Dutch East India Company

Also found in: Acronyms, Wikipedia.

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.
..... Click the link for more information.

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.


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.


References in periodicals archive ?
In his study The Dutch East India Company, Femme Gaastra underscored:
The other two were the first giant multinational corporations, the Dutch East India Company and the English East India Company.
The Dutch East India Company (VOC) faced a fundamental problem in its first few years of the East Asian trade: the company had no reliable access to Chinese luxury goods with which to exchange for Japan's abundant precious metals.
1) From 1639 to the 1850s, employees of the Dutch East India Company were the only Westerners allowed to enter Japan.
He also established a joint-stock company with the name Company Of The West on the lines of Dutch East India Company with the difference that the latter carried out genuine trade operations while the business of Law's company ever remained shrouded in mystery.
The Netherlands, prime jurists in this field, have successfully argued legally that the modern Dutch state, which only dates from 1815, is the lawful successor, inter alia, of the Dutch East India Company, which was dissolved in 1802 by Napoleon, thereby entitling it to sovereign rights over any wreck and its contents of any Dutch East Indiaman, such as the Amsterdam, which is found; by so doing, they have reaped, and are reaping, a rich reward.
Ifa Kamau Cush does not agree with its contents and argues that had Gates engaged in a historiographical analysis of his chosen topic, slavery, he would have been compelled to examine the role of the British Royal African Company, the Dutch East India Company, the Dutch West India Company, the Joint Stock Trading Company, the Danish Guinea Company, the Swedish Africa Company, the French Senegal Company, etc.
Jacob, the hero of the novel, is a slightly repressed young clerk who arrives to work for the Dutch East India Company, only to discover Dejima is rotten with corruption.
Hudson, an English explorer under contract with the Dutch East India Company to find a quicker trading route to the Near East, set sail with a crew of Dutch and English sailors in hopes of finding that path.
As many ambitious Dutch of her century, Van Varick and her kin were of the mercantile class; her uncle was a high-level merchant with the Dutch East India Company.
The nation had embarked on a lucrative venture in South East Asia, founding the Dutch East India Company to set up trading posts in the Spice Islands.
The exhibition will dwell on OmanEoe1/4aos role as a seafaring nation and its central location on international trade routes, such as that of the Dutch East India Company.