Fouquet arrested; royal finances reorganized
Labels: Nicolas Fouquet, Jean-Baptiste Colbert, Louis XIVOn this day, Louis XIV ordered the arrest of finance minister Nicolas Fouquet, a dramatic signal that the king would tighten control over money and administration. The crackdown created the opening for Jean-Baptiste Colbert—already working on financial matters—to redesign how the state managed revenue, spending, and economic policy. This shift set the stage for a more centralized, interventionist economic strategy often linked to mercantilism.