CLEP Western Civ II

Category - Global Competition

Although the Dutch empire declined after the loss of colonies in the Peace of Utrecht, the Dutch still played a significant role in global trade for which of the following reasons?
  1. The inordinately high literacy rates that characterized the Dutch empire
  2. The military prowess of the Dutch in continental Europe
  3. The failure of European nations to develop corporate structures
  4. Geographic location made avoiding Dutch ports impossible
  5. The established role of the Dutch bankers and freight carriers
Explanation
Answer: E - Although the Dutch empire declined significantly after losing a series of wars with the British, Dutch dominance in shipping and banking ensured that the Dutch still played an essential role in global trade. Having created the first effective international bank, the Dutch retained their place in Europe's financial sector. In addition, they became cargo carriers for other European nations whose trade was expanding.
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