Why was Amsterdam so wealthy?
Why was Amsterdam so wealthy? Thus Amsterdam became a center of world trade, with a large fleet of both trading and war ships. This time is known in Dutch history as the Golden Age. More innovations in trade came. The city set up an exchange bank, whereby the money was stored in the basements of the City Hall.
Why is Switzerland so rich?
Strong Economy and Financial Sector Switzerland has a highly developed economy that is largely based on its strong financial sector. The country is home to several of the world's largest banks, including UBS and Credit Suisse, as well as numerous insurance companies and wealth management firms.
What is the wealthiest country in Europe?
Luxembourg is the wealthiest country in the European Union, per capita, and its citizens enjoy a high. It is a major center for large private banking, and its finance sector is the biggest contributor to its economy.