Louis XIV basically put France into debt. He paid for almost 300,000 soldiers which led to higher taxation on the country and poverty. He also spent money on wars in general such as the War of Spanish Succession. Due to this war, he made the Dutch and the English his enemies. King Louis also forced Huguenots to flee from France due to religious persecution. This affected the economy greatly because the hard working class was mainly Huguenot.
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