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AP European History
Unit 3 – Absolutism and Constitutionalism
Topic 3.7
How did Philip II of Spain and Louis XIV manage economic affairs differently?
Under both reigns, Spain and France enjoyed golden ages of economic prosperity and financial stability with no major disruptions.
Philip managed the Spanish economy efficiently; meanwhile, Louis mired France in debt through excessive extravagance at Versailles.
Both rulers led their nations into constant bankruptcy due to excessive spending on wars and luxuries.
While Philip II frequently faced bankruptcy due to military expenditures, Louis XIV managed a more stable economy through Jean-Baptiste Colbert's mercantilist policies.
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AP European History - 3.7 Absolutist Approaches to Power
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Louis XIV
Philip II of Spain
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Cram Mode
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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