Economy
By the mid-16th century, the Margraviate of Antwerp (Duchy of Brabant) had become the economic, political, and cultural center of the Netherlands after its capital had shifted from the nearby Lordship of Mechelen to the city of Brussels.
Bruges (County of Flanders) had already lost its prominent position as economic powerhouse of northern Europe. And Holland was gradually gaining importance in the 15th and 16th centuries.
However after the revolt of the seven northern provinces (1568), the Sack of Antwerp (1576), the Fall of Antwerp (1584-1585), and the resulting closure of the Scheldt river to navigation, a large number of people from the southern provinces emigrated north to the new republic. The center of prosperity moved from cities in the south such as Bruges, Antwerp, Ghent, and Brussels to cities in the north, mostly Holland, including Amsterdam, The Hague, and Rotterdam.
Read more about this topic: Seventeen Provinces
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)