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7/12/2025, 12:38:18 AM
The Dutch Tulip Bubble of the 1630s was a speculative frenzy that enriched Amsterdam's financial sector, and the wealth generated was later used to support William of Orange in his campaign to seize the English throne from his father-in-law, James II. With William's success, the stage was set for the expansion of the financial institutions that had been pioneered in Amsterdam. By 1694, these systems—central banking, stock markets, and lending houses—were firmly established in London.
In 1654, the first Jewish settlers arrived in New Netherland, marking the beginning of Jewish immigration to North America. By this time, Jewish merchants and investors had become significant stakeholders in both the Dutch East and West India Companies, collectively owning more than a quarter of their shares. Their involvement in these enterprises reflected the growing influence of Jewish communities in European commerce and finance.
From there, England exported this new form of banking to its colonies, spreading its influence across the globe. This financial system, rooted in the experiments of Amsterdam and refined in London, would go on to shape the modern world.
On February 9, 1674, less than a century after the establishment of the Amsterdam stock exchange and central bank, the Dutch Republic agreed to transfer the colony of New Amsterdam to England under the Treaty of Westminster. The city was renamed New York in honor of the Duke of York, later King James II. This transfer occurred shortly before the Glorious Revolution of 1688, which reshaped the political landscape of England and its colonies.
In 1654, the first Jewish settlers arrived in New Netherland, marking the beginning of Jewish immigration to North America. By this time, Jewish merchants and investors had become significant stakeholders in both the Dutch East and West India Companies, collectively owning more than a quarter of their shares. Their involvement in these enterprises reflected the growing influence of Jewish communities in European commerce and finance.
From there, England exported this new form of banking to its colonies, spreading its influence across the globe. This financial system, rooted in the experiments of Amsterdam and refined in London, would go on to shape the modern world.
On February 9, 1674, less than a century after the establishment of the Amsterdam stock exchange and central bank, the Dutch Republic agreed to transfer the colony of New Amsterdam to England under the Treaty of Westminster. The city was renamed New York in honor of the Duke of York, later King James II. This transfer occurred shortly before the Glorious Revolution of 1688, which reshaped the political landscape of England and its colonies.
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