Development of commercial capitalism and beginning of world economy

The 17th century is also known as the golden age. It is the time of Regents and Princes. In this epoch was quite a lot of money earned in the low countries. And not without reason. The Dutch noblemen had seen that the Portuguese had earned a lot of money in the 16th century. They had this earned through the spice trade.

These spices came from India. The current Indonesia. The Portuguese were the only ones here in acted. And so decided the Dutch nobles a. Unfortunately it was so that the Portuguese were the only ones with a map of this area. The Dutch had to find their own route.

Already at the end of the 16th century Dutch ships were sent to this route. Ultimately, this also found and recorded. The first Dutch atlas was created by Willem Blaeu and compiled by his son Joan Blaeu. This atlas was the Atlas of Major Blaeu. It was first published in 1635.

That was long after the establishment of the Dutch East India Company. VOC is the abbreviation of the Dutch East India Company. Now they had found the route to the Indian Islands, the Dutch nobles also wanted to spice trade. On the initiative of the Dutch States General was founded in 1602 the Dutch East India Company. The VOC was very important for the history of the Netherlands. The Dutch were allowed to trade only on behalf of the Dutch East India Company ship press in Asia. Under the flag of the Dutch East India Company conquered various islands. As a result, the Dutch East India Company had a monopoly in 1622 enforced in the spice trade. There were treaties concluded with Princes and one built offices on Indian land. In these overseas offices was the Governor General the boss. The main office was Batavia. This stood on the Indian island of Java. Batavia is now Jakarta.

Just because had a monopoly, Netherlands were the ships of the Dutch East India Company often attacked because of the precious commodity. Netherlands was at sea in war with England. To win this war was a Spanish skipper asked the Dutch fleet. This man was called Michiel de Ruyter. He was an important man in the history of the Netherlands.

The spice trade was about many borders. The spices were in India on the ships and loaded to the Dutch ports. The most important ports were the port of Amsterdam and Hoorn. Amsterdam was the most important stack market. This meant that many warehouses here. From here the spices, but other commodities sent to other European countries. The Amsterdam Exchange bank was the financial centre of Europe.

There was a lot of money earned in the trade. This was mainly due to the rise of commercial capitalism. In the Middle Ages it was believed that it was a sin to make a profit. Among other things by the rise of Calvinism was thought here now otherwise. In this epoch there were in Amsterdam hundreds of traders who possessed more than a hundred thousand guilders. That doesn't seem to be much, but if these traders had lived at this time they were been. millionaire Perhaps billionaire.

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