Posts Tagged ‘New Amsterdam’

Glorious Revolution – 1

It seems that many people know the year 1688 as the year of the Glorious Revolution in England. However, not many understand that it had to do with the Dutch financiers who ruled the waves for much of the 17th century, and the English financiers in the City who were hell-bent on creating an English Parliament. Jews and Huguenots, the perennial enemies of the Church, made up both groups. It was only a question of time for them to come together and create the English Parliament and the first commercial bank ever, the Bank of England.

In the 16th century, William the Silent, also known as William of Nassau and Prince of Orange, had succeeded in freeing the Netherlands from the grip of Catholic Spain. Over the years he and his descendants welcomed hundreds of thousands of Jews, new Christians, as they called themselves, and Huguenots, persecuted Protestants from France, to Amsterdam. Thanks to this influx of businessmen and financiers, Amsterdam became the trading capital of the world and the Dutch ruled the waves for much of the 17th century. It’s a well-known fact that New Amsterdam—the city that was to become known as New York in 1667—was officially created by the Dutch East India Company in 1625, and that the Cape of Good Hope, which was also a Dutch East India Company outpost, was created in 1652. The Dutch had a very strong naval presence, both military and merchant, in Amsterdam, New Amsterdam and the Cape, and they controlled the Atlantic and Indian Oceans.

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