Economy
In the 18th century, "Statia" was the most important Dutch island in the Caribbean and a center of great wealth from trading. At this time it was known as the "Golden Rock". A French occupation in 1795 was the beginning of the end of its prosperity.
Read more about this topic: Sint Eustatius
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)