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The Dutch Primacy In The Seventeenth Century

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Shortly after wresting its independence from Habsburg Spain, the Dutch Republic quickly ascended to primacy among European powers. By the beginning of the seventeenth century, the Dutch Republic had overcome the limitations of its size and available ecological resources through its innovative financial and commercial institutions and was enjoying a hundred years of commercial dominance. By all measures, the Dutch Republic was positioned to remain atop Europe for the foreseeable future, but by the end of the seventeenth century, domestic production and overseas dominance was waning. A series of global conjunctures, including several naval wars and an invasion, interrupted the Dutch Republic’s rapid economic progress long enough for Britain to usurp hegemony. Like Spain before it, the Dutch moment atop the …show more content…

For the sake of simplicity, the factors of Dutch success can be divided into two objectives. First, the Dutch overcame ecological constraints to growth, particularly in timber and agricultural production. Second, enough capital had to be accumulated in order to set financial institutions into …show more content…

In the Dutch town of Leiden, production of wool cloth increased forty-six fold in the period between 1585 and 1664 (Di Vittorio 70). Sugar refining, woodworking, and ceramic industries also thrived. This robust manufacturing base supplemented Dutch trade industries and advanced agriculture, thus creating a diversified economic base. The result, writes Dutch economic historian Jan DeVries, were “strong positive feedback loops, where an impulse toward expansion stimulates further growth…significantly weakening the influence of Malthusian forces”(DeVries 1997,

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