The Dutch, the coachman of the sea, dominated the world's finance for a century. Why did it gradually decline in the end?
The sea coachman, the Dutch, dominated the world of finance for a century, but why did it gradually wither? The Netherlands dominated the world of finance for a century from the end of the 16th century to the beginning of the 17th century, becoming one of the centers of Europe. They gained huge wealth by establishing trading empires and conducting financial transactions, becoming one of the richest and most influential countries in the world at that time. However, the prosperity of the Netherlands was also accompanied by some internal contradictions. They relied too much on trade and financial transactions and neglected basic production activities such as agriculture and crafts, causing the domestic economy to gradually decline. In addition, there was a risk that the Dutch government would intervene too much in the market in terms of financial transactions, which led to instability and a lack of clarity in the market. As time passed, the status of the Netherlands on the international stage gradually declined, and their economic competition with powerful countries such as the United Kingdom and the United States gradually lost. The economic decline of the Netherlands led to instability and political turmoil in the country, which eventually led to its decline. In summary, the decline of the Netherlands was caused by internal economic contradictions and changes in the external environment. Their over-reliance on financial and trade transactions and neglect of other production activities led to economic decline and political instability. These factors eventually led to the decline of the Netherlands, making it unable to continue to be an important force on the international stage.
