The North had suffered much in the war. The frequent inundation of the land destroyed crops. Amsterdam long held out against the rest of Holland in loyalty to the king, but she suffered so much by the blockade of the Beggars of the Sea and by the emigration of her merchants to nearby cities, that at last she gave in and cast her lot with her people. From that time she assumed the commercial hegemony once exercised by Antwerp. Recovering rapidly from the devastations of war, the Dutch Republic became, in the seventeenth century, the first sea-power and first money-power in the world. She gave a king to England and put a bridle in the mouth of France. She established colonies in America and in the East Indies. With her celebrated new university of Leyden, with {276} publicists like Grotius, theologians like Jansen, painters like Van Dyke and Rembrandt, philosophers like Spinoza, she took the lead in many of the fields of thought. Her material and spiritual power, her tolerance and freedom, became the envy of the world. [1] The guilder, also called the "Dutch pound," at this time was worth 40 cents intrinsically. Money had many times the purchasing power that it has in 1920. [2] The word, meaning "prayer," indicated, like the English "benevolence" and the French "don gratuit," that the tax had once been voluntarily granted. [3] The dollar, or Thaler, is worth 75 cents, intrinsically. {277} CHAPTER VI ENGLAND SECTION 1. HENRY VIII AND THE NATIONAL CHURCH. 1509-47 [Sidenote: Henry VIII, 1509-47] "The heavens laugh, the earth exults; all is full of milk and honey and nectar." With these words the accession of Henry VIII was announced to Erasmus by his pupil and the king's tutor, Lord Mountjoy. This lover of learning thought the new monarch would be not only Octavus but Octavius, fostering letters and cherishing the learned. There was a general feeling that a new era was beginning and a new day dawning after the long darkness of the Middle Age with its nightmares of Black Deaths and Peasants' Revolts and, worst of all, the civil war that had humbled England's power and racked her almost to pieces within. It was commonly believed that the young prince was a paragon: handsome, athletic, learned, generous, wise, and merciful. That he was fond of sports, strong and in early life physically attractive, is well attested. The principal evidences of his learning are the fulsome testimony of Erasmus and his work against Luther. But it has been lately shown that Erasmus was capable of passing off, as the work of a powerful patron, compositions which he knew to be written by Latin secretaries; and the royal author of the _Defence of the Seven Sacraments_, which evinces but mediocre talent, received much unacknowledged assistance.