over the banking of Bruges. The Bourse opened in 1309 (most likely the first stock exchange in the world) and developed into the most sophisticated money market of the Low Countries in the 14th century. By the time Venetian galleys first appeared, in 1314, they were latecomers.
Such wealth gave rise to social upheavals, which were for the most part harshly contained. In 1302, however, after the Bruges Matins (the nocturnal massacre of the French garrison in Bruges by the members of the local Flemish militia on 18 May 1302), the population joined forces with the Count of Flanders against the French, culminating in the victory at the Battle of the Golden Spurs, fought near Kortrijk on July 11. The statue of Jan Breydel and Pieter de Coninck, the leaders of the uprising, can still be seen on the Big Market square.
At the end of the 14th century, Bruges became one of the Four Members, along with Franc of Bruges, Ghent and Ypres. Together they formed a parliament, however they frequently quarrelled amongst themselves.
In the 15th century, Philip the Good, duke of Burgundy, set up court in Bruges, as well as Brussels and Lille, attracting a number of artists, bankers, and other prominent personalities from all over Europe. The weavers and spinners of Bruges were thought to be the best in the world, and the population of Bruges grew to 200,000 inhabitants at this time.
The new Flemish-school, oil-painting techniques gained world renown. The first book in English ever printed was published in Bruges by William Caxton. This is also the time when Edward IV and Richard III of England spent time in exile here.
16th century onwards
Starting around 1500, the Zwin channel, which had given the city its prosperity, also started silting. The city soon fell behind Antwerp as the economic flagship of the Low Countries. During the 17th century, the lace industry took off, and various efforts to bring back the glorious past were made
