The Dutch Golden Age: The Rise of the Netherlands as a Global Power in the 17th Century

During the 17th century, the Netherlands, despite having only 1.5 million people in 1600, became a global maritime and trading power. By contrast, France at the time had 20 million people, Spain had 8 million, and England had 5 million. Nevertheless, Amsterdam became one of the most important urban centers in the world and the location of the world’s first stock market, and Dutch merchant ships and pirates plied the Atlantic Ocean, the Indian Ocean, and the Pacific Ocean. The Dutch acquired colonies in the East Indies, where they seized control of the spice trade from the Portuguese, and in the West Indies, they acquired a number of islands from the Spanish (several of which are still Dutch today). They became the only Westerners who were allowed to trade with Shogunate Japan from a small island next to Nagasaki, and they settled the town that ultimately became New York City. Naturally, all of this imperialism generated enormous amounts of wealth that flowed into the Netherlands.

What made the Netherlands’ global influence in the 17th century all the more remarkable is that the Dutch had only recently achieved political independence through the process of fighting a long and brutal war of resistance against rule by the Spanish Hapsburgs, starting in 1568. In 1581, the seven northern provinces – Holland, Zeeland, Utrecht, Gelderland, Overijssel, Friesland, and Groningen – declared their independence, and fighting took place back and forth on land and sea for decades, with the Dutch receiving some much-needed assistance from England’s Queen Elizabeth I. Thousands of civilians were massacred by the rampaging Spanish armies, and on the water, Dutch “sea beggars” attacked and harassed the Spanish fleet. Pro-Spanish privateers operating out of Dunkirk did the same against Dutch shipping.