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Economic decline of Spain in the second half of the XVI century coincided with an eminence of Holland which as the independent state was born as a result of the Netherlands bourgeois revolution. To the middle of the XVI century development of capitalism in the Netherlands moved ahead far.

Approximately from X century the Netherlands represented the union of several provinces the largest of which was Holland. Feature of economic development of the Netherlands consisted that in provinces there was no landowner economy, and since XIV-XV centuries the agriculture starts coming under deep influence of the cities. In the XVI century in the Netherlands areas of trade agriculture start appearing. The Netherlands began to specialize on production of livestock products.

Industrial revolution in England leaned not only on economic resources of colonial possession. For English capitalism of the XVII century also trade operation of the agrarian periphery was characteristic. High-quality English cloth had no competition in the European market. It cost rather much, but was willingly bought by representatives of rich estates in many countries of the continent.

Work is divided into two parts. In the first part of work the prerequisites which developed in the XV-XVII centuries in Holland and England for accumulation of the initial capital are considered. In the same part it is offered to consider sources of accumulation of the initial capital in the above-named countries. In the second part of work the role of colonial expansion of Holland and England in the given chronological period is estimated.