HIST-209 Lecture Notes - Lecture 10: German Nobility, Mercantilism, Aristocracy
13 Feb 2019
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Louis the 14th: known as the "sun king". Rule through a royal council; "etat c"est moi". If you export goods, other nations will pay you in gold and silver. If you import less, you pay out less in gold and silver. Grant trade monopolies: having a monopoly on a certain commodity: protectionism: in face of competition, tariffs are imposed on imports of products from other countries to protect their own industries. Created the foundations for an absolutist state because he deprived the german nobility of taxation. They were given tax privileges and allowed complete control over their estates. The "junker" aristocracy: treating their peasants as serfs, doing what they want with them, but no longer represented in an assembly and had no control over taxation: promoting a native manufacturing industry, regardless of whether it needed protectionism. Frederick william the 1st: known as the "soldier king": the army counted for 50% of state revenues.
