Dutch Republic

Republiek der Zeven Verenigde Nederlanden / Zeven Provinciën Republic of the Seven United Netherlands ← 1581–1795 → Flag Coat of arms Motto Concordia res parvae crescunt (Unity makes small things grow) Location of the Netherlands 1658 map of the Dutch Republic Capital de facto, The Hague Language(s) Dutch Government Republic Legislature Dutch States-General Historical era Early Modern Age  - Established July 26  - French Revolutionary Wars January 19 De facto state religion being Calvinist Protestantism

The Republic of the Seven United Netherlands (or "of the Seven United Provinces") (Republiek der Zeven Verenigde Nederlanden/Provinciën; also Dutch Republic or United Provinces in short, Foederatae Belgii Provinciae or Belgica Foederata in Latin) was a European republic between 1581 and 1795, in about the same location as the modern Kingdom of the Netherlands, which is the successor state.

History

Long term rivalry between the two main factions in Dutch society, the Staatsgezinden (Republicans) and the Prinsgezinden (Royalists or Orangists) sapped the strength and unity of the country. Johan de Witt and the Republicans did reign supreme for a time at the middle of the Seventeenth century (the First Stadtholderless Period) until his overthrow and murder in 1672. Subsequently, William III of Orange became stadtholder, after a stadtholderless era of 22 years, and the Orangists regained power; his first problem was to survive the Franco-Dutch War (which was related to the Third Anglo-Dutch war), when France, England, Münster and Cologne united against his country.

Wars to contain the expansionist policies of France in various coalitions, after the Glorious Revolution mostly including England, burdened the Republic with huge debts, although little of the fighting after 1673 took place on its own territory. After William III's death in 1702 the Second Stadtholderless Period was inaugurated. The end of the War of Spanish Succession in 1713 marked the end of the Republic as a major military power.

Fierce competition for trade and colonies, especially from England, furthered the economic downturn of the country. The three Anglo-Dutch Wars and the rise of Mercantilism hurt Dutch shipping and commerce.

The establishment of the Bank of England, at a time when the Dutch were fighting against the French on Dutch soil, meant that money could be borrowed from London at lower interest rates, and at greater reliability and protection. Gradually, London displaced Amsterdam as the leading European financial centre.