The Dutch Golden Age, the age of Grotius, Spinoza, Rembrandt, Vermeer, and a host of other renowned artists and writers was also remarkable for its immense impact in the spheres of commerce, finance, shipping, and technology. It was in fact one of the most spectacularly creative episodes in the history of the world. Jonathan Israel gives the definitive account of the emergence of the United Provinces as a great power, and explains the subsequent decline in the eighteenth century. He places the thought, politics, religion, and social developments of the Golden Age in their broad context, and examines the changing relationship between the northern Netherlands and the south, which was to develop into modern Belgium.

For nearly two centuries the Dutch Republic, despite its small size and population, functioned as the hub of world trade, shipping, and finance. This is the first detailed general account of that hegemony from its origins in the sixteenth century to the final collapse of the Dutch trading system in the eighteenth century. The economic structure of the early modern world was such that the Dutch Republic--particularly its chief business emporium, Amsterdam--was able to dominate the world economy to a far greater degree than any commercial power before or since. Using archival and secondary sources, this book explains how one small nation was able to maintain this ascendancy for so long, and details the mechanisms by which this was achieved and sustained, as well as the stages of its evolution.