The Swiss were actively involved in those very wars in Italy as mercenaries, and that's also where their neutrality originates.
At the same time and throughout the Early Modern period, Switzerland was rife withe religious zealotry going awry. It remained an impoverished agrarian country up until the 20th c.
Until the mid 19th century rather. By 1900 it was already the second richest country per capita in Europe (only behind UK and only Belgium was slightly ahead as well throughout most of the 19th century). Then again almost all European countries could had been described as impoverished and agrarian back then…
