How did the policies of Colbert and Louis XIV affect French economy?

How did Colbert help the economy of France?

Colbert devoted endless energy to the reorganization of industry and commerce. He believed that in order to increase French power it would be essential to increase France’s share of international trade and in particular to reduce the commercial hegemony of the Dutch.

How did Jean Baptiste Colbert fix the French economy?

In a mercantilist age Colbert was the supreme mercantilist. His program was to build up the economic strength of France by creating and protecting French industries, encouraging exports, and restricting imports (especially of luxury goods).

How did Louis XIV weaken the French economy?

How did Louis’s actions weaken France’s economy? Louis revoked the Edict of Nantes, which made the Huguenots fled. They were the hardest working and most prosperous of Louis’s subjects.

What did Colbert do for France?

Colbert gave an unprecedented boost to the kingdom’s trade, expanding France’s international influence through the creation of commercial companies such as the East India Company in the 1660s and 1670s.

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What were the economic policies of Jean Baptiste Colbert?

Colbert’s central principle was that the wealth and the economy of France should serve the state. Drawing on the ideas of mercantilism, he believed state intervention was needed to secure the largest part of limited resources. To accumulate gold, a country always had to sell more goods abroad than it bought.

What effect did canceling the Edict of Nantes have on the French economy?

Cancelling the Edict of Nantes cost France many skilled workers, and wars against Protestant countries damaged the French economy.

How did Jean-Baptiste Colbert help make France the wealthiest state in Europe?

Chapter 4 Test

Question Answer
finance minister Jean Baptiste Colbert helped to make France the wealthiest state in Europe by he had new lands cleared for farming and trade, put high tariffs on goods, and fostered oversea colonies and traded with them

What was the result of Louis foreign wars?

The conflict that followed is known as the War of Devolution (1667–1668). It saw the French forces overrun the Habsburg-controlled Spanish Netherlands and the Franche-Comté. … The most important consequence of the war, however, was the changed attitude of Louis XIV towards the Dutch Republic.

How did Louis XIV’s wars lead to a weakening of France?

During the final decades of Louis XIV’s rule, France was weakened by several lengthy wars that drained its resources and the mass exodus of its Protestant population following the king’s revocation of the Edict of Nantes.

What were the failures of King Louis XIV?

The major failure of his reign was that he overreached, particularly in foreign affairs. Louis fought too many expensive wars that did not really help France. By doing so, he ended up impoverishing the country to the point where he died ruing how badly he had overspent on his wars.

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