As any code you have not provided, I will analyze your text...
Created a page specifying the Archive Page template, which is included in archive.php.
Template archive.php not intended for the page. This template archive. For a page you can use the following templates index.php, page.php, page-XXX.php, lubetzky (only in the template specify the Template name)
Changed the link page to wordlpress.loc/archive
Maybe a conflict of URLs? Maybe the problem is with the htaccess config? Maybe the problem with permanent links (permalinks are not configured...)?