Decline
- Long-term rivalry between the two main factions in Dutch society, the Staatsgezinden (Republicans) and the Prinsgezinden (Royalists or Orangists), sapped the strength and unity of the country. Johan de Witt and the Republicans did reign supreme for a time at the middle of the 17th century (the First Stadtholderless Period) until his overthrow and murder in 1672. Subsequently, William III of Orange became stadtholder. After a stadtholderless era of 22 years, the Orangists regained power, and his first problem was to survive the Franco-Dutch War (which was related to the Third Anglo-Dutch war), when France, England, Münster and Cologne united against this country.
- Wars to contain the expansionist policies of France in various coalitions after the Glorious Revolution, mostly including England, burdened the republic with huge debts, although little of the fighting after 1673 took place on its own territory. The necessity to maintain a vast army against France meant that less money could be spent on the navy, weakening the Republic's power against England. After William III's death in 1702 the Second Stadtholderless Period was inaugurated. The end of the War of Spanish Succession in 1713 marked the end of the republic as a major military power.
- Fierce competition for trade and colonies, especially from England, furthered the economic downturn of the country. The three Anglo-Dutch Wars and the rise of mercantilism had a negative effect on Dutch shipping and commerce.
- The establishment of the Bank of England, at a time when the Dutch were fighting against the French on Dutch soil, meant that money could be borrowed from London at lower interest rates, and at greater reliability and protection. Gradually, London displaced Amsterdam as the leading European financial center.
Read more about this topic: Dutch Republic
Famous quotes containing the word decline:
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“But only that soul can be my friend which I encounter on the line of my own march, that soul to which I do not decline, and which does not decline me, but, native of the same celestial latitude, repeats in its own all my experience.”
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“Our achievements speak for themselves. What we have to keep track of are our failures, discouragements, and doubts. We tend to forget the past difficulties, the many false starts, and the painful groping. We see our past achievements as the end result of a clean forward thrust, and our present difficulties as signs of decline and decay.”
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