As a means of recording the passage of time, the 17th Century was that century which lasted from 1601-1700. During this period, the power of England and the United Provinces increased; while that of Spain and Portugal declined.
The Dutch republic known as the United Provinces became the dominant economic and political power in Europe. It also underwent crashes, e.g. the windhandel in tulips led to many bankruptcies in 1637.
Antwerp merchants established the Dutch East India Company in 1602, embarking on colonial expansion based on shareholdership rather than royal control.