Anglo-Dutch Wars event
also: wars with Great Britain
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▶ 49:26
merchants are subsidizing their competition. And they wanted the interest rate from the British pound was paying good interest. So as you might imagine, a bunch of wars with Great Britain break out. And they last for about 130 years, starti…
▶ 50:00
The Dutch said, no, no, no, no, no, you got to take our ships, so we're going to fight a war over it. Nobody really wins, but England emerges with that Navigation Act intact. So Amsterdam no longer is the global hub, it's got competition. T…