Jean Baptiste Colbert was a French statesman who served as the Minister of Finances under King Louis XIV. He is known for his efforts to strengthen the French economy and promote industry and commerce. Colbert implemented policies to increase exports, develop colonies, and support domestic manufacturing. He also played a key role in the construction of the Palace of Versailles and the expansion of the French navy. Colbert's economic policies and administrative reforms had a lasting impact on France and its position in the world during the 17th century.