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During the eighteenth century European governments began systematically using an international credit structure whose centre was the Amsterdam capital market. This book reconstructs that system and surveys its principal effects on the European and especially the Dutch economies. Eighteenth-century states borrowed chiefly to finance wars and, increasingly toward the century's end, debts from earlier wars. Military and naval spending and debt service together consumed up to eighty percent of peacetime revenues and more in war. Borrowing on international markets stabilised previously disruptive deficit financing techniques and moderated the economic consequences of sharply irregular war spending. This development however, eased the problems of war-making more than it developed national economies or enhanced prosperity. The Dutch, heretofore seen as having squandered the advantage of cheap credit, actually faced the difficult problem of finding productive uses for their savings at satisfactory returns.

History of the Netherlands --- anno 1800-1899 --- anno 1700-1799 --- Amsterdam --- Loans, Dutch --- Capital --- International finance --- Prêts hollandais --- Finances internationales --- History --- Histoire --- 336.76 --- -336.3 --- 338 <09> --- -Loans, Dutch --- -NL / Netherlands - Nederland - Pays Bas --- 331.162.1 --- Dutch loans --- International monetary system --- International money --- Finance --- International economic relations --- Capital assets --- Fixed assets --- Economics --- Capitalism --- Infrastructure (Economics) --- Wealth --- Beurswezen. Geldmarkt. Valutamarkt. Binnenlandse geldmarkt. Valutamarkt --- Nationale schulden. Staatsschulden. Openbare schulden. Staatslening. Staatsfondsen. Staatsbankroet --- Economische geschiedenis --- Geschiedenis van de financiële markten. --- History. --- 338 <09> Economische geschiedenis --- 336.3 Nationale schulden. Staatsschulden. Openbare schulden. Staatslening. Staatsfondsen. Staatsbankroet --- 336.76 Beurswezen. Geldmarkt. Valutamarkt. Binnenlandse geldmarkt. Valutamarkt --- Prêts hollandais --- NL / Netherlands - Nederland - Pays Bas --- 336.3 --- Geschiedenis van de financiële markten --- Arts and Humanities