What was the leading economic center of the early 17th century Europe?

What was the leading economic center of the early 17th century Europe?

In the 17th century, Amsterdam became the leading commercial and financial centre of the world.

Who was the greatest commercial power in Europe in the 17th century?

Dutch Economy In the 17th century, the Dutch Republic was the leading commercial power in Europe, with Amsterdam serving as Europe’s financial center.

Which of the following was the most important factor behind the price revolution of the 16th century?

By the ‘price revolution’, Wiebe meant the general rise in commodity prices which occurred in western Europe during the 16th century, the primary cause of which according to him was the influx of silver from the new Spanish possessions in America.

Which city dominated European trade and finance in the early 17th century?

In the seventeenth century, Amsterdam and London developed distinctive innovations in finance through both banks and markets that facilitated the growth of trade in each city.

What made the Dutch so commercially successful in the seventeenth century?

Taking advantage of a favorable agricultural base, the Dutch achieved success in the fishing industry and the Baltic and North Sea carrying trade during the fifteenth and sixteenth centuries before establishing a far-flung maritime empire in the seventeenth century.

Which was the most important result of the Peace of Utrecht?

Utrecht marked the rise of Great Britain under Anne and later the House of Hanover and the end of the hegemonic ambitions of France. It also secured the balance of power and helped to regulate the relations between the major European powers over the coming century.

What was the most powerful country in the 17th century?

France probably could have become the leading European colonial power in the 17th and 18th centuries. It had the largest population and wealth, the best army while Louis XIV ruled, and, for a time in his reign, the strongest navy.

What happened in the 17th century in Europe?

1647–1652: The Great Plague of Seville. 1648: The Peace of Westphalia ends the Thirty Years’ War and the Eighty Years’ War and marks the ends of Spain and the Holy Roman Empire as major European powers. 1648–1653: Fronde civil war in France. 1648–1667: The Deluge wars leave Polish–Lithuanian Commonwealth in ruins.

Why was the price revolution significant?

Significance of the Price Revolution During the revolution, precious metals from America were extracted in bulk and traded at lower prices than crafted or agricultural products. The mass exodus of Spanish to America led to increased inflation and the near collapse of the Spanish monarchy due to bankruptcy.

Which of the following was the most important assumption underlying the economic philosophy of mercantilism?

The underlying principles of mercantilism included (1) the belief that the amount of wealth in the world was relatively static; (2) the belief that a country’s wealth could best be judged by the amount of precious metals or bullion it possessed; (3) the need to encourage exports over imports as a means for obtaining a …

Which European country dominated international commerce in early 17th century?

In the 17th century, Spain was the most powerful country in Europe, but its status began to decline due to a series of bad decisions by its kings caused bureaucratic and economic issues.

Which city dominated European trade?

Situated in the heart of a lagoon on the coast of northeast Italy, Venice was a major power in the medieval and early modern world, and a key city in the development of trade routes from the east to Europe.

How many slaves did the British bring to the colonies?

 140,000 slaves brought to British North American colonies 1700 – 1750  number of slaves doubled  85% lived south of Maryland Estimated 12 million to the Americas  16th– 19thcenturies  Mostly to Brazil & Caribbean Slave origins Madam Efunroye Tinubu Atlantic Slave trade

Which is country led Europe in shipbuilding, navigation, commerce and banking?

In the first half of the seventeenth century, what country led Europe in shipbuilding, navigation, and commerce and banking? Netherlands What was not a new consumer good that became popular in European markets in the seventeenth and eighteenth centuries? Specie

What was the goal of the English Civil War in 1650?

1650 – 1750: A Century of Change Politics & Economics English Civil War(s), 1642-1651 Monarchy “restored” to the throne King Charles II Goal: Centralize authority & exercise control Political control Economic control Mercantilism – economic doctrine Goals – for the British Empire

What was European warfare between the Peace of Utrecht and the French Revolution?

What characterized European warfare between the Peace of Utrecht (1713) and the outbreak of the French Revolution (1789)? Standing armies pursuing limited strategic goals In seventeenth- and eighteenth-century Prussia, the Junkers supported the monarchy and served in the army in return for what? Virtually absolute power over their serfs