Multiple Choice
In 1600, what enabled the Dutch East India Company to raise ten times the capital that the English East India Company could raise?
A) Amsterdam had the most efficient money market with the lowest interest rates in the world.
B) The Dutch controlled the trade in East Indian spices and used their sale to generate capital.
C) The English had not yet developed financial systems such as joint stock companies and banks.
D) The Dutch monarchs provided large amounts of capital to the Dutch East India Company.
Correct Answer:
Verified
Correct Answer:
Verified
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