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Open Access Chapter XVI: Gloomy prospects

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Chapter XVI: Gloomy prospects

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Chapter Summary

All circumstances considered, the Netherlands fared reasonably well during the first two years of the war. Far away from the battlefields, the Netherlands Indies remained 'the most blessed place on God's earth'. The gloomy picture many people in Holland and the Netherlands Indies had sketched in August 1914 never eventuated. After the outbreak of the war, estates and other companies had fired staff, or had cut their salary. Nevertheless, the number of Europeans who had lost their job had remained small, and should be counted in the dozens, not in hundreds. In 1915 and 1916 domestic trade in a number of regions in the Netherlands Indies, but not all, recovered from the recession in the closing months in 1914. At the Exchange in Batavia, which had partly reopened in April 1915 and had become fully operational again in November of the same year, prices had soon recovered.

Keywords: Batavia; Holland; Netherlands Indies

10.1163/9789004260474_017
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