| | Charles fought very expensive naval wars with the Dutch, almost bankrupting the Crown; his fleet managed to seize New Netherlands, soon renamed after his brother as New York. | | Charles fought very expensive naval wars with the Dutch, almost bankrupting the Crown; his fleet managed to seize New Netherlands, soon renamed after his brother as New York. |
| − | After the restoration in 1660, the king cooperated with London-based merchants. He issued a series of anti-Dutch policies that reflected the mercantilist notion that weakening the rival was the way to wealth. Charles believed that advancing trade and shipping would strengthen the political and financial position of the restored monarchy. The merchants and chartered companies, such as the East India Company, Royal Adventurers Trading into Africa, and Levant Company, thought economic primacy could be seized by defeating the Dutch. A combination of English naval force and privateering would, they hoped, cripple the Dutch Republic and force the States General to agree to a favorable peace. The Second Anglo-Dutch War, 1665-67, did not bring these results, however. Only some 450 Dutch merchantmen were captured instead of the 1,200-1,500 vessels taken during the First Anglo-Dutch War, 1652-54. In 1665 many Dutch ships were intercepted, and Dutch trade and industry declined. After the initial shock had worn off. Dutch traders took precautions and benefited from the absence of the English fleet, and the Dutch maritime trade recovered from 1666 onward. However, English commercial interests were hit much more severely, and by the end of the war Charles' regime faced virtual bankruptcy. English attempts to gain economic dominance through violence had failed. | + | After the restoration in 1660, the king cooperated with London-based merchants. He issued a series of anti-Dutch policies that reflected the mercantilist notion that weakening the rival was the way to wealth. Charles believed that advancing trade and shipping would strengthen the political and financial position of the restored monarchy. The merchants and chartered companies, such as the [[East India Company]], Royal Adventurers Trading into Africa(which later became the [[Royal African Company]]), and Levant Company, thought economic primacy could be seized by defeating the Dutch. A combination of English naval force and privateering would, they hoped, cripple the Dutch Republic and force the States General to agree to a favorable peace. The Second Anglo-Dutch War, 1665-67, did not bring these results, however. Only some 450 Dutch merchantmen were captured instead of the 1,200-1,500 vessels taken during the First Anglo-Dutch War, 1652-54. In 1665 many Dutch ships were intercepted, and Dutch trade and industry declined. After the initial shock had worn off. Dutch traders took precautions and benefited from the absence of the English fleet, and the Dutch maritime trade recovered from 1666 onward. However, English commercial interests were hit much more severely, and by the end of the war Charles' regime faced virtual bankruptcy. English attempts to gain economic dominance through violence had failed. |