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It started
by carrying further the shift of economic gravity from southern to
north-western Europe, from the Mediterranean to the Atlantic, which
has already been remarked. One contribution to this was made by
political troubles and wars such as ruined Italy in the early
sixteenth century. The great commercial success story of the sixteenth
century was Antwerp's, though it collapsed after a few decades in
political and economic disaster...
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The great commercial success story of the sixteenth
century was Antwerp's, though it collapsed after a few decades in
political and economic disaster. 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 into
manufacturing industry, services, and banking...
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