In 1650 the Dutch republic, a political union of seven provinces, was a formidable commercial, financial, and naval power. The wealthiest and most powerful province was Holland, dominated by the influential merchant elite of Amsterdam, the leading banking and trading center in Europe. For the Dutch Republic, the period from 1650 to the Peace of Utrecht (1713) was one of shifting alliances and a series of military conflicts with other European powers. There were many challenges to the …showed first 75 words of 1236 total…

…showed last 75 words of 1236 total…to wars and competition, the economy declined steadily in the late seventeenth and early eighteenth centuries. The Dutch Republic was one of the most influential and dominating economic powers of the seventeenth century. The time period from 1650 to 1713 brought about many changes to the republic, and slowed down the economy. War and competition, brought about by the advances of the Industrial Revolution, allowing other countries to reach the same economic heights of the Dutch republic.