The Amsterdam Entrepôt is the shorthand term that English-language economic historiographers use to refer to the trade system that helped the Dutch Republic achieve primacy in world trade during the 17th century. The Dutch prefer the term stapelmarkt, which has less currency in the English language.
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👉 Amsterdam Entrepôt in the context of Entrepôt
An entrepôt (English: /ˈɒntrəpoʊ/ ON-trə-poh; French: [ɑ̃tʁəpo] ) is a transshipment port, city, or trading post where merchandise may be imported, stored, or traded, usually to be exported again. Entrepôt also means 'warehouse' in modern French, and is derived from the Latin roots inter 'between' + positum 'position', literally 'that which is placed between'. Typically located on a crossroads, river, canal, or maritime trade route these trade hubs played a critical role in trade during the age of sail. Modern logistics, supply chain networks, and border controls have largely made entrepôts obsolete, or reduced them in number, but the term is still used to refer to duty-free ports or those with a high volume of re-export trade.
Railways, Container Ships, Air-Freight, and Telecommunications have created a world in which commodities and manufactured goods are shifted from one part of the globe to another in regular, controlled, and reliable streams; see Just-in-Time Manufacturing. Eliminating the factors which once made the entrepot phenomenon central to trade networks. But, as pointed out by the Dutch economist T.P. van der Kooy and has been more recently restated by P.W. Klein, before the Industrial Revolution the flow of goods from one part of the world to another, even one region of a country to another, was so irregular and unpredictable that there was no possibility of achieving any sort of steady distribution, any balancing of supply and demand, or any sort of price stability except by stockpiling great reserves of commodities in central storehouses; ie entrepots.
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Amsterdam Entrepôt in the context of Economic history of the Dutch Republic
The economic history of the Netherlands (1500–1815) covers the Netherlands as the Habsburg Netherlands, through the era of the Dutch Republic, the Batavian Republic and the Kingdom of Holland.
After becoming de facto independent from the empire of Philip II of Spain around 1585 the country experienced almost a century of explosive economic growth. The young Republic became the dominant trade power by the mid-17th century, partly due to its shipbuilding. In 1670, the Dutch merchant marine totalled 568,000 tons of shipping—about half the European total. Pillars of this position were the dominance of the Amsterdam Entrepôt in European trade, and that of the Dutch East and West India Companies (VOC and WIC) in intercontinental trade. The Dutch society had possibly the highest standard of living in Europe (and probably in the world) by the middle of the 17th century. Affluence facilitated a Golden Age in culture typified by the artist Rembrandt van Rijn (1606–1669).