What are the reasons for the rapid development of Holland in the early 17th century?

At the beginning of the 17th century, Holland became one of the leading economic powers of the time. There were a number of prerequisites for this. First, it is centrally located in world ocean trade (especially after the Great Geographical Discoveries). Secondly, the transition to capitalism as a result of the bourgeois revolution that took place. And thirdly, the presence of developed shipbuilding and cheap freight, which allowed the Netherlands to become the largest world carrier of that time.

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