7.4 Halve Maen 's exploratory voyage and role in the formation of New Netherland.7.3 Contributions in the Age of Exploration.7.1 As information and knowledge exchange network.5 Main trading posts, settlements, and colonies.4 Shareholder activism and governance issues.In the 20th century, these islands would form the Republic of Indonesia. The former territories owned by the VOC went on to become the Dutch East Indies and were expanded over the course of the 19th century to include the entirety of the Indonesian archipelago. Its possessions and debt were taken over by the government of the Dutch Batavian Republic. Weighed down by smuggling, corruption and growing administrative costs in the late 18th century, the company went bankrupt and was formally dissolved in 1799. It remained an important trading concern and paid an 18% annual dividend for almost 200 years. Over the next two centuries the company acquired additional ports as trading bases and safeguarded their interests by taking over surrounding territory. Having been set up in 1602 to profit from the Malukan spice trade, the VOC established a capital in the port city of Jayakarta in 1609 and changed the city name into Batavia (now Jakarta). The VOC enjoyed huge profits from its spice monopoly through most of the 17th century. By contrast, the rest of Europe combined sent only 882,412 people from 1500 to 1795, and the fleet of the English (later British) East India Company, the VOC's nearest competitor, was a distant second to its total traffic with 2,690 ships and a mere one-fifth the tonnage of goods carried by the VOC. Between 16 the VOC sent almost a million Europeans to work in the Asia trade on 4,785 ships, and netted for their efforts more than 2.5 million tons of Asian trade goods. Statistically, the VOC eclipsed all of its rivals in the Asia trade. They are also known for their international slave trade. It was a powerful company, possessing quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, strike its own coins, and establish colonies. It is sometimes considered to have been the first multinational corporation. Shares in the company could be bought by any resident of the United Provinces and then subsequently bought and sold in open-air secondary markets (one of which became the Amsterdam Stock Exchange). The United East India Company ( Dutch: Verenigde Oostindische Compagnie, the VOC) was a chartered company established on the 20th March 1602 by the States General of the Netherlands amalgamating existing companies into the first joint-stock company in the world, granting it a 21-year monopoly to carry out trade activities in Asia. Replica of the VOC ship Duyfken under sail
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
May 2023
Categories |