Dutch Republic

Dutch Republic

The Dutch Republic, also known as the Republic of the Seven United Netherlands (Republiek der Zeven Verenigde Nederlanden), Republic of the United Netherlands or Republic of the Seven United Provinces (Republiek der Zeven Verenigde Provinciën), was a republic in Europe existing from 1581, when part of the Netherlands separated from Spanish rule, until 1795. It preceded the Batavian Republic, the Kingdom of Holland, the United Kingdom of the Netherlands, and ultimately the modern Kingdom of the Netherlands. Alternative names include the United Provinces (Verenigde Provinciën), Federated Dutch Provinces (Foederatae Belgii Provinciae), and Dutch Federation (Belgica Foederata).

During the Dutch Golden Age in the late 16th century onward, the Dutch Republic dominated world trade in the 17th century, conquering a vast colonial empire and operating the largest fleet of merchantmen of any nation. The County of Holland was the wealthiest and most urbanized region in the world.

Courtyard of the Amsterdam Stock Exchange, 1653

The free trade spirit of the time received a strong augmentation through the development of a modern, effective stock market in the Low Countries.^[17] The Netherlands has the oldest stock exchange in the world, founded in 1602 by the Dutch East India Company. WhileRotterdam has the oldest bourse in the Netherlands, the world's first stock exchange – that of the Dutch East-India Company – went public in six different cities. Later, a court ruled that the company had to reside legally in a single city, so Amsterdam is recognized as the oldest such institution based on modern trading principles. While the banking system evolved in the Low Countries, it was quickly incorporated by the well-connected English, stimulating English economic output.

Between 1590 and 1712 the Dutch also possessed one of the strongest and fastest navies in the world, allowing for their varied conquests, including breaking the Portuguese sphere of influence on the Indian Ocean and in the Orient, as well as a lucrative slave trade from Africa and the Pacific.