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- Although the Dutch tenaciously resisted the new competition, the long-distance trading system of Europe was transformed from one largely conducted through the Netherlands, with the Dutch as universal buyer-seller and shipper, to one of multiple routes and fierce competitiveness.
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Studies show that the Dutch had several qualities that afforded their trade system to rise above other European states' throughout the duration of Atlantic trade. Dutch merchants have always had access and opportunities providing a gateway to profitable trade.
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Jun 9, 2021 · By controlling the source of the spices, the Dutch could now impose their own terms on the global spice trade and import to Europe three times the quantities of spices the Portuguese could transport. Meanwhile, the Persians, with English assistance, took over Hormuz in 1622.
- Mark Cartwright
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. The Economy of the Netherlands up to the Sixteenth Century.
2 days ago · Although the Dutch tenaciously resisted the new competition, the long-distance trading system of Europe was transformed from one largely conducted through the Netherlands, with the Dutch as universal buyer-seller and shipper, to one of multiple routes and fierce competitiveness.
The Dutch also dominated trade between European countries. The Low Countries were favorably positioned at a crossing of east–west and north–south trade routes and connected to a large German hinterland through the Rhine river.
The young Republic become the dominant trade power by the mid-17th century, partly due to its shipbuilding. In 1670, the Dutch merchant marine totalled 568,000 tons of shipping—about half the European total.
In addition to carrying cargo for most European nations, the Dutch also imported raw materials, turning them into finished goods that were subsequently exported at a tidy profit. And Holland's role in trade helped make Amsterdam one of Europe's financial centers, further adding to Dutch revenue.
