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Which European country dominated international commerce in the early seventeenth century?

In the early seventeenth century, the Netherlands dominated international commerce, primarily due to its advanced maritime trade networks and powerful Dutch East India Company. The Dutch were at the forefront of global trade, establishing colonies and trade routes that facilitated the exchange of goods such as spices, textiles, and sugar. Their innovative financial systems, including the use of stock exchanges, further bolstered their economic power, allowing them to outpace other European nations in trade.


Who was the richest country in the 17th century?

It was a major European country, probably Spain or the United Kingdom. Some other notable rich countries were India, France, Germany, etc.Answer2:The Dutch Empire dominated global commerce during the second half of the 17th century.


What are the impacts of a national culture as an organization purses international commerce?

National culture significantly influences an organization's approach to international commerce by shaping communication styles, negotiation tactics, and decision-making processes. It affects consumer behavior and preferences, necessitating tailored marketing strategies to resonate with local markets. Additionally, understanding cultural norms can enhance relationship-building with international partners and customers, fostering trust and collaboration. Failing to acknowledge these cultural differences can lead to misunderstandings and potential business failures.


What steps did sher shah take to promote trade and commerce in medieval India?

To promote trade and commerce,Sher Shah standardised coins and weights and measures.


How did the triangular trade benefit Europeans?

The triangular trade significantly benefited Europeans by providing access to valuable resources and goods from Africa and the Americas, such as sugar, tobacco, and cotton, which were in high demand in European markets. This trade system also facilitated the exploitation of enslaved Africans, who were transported to work in plantations, thereby increasing production and profits for European merchants and colonial powers. Additionally, the trade routes enhanced maritime commerce and contributed to the growth of European economies during the 16th to 19th centuries, solidifying their dominance in global trade.

Related Questions

When was International Bank of Commerce created?

International Bank of Commerce was created in 1966.


When was International Commerce Centre created?

International Commerce Centre was created in 2010.


When was Diwang International Commerce Center created?

Diwang International Commerce Center was created in 2006.


What are the Importance of triad nations in promoting international commerce?

The importance of triad nations in the world of international commerce is growing and will continue to grow. The triad countries are the U.S., Japan and countries within the European Union. They are major trading partners and have high GDP and GDP per capita.


What is the international language of commerce?

English is the International Trade Language.


What is the height of International Commerce Centre?

The height of International Commerce Centre in Hong Kong is 484 m.


What has the author Daniel S Hamilton written?

Daniel S. Hamilton has written: 'Transatlantic Transformations' 'Partners in prosperity' -- subject- s -: American Investments, Commerce, European Investments, Foreign economic relations, International economic integration, Investments, American, Investments, European 'Globalization and Europe' -- subject- s -: Commerce, Globalization, Politischer Wandel, Foreign economic relations, International economic integration, Globalisierung


Which country is International Commerce Centre found?

International Commerce Centre is a building found at Hong Kong in Hong Kong.


How wide is international commerce center?

are you sure


How does commerce facilitate international co-operation?

national and international co-operation


How does commerce facilitate International co operation?

national and international co-operation


How does the international nature of e-commerce affect its infrastructure?

The international nature of e-commerce affects its infrastructure in the sense that the international structure of e-commerce or e-trade allows for a looser structure and gives more freedom to individual online sellers on eBay and Amazon.