Bank of Amsterdam organization
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Related entities (most co-mentioned)
United Kingdomcountry · 1Bank of Englandorganization · 1Swedencountry · 1East India Companyorganization · 1Amsterdamplace · 1Dutch Republicorganization · 1
Claims (1)
Dutch Republic founded
Bank of Amsterdam host_asserted
“So what else is going on here? The Bank of Amsterdam is the world's first central bank. It was created in 1609 and basically what it did is it offered merchants a fixed stable value currency. The Gilder becomes the global default reserve cu…”
▶ The Shadow State 66 The Rise & Fall of the Dutch Empire @ 41:14
Mentions (4)
▶ 41:14
So what else is going on here? The Bank of Amsterdam is the world's first central bank. It was created in 1609 and basically what it did is it offered merchants a fixed stable value currency. The Gilder becomes the global default reserve cu…
▶ 52:14
state by 1781 suspended payment on its outstanding debts at no revenue bank of amsterdam got caught completely naked i've been extending credit to the voc secretly people start hearing about this they get runs on the banks they start demand…
▶ 52:46
By 1784, the bank's insolvent with debt to GDP of greater than 250%, and the British pound becomes the new reserve currency. The VOC would dissolve in 1799, and the Bank of Amsterdam would be wound down by 1819, as if it never existed. The …
▶ 25:27
It was a real easy trade because the exchange rates were off. We can go into more detail about that another time. By 1694, the Bank of England is founded. And it is now the second oldest continuous central bank. Any guesses what the oldest …