Summary of Capitalism and the Dutch East India Company: Crash Course World History 229

00:00:00 - 00:15:00

The Dutch East India Company (VOC) was created in 1601 in order to monopolize the East Indies trade. The company was successful for many years, but ultimately went bankrupt in the early 1800s. The VOC's success was due in part to its use of force and its reliance on government support.

• 00:00:00 The Dutch East India Company was created in 1601 to monopolize the East Indies trade. The company was run by a seventeen-member board called the Heeren XVII, and directors supposedly had control over a company that was chartered with the power to hire its own people, wage war, and control the prices of spices. The company became successful and began to raise prices, leading to protests and the creation of the VOC.
• 00:05:00 The Dutch East India Company was a successful business entity that used its long-term business thinking to invest in things like an army and navy, and lower risk investments like maritime insurance. However, its success came to an end in the early 1800s when the Dutch economy crashed.
• 00:10:00 The Dutch East India Company (VOC) was a monopoly that became successful because of its use of force and its reliance on government support. After its monopoly was broken by the British, the company went bankrupt.
• 00:15:00 This video explains how the Dutch East India Company (VOC) contributed to the crash of the Dutch economy in the 1600s.