Rise of the Great T Nation - Netherlands

Author: CCTV Program Group of "The Rise of a Great Nation"
Publisher:
Publish Date: 2006-11-01
Features: Located in Northwestern Europe, the small country of the Netherlands, which is only half the size of two and a half Beijings, started its business as a middleman trading in herring in the wetlands and lakes where tides appeared. They designed cheaper ships, relying on their advantageous geographical location and good commercial reputation, gradually transforming from intermediaries into warriors of long-distance navigation. The increasingly prosperous Dutch citizens bought the autonomy of the city from the nobles and established a federal republic that fully protected the rights of merchants. They founded the world's first joint-stock company—the Dutch East India Company. They monopolized half of the global trade at the time. They built the world's first stock exchange, giving birth to the capital market. They pioneered the establishment of modern banks and invented the credit system that is still in use today. With the establishment of a series of modern financial and commercial systems, the 17th century became the century of the Netherlands. Due to natural shortcomings such as land area and population, by the late 17th century, the Netherlands gradually lost its hegemony over the world. But even today, the lives of the Dutch people remain prosperous, and the commercial rules they created continue to influence the world...
Located in Northwestern Europe, the small country of the Netherlands, which is only half the size of two and a half Beijings, started its business as a middleman trading in herring in the wetlands and lakes where tides appeared. They designed cheaper ships, relying on their advantageous geographical location and good commercial reputation, gradually transforming from intermediaries into warriors of long-distance navigation. The increasingly prosperous Dutch citizens bought the autonomy of the city from the nobles and established a federal republic that fully protected the rights of merchants. They founded the world's first joint-stock company—the Dutch East India Company. They monopolized half of the global trade at the time. They built the world's first stock exchange, giving birth to the capital market. They pioneered the establishment of modern banks and invented the credit system that is still in use today. With the establishment of a series of modern financial and commercial systems, the 17th century became the century of the Netherlands. Due to natural shortcomings such as land area and population, by the late 17th century, the Netherlands gradually lost its hegemony over the world. But even today, the lives of the Dutch people remain prosperous, and the commercial rules they created continue to influence the world.