History of the Netherlands The post-war years saw rapid economic recovery (helped by the American Marshall Plan), followed by the introduction of a welfare state during an era of peace and prosperity. The Netherlands formed a new economic alliance with Belgium and Luxembourg, the Benelux, and all three became founding members of the European Union and NATO. In recent decades, the Dutch economy has been closely linked to that of Germany, and is highly prosperous. The four countries adopted the Euro on 1 January 2002, along with eight other EU member states. The prehistory of the area that is now the Netherlands was largely
Habsburg Netherlands on. In 1581, the Seven United Provinces seceded to form the Dutch Republic; the remaining Spanish Southern Netherlands eventually passed on to Habsburg Austria. Finally, the Austrian Netherlands were annexed by the French First Republic in 1795, becoming the French client state of the Batavian Republic. The Habsburg Netherlands was a geo-political entity covering the whole of the Low Countries (i.e. the present-day Netherlands, Belgium, Luxembourg, and French Nord-Pas-de-Calais) from 1482 to 1581. Already under the rule of the Burgundian duke Philip the Good (1419–1467), the provinces of the Netherlands began to grow together: Flanders, Artois and Mechelen, Namur, Holland,