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The Dutch Golden Age (Dutch: Gouden Eeuw [ˈɣʌudən ˈeːu, ˈɣʌudə ˈʔeːu]) was a period in the history of the Netherlands which roughly lasted from 1588, when the Dutch Republic was established, to 1672, when the Rampjaar occurred.
This weakening of the province of Holland as a trade hub in its turn contributed to a disarticulation of the Dutch economic sectors trade, industry, banking and insurance, that had been highly integrated in the Golden Age. Each of those sectors embarked on its own growth path in the 18th-century Dutch economy.
Johan de Witt (24 September 1625 – 20 August 1672) was a Dutch statesman who was a major political figure during the First Stadtholderless Period, when flourishing global trade in a period of rapid European colonial expansion made the Dutch a leading trading and seafaring power in Europe, commonly referred to as the Dutch Golden Age.
Before long, the Dutch were on par with the Spaniards in terms of how much tobacco they made. This product trade also established Dutch connections with Virginia. A huge segment of trade of Virginia tobacco fell into the Dutch realm. At the beginning of the 17th century, the center of Northern European tobacco trade was located in Zeeland. [20]
The Dutch economy is very open and relies on international trade. During and after the 17th century—its Golden Age—the Dutch built up a commercial and colonial empire. It was a leading shipping and naval power and was often at war with England, its main rival.
Dutch trade, science, armed forces, and art were among the most acclaimed in the world during much of the 17th century, a period which became known as the Dutch Golden Age. The republic was a confederation of provinces, each with a high degree of independence from the federal assembly, known as the States General.
Beside trade, an early "industrial revolution" (powered by wind, water and peat), land reclamation from the sea, and agricultural revolution, helped the Dutch economy achieve the highest standard of living in Europe (and presumably the world) by the middle of the 17th century. Affluence facilitated what is known as the Dutch Golden Age. This ...
Though this divorce between credit provision and trade has been interpreted as undermining Dutch trade itself in the age of relative decline of Dutch commerce, it probably was just a defensive move in a time of increasing foreign competition, protecting a share for Dutch commerce, and providing another outlet for commercial capital that would ...