Success Industry: 1665 Abbeville von Robais textile factory became the largest industrial business employing 2000 workers., The royal glass factory by 1680 was also depriving Venice of some 1 million livres worth of trade in mirrors every year., High quality lace was produced in Auxerre, Alencon, and Reims by the end of Louis’ reign., Colbert arranged for royal patronage of the Gobelins tapestry and Savonnarie carpet businesses. Louis bought tapestries for Versailles here, Manufacturers from Sweden, Bohemia and the Dutch Republic, and glass blowers from Venice, settled in France under royal patronage., Failure Industry: Agriculture remained neglected , Louis XIV and the nobility remained largely uninterested in industry, Focused on luxury goods over everyday ones. , Inspectors at Languedoc actually hindered innovation and change which led to stagnation of the textile industry  , Marseille merchants preferred to continue buying exports from the Levant rather than investing in French industry, Focused on woollen cloth when the fashion was changing for lighter material, Success Trade Infrastructure: Improved internal trade by investing in communication, Established postal system with 800 post offices, 600,000 livres was spent on road improvements, Invested 7,500,000 livres in the Canal de Deuz Mers linking Bordeaux to the Mediterranean, Failure Trade Infrastructure: Private investment in transport remained inadequate , Internal tolls were too lucrative so were never abolished , Doubled and trebled tariffs in 1667 which caused retaliatory tariffs on French wine, 1667 abandoned plans to establish a single internal tariff. , At Beauvais, Colbert’s regulations for the production of tapestries and fine linen were ignored., Success Overseas and Trading Companies: The EIC survived until the 1780s and established trading centres at Surinet and Pondichary, Colbert encouraged explorers to develop the Canadian fur trade and to travel further down the Mississippi. Provided a steady income., Profitable trade links were established with Syria and Morocco. , By 1682 Louis had control of America from the Great Lakes to the Gulf of Mexico, Failure Overseas and Trading Companies: The state had to continue subsidising industry, Overseas trading companies could never really compete with Dutch and English, Nobility and Louis were never that interested in overseas trade and never invested, By 1673 Canadian colonial funding and Talon’s economic initiatives had collapsed., The Company of the North sent their last ship in 1684, Success Taxation: Budget surplus by 1672 , Recovered the crown's land , Reduced the number of those exempt from taxes , Increased revenue by cutting wages of office holders and borrowed money , Cut the rate of the taille, Failure Taxation: Taxation system did not include the 1st and 2nd estate , Increase in indirect taxes continued to hit the poor the hardest , 30% of taxes were lost each year, By 1679 the deficit was double that of 1672, Never managed to balance the books, Discrepancies continued to exist between the pays d'etat and pays d'election,

Louis XIV Trade and Industry Reforms

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