The 1500s

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Title: The 1500s
 
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Subject: Ancient
Author: Anonymous
Date: July 1, 2009
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Length: 7 / 1873
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In the seventeenth century Amsterdam and London surpassed it. In each case an important trade based on a well-populated hinterland provided profits for diversification int! o manufacturing industry, services, and banking. The Bank of Amsterdam and The Bank of England were already international economic forces in the in the seventeenth century...
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The Bank of Amsterdam and The Bank of England were already international economic forces in the in the seventeenth century. About them clustered other banks and merchant houses undertaking operations of credit and finance. Interest rates came down and the bill of exchange, a medieval invention, underwent an enormous extension of use and became the primary financial instrument of international trade...
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