Episode 294: The Dutch Rebellion

The Dutch Rebellion is the longest domestic revolt in modern European history. Over 80 years the Dutch slowly but surely ground Philip II into bankruptcy. While Philip had what he thought was an inexhaustible pool of Mexican and Peruvian gold and silver to draw from, what he did not understand were the modern forces of inflation and interest. In the end, more even than the Dutch people, Philip found himself undone by modern economics.

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