A Financial History of the Netherlands by Marjolein 't Hart, Joost Jonker, Jan Luiten van Zanden

By Marjolein 't Hart, Joost Jonker, Jan Luiten van Zanden

This ebook is the 1st complete evaluation of Dutch monetary background from the 16th century to the current day. it really is replete with facts and figures drawn from clean examine for the most important parts that decided the improvement of public finance, foreign money and banking. It presents a step by step description of the evolution of the monetary structures in a single of the pioneer nations of recent finance.

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It was one of the conditions which allowed the public debt to increase. 8 depicts the revenues received from tax on farmers, which included the excises and the taxes on cattle and crops. They had yielded 540,000 guilders by 1574. But in the following decade, this sum more than doubled, due to higher rates and new taxes, confirming the observation of Fynes Moryson quoted earlier. The revenues rose to over two million by the end of the sixteenth century, although few additions were voted for. Major increases were enacted in 1604-6, resulting in an amount of 4,344,000 guilders in 1608.

262). By contrast, the inland provinces counted only some minor duties that did not exist in the maritime areas, such as a small duty upon the keeping of bees and sheep. With a lower degree of commerce and trade, funds were harder to get. In Overijssel, for example, the annual revenue averaged only 18,500 guilders in 1571-4. The major cities - Zwolle, Deventer and Kampen - staunchly blocked the introduction of general means. By the turn of the century, some new Overijssel taxes were introduced.

268-9). Thus the long conflict with Spain tested Dutch resources but it did not exhaust them. What was more, the struggle for independence even yielded the Republic new resources - domestic as well as foreign. In that respect, the Union of Provinces was indeed a living paradox. The public finances that emerged stood out for their modernity among European powers. However, the fragmented power structure dominated by the gewesten proved an impediment for renewals. The oligarchies tended to revert to the 36 A financial history of The Netherlands successful methods of the early seventeenth century.

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