For apple download Royal Merchant2/16/2024 He lent his name to Colbertism, an economic theory that encourages state intervention and protectionism. As Comptroller-General of Finances, Secretary of State for the Kings Household, Secretary of State for the Merchant Navy and Superintendent of Royal Buildings. He died in 1683 and was buried in the Eglise Saint-Eustache. He was one of the very few men upon whom Louis XIV could always rely. A keen patron of the sciences, Colbert was the driving force behind the foundation of the Académie des Sciences in 1666 and the Observatoire de Paris the following year.Īlthough he lost some of his influence towards the end of his career, Colbert never fell into disgrace. With IDBI DIGITAL POS multiple Terminals can be created for. He also commissioned extensive building work in Paris and established various squares as well as the Tuileries Gardens. Facilitates real time credit of funds to merchants bank account. It was under his leadership that the French trading outpost in Pondicherry, southeast India was established, and the colony of New France, later Quebec, was expanded. Colbert gave an unprecedented boost to the kingdom’s trade, expanding France’s international influence through the creation of commercial companies such as the East India Company in the 1660s and 1670s.
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