History of Economics; Or, Economics As a Factor in the Making of History
History of Economics; Or, Economics As a Factor in the Making of History
Joseph Adalbert Dewe
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In the words of the con- temporary Italian writer, Giucciardini, "Antwerp ex- ported jewels, precious stones, silver bullion, quicksilver; wrought silks, gold and silver cloth and thread, spices, drugs, sugar, cotton, cinnamon, lemons, fine and coarse serges, tapestry, madder, hops in large quantities, glass, salt fish, and other merceries of all sorts, besides arms of all kinds, ammunition for war, and household furniture." These goods clearly indicate, by the variety of their nature, the enor...mous extent of the trade between Ant- werp and other countries. But Antwerp began to de- cline. Continual sackings and massacres, during the administration of Alva, and, later on, the closing of the Scheldt by the Treaty of Westphalia, had the effect of ex- tinguishing for some considerable time her commercial activity and transferring it to England. When, again, the colonial system was introduced, England was equally fortunate in the race for trade com- petition. When the Dutch became rivals to the Eng- lish, hostile combinations of rival powers brought them to the ground.
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