HISTORY 1CC3 Lecture 14: 3/3/2016 1CC3
6 Apr 2016
School
Department
Course
Professor
Document Summary
Reasons for prosperity and the dutch contributions to capitalism and global. Another strategically located city (amsterdam) : gateway city or choke point: rivers into europe, north sea, and baltic. Most things come onto the market at random times dairy etc. Wheat however could have huge fluctuations - dutch were able to preserve things and store them in warehouses turning them into transferable assets. Warehouse invoices as negotiable paper - used as a form of money or capital to raise assets. Insurance and coffee houses as exchange houses. Join stock companies and global trade": voc 1602. Shares (64) in ships to offset risk. Protestant basis of revolt but religious toleration (eg. destination of jews forced out of spain) An industrious" revolution: not metallurgy and steam but textiles, food processing, shipbuilding; europe"s first urban proletariat. Trade is associated with warfare more times than not. Dutch begin to develop tropic trade empire.
