Dutch+East+India+Company+(2016)

Declan Vick Dutch East India Company (2016) The Dutch East India Company, or Vereenigde Oostindische Compagnie in Dutch, was a trade corporation founded by the Dutch in 1602 to help defend their trade in the Indian Ocean. It was founded in the Netherlands and was present around Dutch colonies all around the world. The company lasted for over 100 years, and was dissolved in 1799.

 The Dutch East India Company was responsible for several of the Dutch colonization efforts. The company first started by controlling the trade from the Cape of Good Hope in South Africa, which they colonized, to the Straits of Magellan in southern South America. In the early 1600s they settled Jacatra Batavia (now Jakarta) on Java, which was used as a base to help conquer the rest of the island and other parts of the Indonesian archipelago. They built forts and recruited armed forces in the areas under their control, and prospered for most of the rest of the century. However, by the end of the 1600s they declined as an influential trading and naval power because of their increased investment in Java. They remained in decline, and by the mid-1700s, their trading enterprise was virtually non-existent. Instead they were more focused upon business ventures in Java. By the late 1700s the company was very corrupt and in extreme debt. In 1799 the Dutch government repealed the company’s charter and it was dissolved.

 The Dutch East India Company left impacts around the world. They colonized around the world in places like Indonesia and South Africa, leaving positive impacts on those nations’ economy that still last today. The Vereenigde Oostindische Compagnie, founded by the Dutch in 1602, helped advance economies of several nations, and left a European imprint on the places it colonized.