The Dutch Golden Age, known for its renowned artists and writers, was also remarkable for its immense impact on the spheres of commerce, finance, shipping, and technology. Israel gives the definitive account of the emergence of the United Provinces as a great power, its subsequent decline in the 18th century, and the changing relationship between the northern Netherlands and the south, which was to develop into modern Belgium. 32 color plates.

Rembrandt, Hals and Vermeer are still household names, even though they died over three hundred years ago. In their lifetimes they witnessed the extraordinary consolidation of the newly independent Dutch Republic and its emergence as one of the richest nations on earth. As one contemporary wrote in 1673: the Dutch were 'the envy of some, the fear of others, and the wonder of all their neighbours'. During the Dutch Golden Age, the arts blossomed and the country became a haven of religious tolerance. However, despite being self-proclaimed champions of freedom, the Dutch conquered communities in America, Africa and Asia and were heavily involved in both slavery and the slave trade on three continents. This substantially revised second edition of the leading textbook on the Dutch Republic includes a new chapter exploring slavery and its legacy, as well as a new chapter on language and literature.

This study offers the first complete overview of the remarkable public finances of the Dutch Republic of the United Provinces. Wantje Fritschy has analysed the development and structure of its public revenue and expenditure. She argues that a ‘tax revolution’ and the ‘fiscal resilience’ of the provinces together were more important for its surprising performance than Holland’s public debt alone, and the institutional and economic characteristics of its ‘urban system’ were more important than wealth due to foreign trade. Comparisons with the fiscal systems of three more centralized states - the Venetian Republic, Britain and the Ottoman Empire - underline the crucial importance of long-term ‘urbanization trajectories’ in understanding early-modern fiscal performance. It was not because it was federal that the Dutch Republic collapsed.

In the first half of the seventeenth century the Dutch Republic emerged as one of Europe's leading maritime powers. The political and military leadership of this small country was based on large-scale borrowing from an increasingly wealthy middle class of merchants, manufacturers and regents This volume presents the first comprehensive account of the political economy of the Dutch republic from the sixteenth to the early nineteenth century. Building on earlier scholarship and extensive new evidence it tackles two main issues: the effect of political revolution on property rights and public finance, and the ability of the nation to renegotiate issues of taxation and government borrowing in changing political circumstances. The essays in this volume chart the Republic's rise during the seventeenth century, and its subsequent decline as other European nations adopted the Dutch financial model and warfare bankrupted the state in the eighteenth century. By following the United Provinces's financial ability to respond to the changing national and international circumstances across a three-hundred year period, much can be learned not only about the Dutch experience, but the wider European implications as well.