Netherlands practically invented financial capitalism in the 16th through 18th century And even here, you find that the Dutch also instituted the first real ce

Netherlands practically invented financial capitalism in the 16th through 18th century And even here, you find that the Dutch also instituted the first real central bank[0], which laissez faire folks would tell you lead to panics and recessions. Tulipmania[1] happened about twenty years later, but I'm open to believing that was a coincidence. [0]https://en.wikipedia.org/wiki/Bank_of_Amsterdam https://en.wikipedia.org/wiki/Bank_of_Amsterdam [1]https://en.wikipedia.org/wiki/Tulip_mania https://en.wikipedia.org/wiki/Tulip_mania