Dutch East India Company


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Dutch East India Company:

see East India Company, DutchEast India Company, Dutch,
1602–1798, chartered by the States-General of the Netherlands to expand trade and assure close relations between the government and its colonial enterprises in Asia.
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East India Company, Dutch,

1602–1798, chartered by the States-General of the Netherlands to expand trade and assure close relations between the government and its colonial enterprises in Asia. The company was granted a monopoly on Dutch trade E of the Cape of Good Hope and W of the Strait of Magellan. From its headquarters at Batavia (founded 1619) the company subdued local rulers, drove the British and Portuguese from Indonesia, Malaya, and Ceylon (Sri Lanka), and arrogated to itself the fabulous trade of the Spice Islands. A colony, established (1652) in South Africa at the Cape of Good Hope, remained Dutch until conquered by Great Britain in 1814. The company was dissolved when it became scandalously corrupt and nearly insolvent in the late 18th cent., and its possessions became part of the Dutch colonial empire in East Asia.

Bibliography

See A. Hyma, The Dutch in the Far East (1942, repr. 1953); study by B. Gardner (1972).

East India Company, Dutch

 

(the United East India Company), a monopolistic trading company founded in 1602 and dissolved in 1798. It was established by the merger of several competing companies.

The wealthiest Dutch merchants were shareholders in the United East India Company, which was headed by 17 directors, including eight from Amsterdam. The company was the Dutch bourgeoisie’s chief weapon in creating the Netherlands colonial empire, which was established by means of force, extortion, and seizure of territory. From the Cape of Good Hope to the Straits of Magellan the company had a monopoly on trade and navigation, on shipping cargoes to the mother country without paying customs, on establishing trading posts and fortresses, on recruiting and maintaining an army and a fleet, on conducting court proceedings, and on concluding international treaties. In 1609 the company’s administration was established. From 1619 the company had a permanent headquarters in Batavia on the island of Java. The city became the capital of Dutch colonial possessions in Southeast Asia.

Using its commercial and military might, the United East India Company expelled the Portuguese from the Moluccas and established trading posts in many places, including the coasts of India and Ceylon. The company exterminated the local population, put down revolts by the natives, and piratically destroyed new crops of spices in order to maintain high, monopolistic prices on colonial goods. By means of these policies the company secured the payment of enormous dividends (an average of 18 percent, and in some years, even more) to its shareholders in the mid-17th century, the period when the company flourished.

The United East India Company had considerable influence over the Dutch Republic’s policies and the machinery of state. The company’s power began to decline at the end of the 17th century and the beginning of the 18th, a time marked by the general economic decline of the Dutch Republic as well as by competition from the British East India Company and other trading companies. In 1798 the United East India Company was dissolved, and all of its property and assets were taken over by the state. The company’s privileges expired on Dec. 31, 1799.

A. N. CHISTOZVONOV

References in periodicals archive ?
It is to be noticed that all this extent of country falls within the line of demarcation of the Dutch East India Company, if we are to believe their maps, and that this motive of interest has perhaps made them give a false position to New Zealand, lest it should fall within the line of demarcation of the Dutch West India Company: for these two companies are as jealous of each other, as they are of other nations of Europe.
very infidels of the Dutch East India company against whom he had gone to war only a few years before.
Based in Amsterdam, this pioneering stock exchange began trading shares of the Dutch East India Company.
This may be explained by the central position of the Cape on the European route to Asia, and its occupation by the Dutch East India company (Vereenigde Oostindische Compagnie, or voc).
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Otsego County was the center of hops growing in America between 1835 and 1880, and the Belgic connection dates from 1614, when a navigator named Kleynties on Henry Hudson's Dutch East India Company expedition mapped Otsego Lake and the Susquehanna River for the first time.
Previously the world's first multi-national corporation, The Dutch East India Company is a Delaware S-Corporation, located in Cherry Hill, NJ, that will invest in a variety of seed capital ventures.
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After a shortened university education, Willman enlisted in the Dutch East India Company as a soldier bound for Batavia (now Jakarta), headquarters of the Dutch trading empire in Asia, in order to see the world beyond Europe.
This one's got a bit of history to it, in that it was built by Willem Adriaan van der Stel, governor of the Cape, on behalf of the Dutch East India Company from 1699, who took over the job from his dad, Simon, the founder of Stellenbosch (or Stel's bush) - my adopted home.