Louis XIV: The Rise Of The Industrial Revolution
1641-1715 Louis XIV Louis the 14th ascended to the throne at the age of four. Jules Cardinal Mazarin served as the ruler of France until Louis came of age. However, after Louis came of age, he did not take over until Mazarin’s death in 1661. Louis believed he was a gift from God and therefore had the divine right to rule as a dictator. He considered all disobedience and rebellion to be sinful. Louis employed Jean-Baptiste Colbert as the controller general of finance in France. Colbert reconstructed the economy of France by sanctioning higher taxes to aid the Treasury of France. He was extremely anti-mercantilist and pushed for France to create all its own goods. The economic work of Louis XIV and Colbert lowered the national debt by 50
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Specifically the innovations which were used to create factories. These innovations included new processes for steel production, introduction of various machines, and the poping up of numerous steam-powered factories. These factors introduced an influx of jobs into the market which drove people into large cities seeking work. Hand production became scarce as it was far too time consuming and did the same work. The investment of production compared to the money made became a less dramatic risk. Steam power was introduced and aided further in the shift which occurred and consequently exploded the textile …show more content…
This act was one of the first overt political protests which would lead to the eventual American Revolution. They were protesting a tax placed on the tea by the king which created a monopoly on Tea trade in the colonies. Monopolies are one of the most feared yet inevitable economic scenarios and as such here is the beginning of rebellions against such establishments. This is significant not only in its political consequences but also the reality of its economic repercussions. The Americans set a standard that they would not allow for monopolies, they dared to alter their market.
Even today the laws dominating american economics and politics resemble the outrage show over this first overt monopoly of American Markets. Furthermore other nations have followed suit restricting the ability for such to exist. There is a deep significance in the use of politics to manipulate economics in a positive way as opposed to the tyrannical manipulation of markets up to this point.
1774- Louis
Specifically the innovations which were used to create factories. These innovations included new processes for steel production, introduction of various machines, and the poping up of numerous steam-powered factories. These factors introduced an influx of jobs into the market which drove people into large cities seeking work. Hand production became scarce as it was far too time consuming and did the same work. The investment of production compared to the money made became a less dramatic risk. Steam power was introduced and aided further in the shift which occurred and consequently exploded the textile …show more content…
This act was one of the first overt political protests which would lead to the eventual American Revolution. They were protesting a tax placed on the tea by the king which created a monopoly on Tea trade in the colonies. Monopolies are one of the most feared yet inevitable economic scenarios and as such here is the beginning of rebellions against such establishments. This is significant not only in its political consequences but also the reality of its economic repercussions. The Americans set a standard that they would not allow for monopolies, they dared to alter their market.
Even today the laws dominating american economics and politics resemble the outrage show over this first overt monopoly of American Markets. Furthermore other nations have followed suit restricting the ability for such to exist. There is a deep significance in the use of politics to manipulate economics in a positive way as opposed to the tyrannical manipulation of markets up to this point.
1774- Louis