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
Provinces of Belgium and Luxembourg, as well as parts of modern Germany and France, comprised a number of rival and independent feudal states of varying sizes. These each had their own identities and governments, though in the early modern period almost all the Belgian states became part of larger entities (the Seventeen Provinces (1549-1581) and the Southern Netherlands (after 1581)). Prominent early states in the area of modern Belgium included the Duchy of Brabant, the County of Flanders, the Prince-Bishopric of Liège and the Duchy of Luxembourg; smaller ones included the County of Hainaut, the Duchy of Limburg and the County of Namur,