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Economic History Of The Netherlands (1500–1815)
The economic history of the Netherlands (1500–1815) is the history of an economy that scholar Jan de Vries calls the first "modern" economy. It covers the Netherlands as the Habsburg Netherlands, through the era of the Dutch Republic, the Batavian Republic and the Kingdom of Holland. After becoming de facto independent from the empire of Philip II of Spain around 1585 the country experienced almost a century of explosive economic growth. A technological revolution in shipbuilding led to a competitive advantage in shipping that helped the young Republic become the dominant trade power by the mid-17th century. In 1670, the Dutch merchant marine totalled 568,000 tons of shipping—about half the European total. Pillars of this position were the dominance of the Amsterdam Entrepôt in European trade, and that of the Dutch East and West India Companies (VOC and WIC) in intercontinental trade. Beside trade, an early industrial revolution (powered by wind, water and peat), land recla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jacob Knyff English And Dutch Ships Taking On Stores At A Port
Jacob (; ; ar, يَعْقُوب, Jacob in Islam, Yaʿqūb; gr, Ἰακώβ, Iakṓb), later given the name Israel (name), Israel, is regarded as a Patriarchs (Bible), patriarch of the Israelites and is an important figure in Abrahamic religions, such as Judaism, Christianity, and Islam. Jacob first appears in the Book of Genesis, where he is described as the son of Isaac and Rebecca, and the grandson of Abraham, Sarah, and Bethuel. According to the biblical account, he was the second-born of Isaac's children, the elder being Jacob's fraternal twin brother, Esau. Jacob is said to have bought Esau's Primogeniture, birthright and, with his mother's help, deceived his aging father to bless him instead of Esau. Later in the narrative, following a severe drought in his homeland of Canaan, Jacob and his descendants, with the help of his son Joseph (Genesis), Joseph (who had become a confidant of the pharaoh), moved to Biblical Egypt, Egypt where Jacob died at the age of 147. He is su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Debt
A country's gross government debt (also called public debt, or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt. In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to the global financial crisis of 2007–2008, and the COVID-19 pandemic. The ability of government to issue debt has been central to state formation and to state building. Public d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Development
In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives. The term has been used frequently in the 20th and 21st centuries, but the concept has existed in the West for far longer. " Modernization", " Westernization", and especially " industrialization" are other terms often used while discussing economic development. Historically, economic development policies focused on industrialization and infrastructure; since the 1960s, it has increasingly focused on poverty reduction. Whereas economic development is a policy intervention aiming to improve the well-being of people, economic growth is a phenomenon of market productivity and increases in GDP; economist Amartya Sen describes economic growth as but "one aspect of the process of economic development". Economists primarily focus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Property
Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, redefine, rent, mortgage, pawn, sell, exchange, transfer, give away or destroy it, or to exclude others from doing these things, as well as to perhaps abandon it; whereas regardless of the nature of the property, the owner thereof has the right to properly use it under the granted property rights. In economics and political economy, there are three broad forms of property: private property, public property, and collective property (also called cooperative property). Property that jointly belongs to more than one party may be possessed or controlled thereby in very similar or very distinct ways, whether simply or complexly, whether equally or unequally. However, there is an expectation that each party's will (rather discretion) w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Division Of Labor
The division of labour is the separation of the tasks in any economic system or organisation so that participants may specialise (specialisation). Individuals, organizations, and nations are endowed with, or acquire specialised capabilities, and either form combinations or trade to take advantage of the capabilities of others in addition to their own. Specialised capabilities may include equipment or natural resources as well as skills, and training and combinations of such assets acting together are often important. For example, an individual may specialise by acquiring tools and the skills to use them effectively just as an organization may specialise by acquiring specialised equipment and hiring or training skilled operators. The division of labour is the motive for trade and the source of economic interdependence. Historically, an increasing division of labour is associated with the growth of total output and trade, the rise of capitalism, and the increasing complexity of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agricultural Productivity
Agricultural productivity is measured as the ratio of agricultural outputs to inputs. While individual products are usually measured by weight, which is known as crop yield, varying products make measuring overall agricultural output difficult. Therefore, agricultural productivity is usually measured as the market value of the final output. This productivity can be compared to many different types of inputs such as labour or land. Such comparisons are called partial measures of productivity. Agricultural productivity may also be measured by what is termed total factor productivity (TFP). This method of calculating agricultural productivity compares an index of agricultural inputs to an index of outputs. This measure of agricultural productivity was established to remedy the shortcomings of the partial measures of productivity; notably that it is often hard to identify the factors cause them to change. Changes in TFP are usually attributed to technological improvements. Agri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Factors Of Production
In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, goods and services. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function. There are four ''basic'' resources or factors of production: land, labour, capital and entrepreneur (or enterprise). The factors are also frequently labeled "producer goods or services" to distinguish them from the goods or services purchased by consumers, which are frequently labeled "consumer goods". There are two types of factors: ''primary'' and ''secondary''. The previously mentioned primary factors are land, labour and capital. Materials and energy are considered secondary factors in classical economics because they are obtained from land, labour, and capital. The primary factors facilitate production but neither becomes part of the product (as with raw materials) nor becomes significantly t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity
In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price. Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory. Popular commodities include crude oil, corn, and gold. Other definitions of commodity include something useful or valued and an alternative term for an economic good or serv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Market
In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants. Scholars contrast the concept of a free market with the concept of a coordinated market in fields of study such as political economy, new institutional economics, economic sociology and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to the simple forces of supply and demand which create space for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Utrecht (province)
Utrecht (), officially the Province of Utrecht ( nl, Provincie Utrecht, link=no), is a province of the Netherlands. It is located in the centre of the country, bordering the Eemmeer in the north-east, the province of Gelderland in the east and south-east, the province of South Holland in the west and south-west and the province of North Holland in the north-west and north. The province of Utrecht has a population of 1,353,596 as of November 2019. It has a land area of approximately . Apart from its eponymous capital, major cities and towns in the province are Amersfoort, Houten, IJsselstein, Nieuwegein, Veenendaal and Zeist. The busiest railway station in the Netherlands, Utrecht Centraal, is located in the province of Utrecht. History The Bishopric of Utrecht was established in 695 when Saint Willibrord was consecrated bishop of the Frisians at Rome by Pope Sergius I. With the consent of the Frankish ruler, Pippin of Herstal, he settled in an old Roman fort in Utrecht ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Groningen (province)
Groningen (; gos, Grunn; fry, Grinslân) is the northeasternmost province of the Netherlands. It borders on Friesland to the west, Drenthe to the south, the German state of Lower Saxony to the east, and the Wadden Sea to the north. As of February 2020, Groningen had a population of 586,309 and a total area of . Historically the area was at different times part of Frisia, the Frankish Empire, the Holy Roman Empire, and the Dutch Republic, the precursor state of the modern Netherlands. In the 14th century, the city of Groningen became a member of the Hanseatic League. The provincial capital and the largest city in the province is the city of Groningen (231,299 inhabitants). Since 2016, René Paas has been the King's Commissioner in the province. A coalition of GroenLinks, the Labour Party, ChristianUnion, People's Party for Freedom and Democracy, Democrats 66, and Christian Democratic Appeal forms the executive branch. The province is divided into 10 municipalities. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Friesland
Friesland (, ; official fry, Fryslân ), historically and traditionally known as Frisia, is a province of the Netherlands located in the country's northern part. It is situated west of Groningen, northwest of Drenthe and Overijssel, north of Flevoland, northeast of North Holland, and south of the Wadden Sea. As of January 2020, the province had a population of 649,944 and a total area of . The province is divided into 18 municipalities. The capital and seat of the provincial government is the city of Leeuwarden (West Frisian: ''Ljouwert'', Liwwaddes: ''Liwwadde''), a city with 123,107 inhabitants. Other large municipalities in Friesland are Sneek (pop. 33,512), Heerenveen (pop. 50,257), and Smallingerland (includes city of Drachten, pop. 55,938). Since 2017, Arno Brok is the King's Commissioner in the province. A coalition of the Christian Democratic Appeal, the People's Party for Freedom and Democracy, the Labour Party, and the Frisian National Party forms the ex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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