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How Did Louis Xiv Ruined The Economy

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Louis XIV completely ruined the economy of France as he fought over thirty years worth of wars, built and maintained the Palace at Versailles which took up sixty percent of royal revenue and he taxed the peasants heavily to pay for his wars and Versailles. Socially, Louis XIV made things worse for the nobles and the peasants by locking up the nobility, the Fronde, in Versailles, making sure they had little power and making the peasants poorer with his heavy taxation. Politically, Louis XIV strengthened the monarchy by solidifying absolutism in France, expanding the Intendants, his spy group, to better retain control of the country, changing the art of the time so that it glorified the King instead of religion, increasing his power, and going
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