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The British, Spanish, and French Empires were all dual empiresin that they featured both colonial and trading components. The Portuguese and Dutch Empires, on the other hand, were limited mainly to trading. This explains how these two countries (which, given their small populationslacked great armies) managed to amass mighty global empires. By allowing private companies and investors to seek their own fortunes, economic growth was propelled by private ambition (rather than depending entirely on state planning). Moreover, economic freedom allowed the Dutch financial system to become the most advanced in the world, most crucially in the fields of investment and insurance.