Glorious Revolution : Emergence of the Anglo-Dutch complex
William of Orange III and his Dutch army land in Brixham, 1688 - Glorious Revolution - Wikipedia
In the first place, during the Augsburg War, the Bank of England was established as a bond-receiving and issuing bank to finance the war effort. The Bank of England thus became a keystone of what P. Dixon calls the 'fiscal revolution' and J. Brewer the 'fiscal military state'. The union of the Dutch and English cohorts (1689-1702) became a military-financial complex. This resulted in a soft landing of world hegemony from the Netherlands to England.
Iwanami Shoten (1999), World History 16: Sovereign States and the Enlightenment 16-18th Century, p.60 (Kazuhiko Kondo, "Early Modern Europe").
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