![]() ![]() To support his policies, he also greatly enlarged the size of the royal navy. ![]() He encouraged a more efficient domestic trade (roads, canals, suppression of local duties), established state monopolies, subsidized manufactures, promoted navigation and trade associations, fixed agricultural prices, encouraged marriage and prohibited emigration (except to Canada). An advocate of Mercantilism (also Colbertism), he aimed at a favorable French balance of trade through the export of valuable finished products (like luxury items) and high import tariffs. His state-guided economy included better tax collection, statistical planning of the budget and regular bookkeeping. Nominated Minister of Finance in 1661, Jean-Baptiste Colbert (born 1619) developed the first national economy of the modern age. Please help with verifying or updating this infobox. ![]() 23.10 Victory in the Franco-Iberian War.23.5 A Lady of Remarkable Beauty and Intrigue.19.3 Necker announces the Budget Deficit.16.3 Protestants expelled from France – Reformed.16.2 Protestants expelled from France – Protestant.16.1 Protestants expelled from France – France.15.3 Montesquieu publishes 'The Spirit of Laws'.15.2 Voltaire publishes 'Philosophical Letters'. ![]() 15.1 Rousseau Publishes 'The Social Contract'.13.1 The Anjou Claims to the Kingdom of Naples.2 The State takes control of the Guilds.1 The Birth of a Permanent Taxation System. ![]()
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