as a result of the need for larger armies and more expensive military technology.
• B) Because of marriages between rival dynasties, the cost of maintaining lavish royal courts and palaces had increased dramatically.
• C) Maintaining overseas colonies proved to be a significant drain on the royal budgets.
• D) Kings and princes failed to undertake measures to ease the shortfall, including devaluing the currency and raising taxes.

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