Download PDF by Jan de Vries, Ad van der Woude: The First Modern Economy: Success, Failure, and Perseverance

By Jan de Vries, Ad van der Woude

A complete monetary background of The Netherlands in the course of its upward thrust to ecu monetary management, which argues that this was once the 1st smooth financial system. This place is defended with designated analyses of the main financial sectors and investigations into social constitution and macro-economic functionality. Dutch fiscal background is put in its eu and international context. Inter-continental and colonial exchange are mentioned totally. designated emphasis is put on the environmental context and demographic advancements.

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Extra info for The First Modern Economy: Success, Failure, and Perseverance of the Dutch Economy, 1500-1815

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In economic life, a number of important historical phenomena can be categorized as external to a society and of long duration, being the product of mass behavior in an international setting. Price formation in market economies and population change are the two most prominent examples of such phenomena. Their general movement can much more easily be described than explained, for they are the products of innumerable small decisions which themselves are reactions to multiple stimuli and constraints.

In the central zones, the provinces of Holland and Utrecht, the extension of settlement required different techniques, for there the challenge was to occupy 16 SPACE AND TIME, STRUCTURES AND CONJUNCTURES the extensive peat bogs. In the tenth and eleventh centuries, inhabitants of the villages on the bordering river clays and sandy soils encroached on the bogs, but large-scale colonization of these tracts required a systematic approach that was only forthcoming when the Counts of Holland and Bishops of Utrecht had achieved a position of sufficient authority to claim the empty lands and set in motion reclamation projects.

2 . 2 . THE "LITTLE ICE AGE" Climate change is a long-term process that obviously must be regarded as exogenous to the economy of the Netherlands. This is a subject about which little can be said with certainty. It is widely held that the northern European climate became colder after the mid-sixteenth century, constituting a "Little Ice Age" that ended only in the nineteenth century. Detailed information about the sixteenth-century climate is scarce, although it is clear that the 1560s and '7OS included an unusual number of weather extremes.

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The First Modern Economy: Success, Failure, and Perseverance of the Dutch Economy, 1500-1815 by Jan de Vries, Ad van der Woude


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