Interest rates in premodern Amsterdam

August 13, 2009

Ok it has nothing to do with the theme of the week (the Glorious Revolution), but I’m sure you hadn’t remarked there was a theme of the week anyhow.

So here is a very compeling story that explains better than anything else the process of financial revolution; here is a table showing the interest rates in 16th and 17th century for private loans used by small and medium businessmen:

Picture 3Source: Dehing, Pit and Marjolein ‘T hart (1997) “Linking the fortunes: currency and banking, 1550-1800” in Marjolein ‘T Hart, Joost Jonker and Jan Luiten van Zanden, eds., A financial history of the Netherlands, Cambridge: Cambridge University Press, p.44-45.