All Subjects
Light
Practice Quizzes
AP European History
Unit 3 – Absolutism and Constitutionalism
Topic 3.7
How did Philip II of Spain and Louis XIV manage economic affairs differently?
While Philip II frequently faced bankruptcy due to military expenditures, Louis XIV managed a more stable economy through Jean-Baptiste Colbert's mercantilist policies.
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.
Related content
Practice quizzes
Practice this subject
Practice this unit
Practice this topic
Study guides (1)
AP European History - 3.7 Absolutist Approaches to Power
Key terms
Louis XIV
Philip II of Spain
About Us
About Fiveable
Blog
Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
Report an Issue
Stay Connected
© 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.
About Us
About Fiveable
Blog
Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
Report an Issue
© 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.
Back
Practice Quiz
Guides
Glossary
Guides
Glossary
Next
