Economy
By the mid-16th century, the Margraviate of Antwerp (Duchy of Brabant) had become the economic, political, and cultural center of the Netherlands after its capital had shifted from the nearby Lordship of Mechelen to the city of Brussels.
Bruges (County of Flanders) had already lost its prominent position as economic powerhouse of northern Europe. And Holland was gradually gaining importance in the 15th and 16th centuries.
However after the revolt of the seven northern provinces (1568), the Sack of Antwerp (1576), the Fall of Antwerp (1584-1585), and the resulting closure of the Scheldt river to navigation, a large number of people from the southern provinces emigrated north to the new republic. The center of prosperity moved from cities in the south such as Bruges, Antwerp, Ghent, and Brussels to cities in the north, mostly Holland, including Amsterdam, The Hague, and Rotterdam.
Read more about this topic: Seventeen Provinces
Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)