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Especially in my country, Indonesia 🙂 even untill now we still have to suffer the consequences of 350 years occupation (like how our diet different because of genetic trauma)
@@nathasyapramudita6312. A different diet because of genetic trauma? What are you yapping about ma’am, you got some source? Clearly the Dutch education system didn’t get transferred over to Indonesia.🤣
It's wild how the VOC paved the way for modern businesses. Shareholders, corporate governance-it's all stuff we take for granted now, but back then, it was revolutionary.
@@WalkerLarson497 yes indeed , that is why I made the comment - I wanted to watch a well researched video on a topic I am researching for a writing piece. It is not just your video but almost all of them in the sector. The production is nice. If I were you I would research and redo it.
@@SI-qp7cm so you’re talking about the inaccuracies within the video but yet don’t point them out nor provide corrections? Constructive criticism through the door or what lol
@@nickstiltson1180 What is point? Do you think people will take it on board. In my experience they tend to argue - usually from ignorance. It is not up to me to correct a video - this is You tube.
All because the Ottomans took Constatinople and killed our trade network and raised the prices of spices to such heights it was cheaper to man a boat a get it yourself. We were the first nation to break away from the Spanish Empire centuries before Bolivar.
@@SusCalvin ? What does this have to do with anything? The Dutch didnt even have any routes to the new world, its the decline of the spice trade and the rise of cotton and sugar in the new world that destroys Dutch power and gives way to British Imperialism.
This is the first time in like, a decade that I look at UA-cam comments, and oh boy, it's just spam bots and a couple of real people. What the hell is happening?
@@HowHistoryWorks Yep. Just last week, a small Ytber I watched play videogames had "Worst financial mistake I made" as his videos title(he lost everything and has to replace his whole base due to a bet). He usually gets like 30 comments a video. This one got 1.5k. All spam bots swearing they know the guy you can trust with your money. 🤣 The Content creator had to take down the video and reupload it with a different title. 😔
@gtbkts love those bots, most I have seen were 5 accounts swearing some gal from Malta was the best at investing your money in crypto. Small world when you find other people using the same investor as you on some random yt video
I know the English like to pretend they were of huge importance in the 17th century, but the founding of the VOC was all about the 80-year for independence with Spain and Portugal. The English were just in the way sometimes later on but they were not out to destroy the Dutch Republic and it's religious freedom like the Spanish and Portuguese, nor could they rival the Dutch in trade. The VOC soon saw more opportunity than initially anticipated and didn't want to pay dividends but reinvest the profits in growth. That's why the stock market had to be founded so the poor shareholders could get ROI through selling their shares to rich merchants out to build generational wealth. The VOC didn't pay dividends for the first 31 years of it's existence. And what is with this 7.9 billion? Why are you regurgitating a bogus calculation by an obscure Canadian media company? The VOC didn't dominate global trade, it only had a Dutch monopoly East of the Cape and did most of it's trade within Asia, and a lot more than spices. The European trade was dominated by the independent Dutch merchants with 100 times more ships than the VOC, trading much more frequently. Even the good old herring fishery of the Dutch remained more profitable than peak VOC.
Right points. Also, it is shocking that there is no accounting of their brutal behaviour in the dominated lands. All, really all, was considered acceptable if it would provide profits and commercial advantages.
@@JM-bd2hw what are you talking about you act like this is something unique to the VOC. This was how everybody operated. Literally every culture on planet Earth is guilty of exactly the kind of behavior so appalled the VOC did? That is just insane get over yourself
If a shareholder is very active, e.g. Carl Icahn or Warren Buffet, then there certainly is the possibility of shareholders steering the ship. Otherwise, as in the case of most retail investors, the shares never vote, and the suits control everything.
The British East India Company was even more crazy. For about 20 years they were in control of THE largest army on Earth. That only changed during Napoleon's invasion of Russia and the subsequent 6th Coalition War. Britain let a private company conquer India bit by bit using native Indians to make up the numbers. At their peak about half of Parliament owned stock in the BEIC, and when one governor-general returned home to face corruption charges his defense amounted to "gentlemen, if you saw the treasures that I left behind, you would be amazed at my modesty."
The East India Company monopolized the cotton muslin trade by cutting off the hands of those who knew how to weave it - trillions were stolen from India - from the richest country on earth India was made poor and the British Museum filled with plunder
@@rob832being 4th most populated country maybe ring a bell? That's kind of big thing worth remembered. Especially if US still having their rainbow agenda, Indonesia will be 3rd most populated country in no time.
@@johnseng9636 yeah good point, but european countries being more recognizeable, even though they're not even top 5. i believe there's more than just number, hell even island Bali more recognizeable than Indonesia
Surely Indonesian suffering at hands of the greedy Dutch deserved a mention, but totally ignored even though it is their wealth that was stolen that made this company what it was
Without knowing exactly what you have difficulty in understanding, I can only guess that it has to do with the entrepreneurial, economic and financial aspects of this company's operation. Maybe the best way is to first familiarize yourself with basic corporate law, basic business formation and governance and basic tax and financial practices in business. Also, knowledge of European history will help a lot.
A detail with these East India companies is that the crown could be among the investors. The line between government and the personal wealth of the sovereign is stranger.
Im an investor believe me you wont know how many times shareholders have been pissed and it influenced corporate policy. Plus not only worh voting. We also can legally get together and sue them. And then theyd agree with us. Or we will just all sell the shares. Once that happens they beg. Lol usaully how it is in the markets.
the VOC was founded mostly by protestants fleeing from Antwerp (brabant/now Belgium), both the capital and the knowhow, Isaac Lemaire was even a FRENCH speaker from Hainaut! ... a fact the Dutch (hollanders mostly ;) ) don't like to mention ;) besides, catholic merchants from Antwerp founded the Ostend company in 1717 and that one outcompeted the VOC in the 1717-1731 period!
@@zachpinkston4233I think they wanted to know if it will happen in there lifetime. Sorry rich get richer poor get poorer where heading down in the cycle sorry
Given that it is happening now, I think it would be an interesting video. For example America with WW2, Britain and the Netherlands after colonization, etc.
love the video map at 146 has kolkata in modern day Laos (?) regardless it is ion the west coast of india closer to colombo than dushanbe. Regardless, really appreciate the high quality video!
Thank you for the video. I really appraciate it. Just info. this is the company that used to rule my country with all its divisive political machinations, stealing viciously. Bringing the wealth of my country to Europe... 😢
Its biblical. Like David Elisabeth and James (Dutch:Jacob) Not very common now, but back then they were more religious. Not many jews in the VOC they were Calvinist protestant.
First time watcher! And going to keep watching, love learning. I know it was a small thing compared to Al the other info BUT, .50 a day?! Ouch! I know it was different times but, STILL!
Just a suggestion, anytime you have no idea how to pronounce something, just overlay Google Translate or something so we can get an idea. Personally I would find that interesting
Personally, I don't think investors have as much power as big executives say. Since most investors with exception of a few ultra rich shareholders, votes don't really count. Instead most shareholders are the big executives and just use that voting power to line their own pockets and justify their decisions
If a man swims in the ocean, who is God? Who guides the hand that signs the deal? The set cannot be considered irreverent of its complement. Symbiotic relationships are intrinsic to form and function.
Everyone did unquestionable moral things back then. Judging history through today’s moral lens will only make you hate all of your ancestors accomplishments, and everyone else’s actions, leading you to just be a neurotic miserable sounding person.
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
I've been investing in Bitcoin by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?
When he says "vitoo" what he means is "vital." "Govornurrr" is supposed to be "governor." I don't think he can help it. But a highyurkee is a new one. Heirarchy. hire are key.
Everyone did unquestionable moral things back then. Judging history through today’s moral lens will only make you hate all of your ancestors accomplishments, and everyone else’s actions, leading you to just be a neurotic miserable sounding person.
To try everything Brilliant has to offer for free for a full 30 days, visit www.brilliant.org/howhistoryworks. You’ll also get 20% off an annual premium subscription.
The impact of the Dutch East India company is really insane, it's probably been more impactful than most countries
Especially in my country, Indonesia 🙂 even untill now we still have to suffer the consequences of 350 years occupation (like how our diet different because of genetic trauma)
@@nathasyapramudita6312 lol same like SA
We Dutch suffer to this day also, hearing about made up things like genetic trauma. From what? Seeing people in clogs?
@@nathasyapramudita6312that’s crazy because the company essentially began because of Islamic imperialism. Strange how the world works out
@@nathasyapramudita6312. A different diet because of genetic trauma? What are you yapping about ma’am, you got some source?
Clearly the Dutch education system didn’t get transferred over to Indonesia.🤣
It's wild how the VOC paved the way for modern businesses. Shareholders, corporate governance-it's all stuff we take for granted now, but back then, it was revolutionary.
Who told you this nonsense. Not sure why but the vids on this topic are very poorly researched.
@@SI-qp7cmdid you watch the video?
@@WalkerLarson497 yes indeed , that is why I made the comment - I wanted to watch a well researched video on a topic I am researching for a writing piece. It is not just your video but almost all of them in the sector. The production is nice. If I were you I would research and redo it.
@@SI-qp7cm so you’re talking about the inaccuracies within the video but yet don’t point them out nor provide corrections?
Constructive criticism through the door or what lol
@@nickstiltson1180 What is point? Do you think people will take it on board. In my experience they tend to argue - usually from ignorance. It is not up to me to correct a video - this is You tube.
"Dutch Spice & Genocide" - I almost choked on my lunch!
Cringe
Oh my goodness, that's terrible! I hope you have recovered from that. Be careful, that's a terrifying thing!
@@TheApacheTrail Exactly what I thought lol.
@@TheApacheTrail like anyone else was doing anything any differently. This isnt real history
Wtf 2 days ago. Im playing The Netherlands on EU4 this week and obviously I've been recreating the VOC, so I wanted to learn more. How serendipitous.
A spoon full of sugar helps the medicine go down!
That algorithm hits just right most days…
Ongezellig fan I see... a bro of culture
All because the Ottomans took Constatinople and killed our trade network and raised the prices of spices to such heights it was cheaper to man a boat a get it yourself. We were the first nation to break away from the Spanish Empire centuries before Bolivar.
I think a lot of people were gunning for the Spanish Empire at the time. The New World was funding it.
@@SusCalvin ? What does this have to do with anything? The Dutch didnt even have any routes to the new world, its the decline of the spice trade and the rise of cotton and sugar in the new world that destroys Dutch power and gives way to British Imperialism.
you say "we" like you were there 😂
@@winter20k67 Vapid, unoriginal comment by a vapid, unoriginal child..
"We"? Who are we here
This is the first time in like, a decade that I look at UA-cam comments, and oh boy, it's just spam bots and a couple of real people. What the hell is happening?
Unfortunately this is UA-cam these days, we try to delete them as they pop up but it's an endless game of whack a mole.
@@HowHistoryWorks Yep. Just last week, a small Ytber I watched play videogames had "Worst financial mistake I made" as his videos title(he lost everything and has to replace his whole base due to a bet). He usually gets like 30 comments a video. This one got 1.5k. All spam bots swearing they know the guy you can trust with your money. 🤣 The Content creator had to take down the video and reupload it with a different title. 😔
@@HowHistoryWorks Allow me to use horrible words against bots
@@HowHistoryWorks you must be doing a REALLY great job at deleting them -im hardly able to locate a handful!
@gtbkts love those bots, most I have seen were 5 accounts swearing some gal from Malta was the best at investing your money in crypto. Small world when you find other people using the same investor as you on some random yt video
Takeaway: having >22 children is a great diversification strategy ✍🏻
1:18 that hurts, but at least you tried ! 👌
I know the English like to pretend they were of huge importance in the 17th century, but the founding of the VOC was all about the 80-year for independence with Spain and Portugal. The English were just in the way sometimes later on but they were not out to destroy the Dutch Republic and it's religious freedom like the Spanish and Portuguese, nor could they rival the Dutch in trade.
The VOC soon saw more opportunity than initially anticipated and didn't want to pay dividends but reinvest the profits in growth. That's why the stock market had to be founded so the poor shareholders could get ROI through selling their shares to rich merchants out to build generational wealth. The VOC didn't pay dividends for the first 31 years of it's existence.
And what is with this 7.9 billion? Why are you regurgitating a bogus calculation by an obscure Canadian media company? The VOC didn't dominate global trade, it only had a Dutch monopoly East of the Cape and did most of it's trade within Asia, and a lot more than spices. The European trade was dominated by the independent Dutch merchants with 100 times more ships than the VOC, trading much more frequently. Even the good old herring fishery of the Dutch remained more profitable than peak VOC.
Right points. Also, it is shocking that there is no accounting of their brutal behaviour in the dominated lands. All, really all, was considered acceptable if it would provide profits and commercial advantages.
@@JM-bd2hw what are you talking about you act like this is something unique to the VOC. This was how everybody operated. Literally every culture on planet Earth is guilty of exactly the kind of behavior so appalled the VOC did? That is just insane get over yourself
I now prefer this channel than your main, like the smoother pace and the depth in explanations
If a shareholder is very active, e.g. Carl Icahn or Warren Buffet, then there certainly is the possibility of shareholders steering the ship. Otherwise, as in the case of most retail investors, the shares never vote, and the suits control everything.
Thanks for the great video and all of the awesome content!!
The British East India Company was even more crazy. For about 20 years they were in control of THE largest army on Earth. That only changed during Napoleon's invasion of Russia and the subsequent 6th Coalition War. Britain let a private company conquer India bit by bit using native Indians to make up the numbers. At their peak about half of Parliament owned stock in the BEIC, and when one governor-general returned home to face corruption charges his defense amounted to "gentlemen, if you saw the treasures that I left behind, you would be amazed at my modesty."
The VOC was and still is the 1st , biggest and richest Multinational EVER. 8 times Bigger than Apple nowadays . The BEIC was nowhere near the VOC.
@AlertConsument-py6te got data to back up our claims?
Im still not convinced VoC was more richer than EiC
The East India Company monopolized the cotton muslin trade by cutting off the hands of those who knew how to weave it - trillions were stolen from India - from the richest country on earth India was made poor and the British Museum filled with plunder
@@AlertConsument-py6te That isn't true though stop spreading misinformation
@@jj-sd8sw Just stating facts, and NOT from those BS anglo fairy tale history books. LMfAO
Charts and routes are treated as state secrets. A place might not be universally known for a while just because the french found it.
We staan er weer goed op jongens
All these explanations about VOC and not a single mention of Indonesia, which they plundered for more than a century.
Because the video is about the formation and innovative ideas founding the company, not it's specific practices
No doubt, like who's even heard of Indonesia? In North America where I'm at, no one. Nor care. Just send the Sriracha sauce and pipe down.
@@rob832being 4th most populated country maybe ring a bell? That's kind of big thing worth remembered.
Especially if US still having their rainbow agenda, Indonesia will be 3rd most populated country in no time.
@@farid-frederick not really bro unless you top 3 we dont give a shit
@@johnseng9636 yeah good point, but european countries being more recognizeable, even though they're not even top 5. i believe there's more than just number, hell even island Bali more recognizeable than Indonesia
Great content as always!
Surely Indonesian suffering at hands of the greedy Dutch deserved a mention, but totally ignored even though it is their wealth that was stolen that made this company what it was
Get used to this the more people rely on AI
🤡
And you've mentioned it, and we've forgotten already . Next?
Like the Sultans didnt exploit their own people? Get real clown its because the Dutch settled there that you even have rights to begin with.
Who cares? Read about it on Wikipedia
Could you do a video on how the Hanseatic League would have influenced and differed in structure and operations from the VOC and EIC?
So this is a video just reading the wikipedia page? okay.
With the Google image results
Nice!
dood like 95% of the adult population doesn't read books what do you expect
@@Person0fColor but Wikipedia isn’t a book… it’s a website 😭
Stay off the internet please
He says every sentence with the same inflections
Even questions
Aaaah
High ~~> low ~~~>middle
That's modern tech/info tube accent
@@ChintamaniHelekar It has a name? haha
It literally just renamed itself as Washington DC
I wish I could understand all of this. It's beautiful, but so difficult to grasp.
Without knowing exactly what you have difficulty in understanding, I can only guess that it has to do with the entrepreneurial, economic and financial aspects of this company's operation. Maybe the best way is to first familiarize yourself with basic corporate law, basic business formation and governance and basic tax and financial practices in business. Also, knowledge of European history will help a lot.
A detail with these East India companies is that the crown could be among the investors. The line between government and the personal wealth of the sovereign is stranger.
Im an investor believe me you wont know how many times shareholders have been pissed and it influenced corporate policy. Plus not only worh voting. We also can legally get together and sue them. And then theyd agree with us. Or we will just all sell the shares. Once that happens they beg. Lol usaully how it is in the markets.
So smart but can't punctuate a sentence. Inferior level of education.
the VOC was founded mostly by protestants fleeing from Antwerp (brabant/now Belgium), both the capital and the knowhow, Isaac Lemaire was even a FRENCH speaker from Hainaut! ... a fact the Dutch (hollanders mostly ;) ) don't like to mention ;) besides, catholic merchants from Antwerp founded the Ostend company in 1717 and that one outcompeted the VOC in the 1717-1731 period!
Can you do a video about how periods of extreme income inequality ended over time?
Well, wouldn’t really say they ever ended lol. Not to mention we’re in one right now 🥲
@@zachpinkston4233I think they wanted to know if it will happen in there lifetime. Sorry rich get richer poor get poorer where heading down in the cycle sorry
@@nicholaskeenan898 A cycle where most of the people on Earth are getting richer, not poorer. I like that.
Given that it is happening now, I think it would be an interesting video. For example America with WW2, Britain and the Netherlands after colonization, etc.
love the video map at 146 has kolkata in modern day Laos (?) regardless it is ion the west coast of india closer to colombo than dushanbe. Regardless, really appreciate the high quality video!
Not mad at your Dutch pronunciation, but the town is called "HOORN", not "HOORM" (on the map around 9:10).
Apart from that: great video!
Thank you for the video. I really appraciate it. Just info. this is the company that used to rule my country with all its divisive political machinations, stealing viciously. Bringing the wealth of my country to Europe... 😢
Nice
Is Isaac a typical Dutch name?
Oy vey
Its biblical. Like David Elisabeth and James (Dutch:Jacob) Not very common now, but back then they were more religious. Not many jews in the VOC they were Calvinist protestant.
First time watcher! And going to keep watching, love learning. I know it was a small thing compared to Al the other info BUT, .50 a day?! Ouch! I know it was different times but, STILL!
In a hypothetical environment - Consumers
In the one we are plagued to live - Companies
Just a suggestion, anytime you have no idea how to pronounce something, just overlay Google Translate or something so we can get an idea. Personally I would find that interesting
yeah "who" owned it. it's a mystery.
No documentry about Jan pieterszoon coen😢
"20% off your membership" is nonsense: they set how much they charge you.
This bunch choose to jack their rates up 25% after the first year.
So it was a SOE. State owned enterprises
The line between government, the personal wealth of the sovereign and private business gets strange. The sovereign can sit in many different roles.
@@SusCalvinthat company still exists just rebranded into us/uk
@@Tay04723 The VOC is not a British enterprise.
@@SusCalvin It belongs to the cr*wn and no one else. You should research who created Britain it belongs to them
Formosa was once their cake for 39 years!
Shoutout to the Cyberpunk fans.
Personally, I don't think investors have as much power as big executives say. Since most investors with exception of a few ultra rich shareholders, votes don't really count. Instead most shareholders are the big executives and just use that voting power to line their own pockets and justify their decisions
Ancient Romans also had corporations but not like this.
Lemme guess. The success of the IPO lead to the tulip bubble.
Hurdy gurdy Netherlands.
Says the american
@@rainofyuzunice pfp
@@vonbaphomet thanks fellow japsterdamer
Men: "Not all men are the same"
Also men: 12:28
"The original name was..."
Me: gesundheit
They also lost ground in Taiwan and south east Asia due to disagreements and conflicts with Chinese war lords which they lost battles against
wow, absolutely nothing talked about India in the dutch east INDIA company
The spice islands is not in india but in indonesia,
no one noticed in history , that what would be wealth in asia to get so much wealth from there
Consumers and employees have far more power.
Winifred Circles
Sold a PS5 when rent was due.😂
Adam Turnpike
Denesik Parkways
No such thing as generational wealth with fake currency
And where did all that wealth get disturbed? Let's follow that rabbit hole
The ❓ that happen most investor dutch east india company. ho made out in time
Josefa Roads
Welp duh which Mitsi Studio made video about VOC.
BTW please make video(s) about mercenaries then PMCs in the future?
Can you please change the way you read, why do all the UA-camrs read like this?
Not India but Indies.
Talk to Columbus.
Isaac, hmm...
Good try on the pronunciation! It sounded anything but dutch😆
lol their attire resembles clown outfits, thats very curious
The early modern period is cool like that.
hahaha -- Dutch East India --- DEI ... lol
22 kids?! Musk have better (go and) get busy!
Lol that's a lot of stuff we have to ignore
mega corporations
✡️s
Dude didn't even try to Google the pronunciation of vereenigde 😂😂
If a man swims in the ocean, who is God? Who guides the hand that signs the deal? The set cannot be considered irreverent of its complement. Symbiotic relationships are intrinsic to form and function.
What does this mean lol
Everyone did unquestionable moral things back then. Judging history through today’s moral lens will only make you hate all of your ancestors accomplishments, and everyone else’s actions, leading you to just be a neurotic miserable sounding person.
Exactly, one should judge but the standards of their era... and the VOC was brutal even by those standards.
It wast dutch, really. Just jews
Whole lotta Jews involved…….. 😂😂😂😂😂
This is a poor attempt. Really poor, misleading as well.
Elaborate. Or are you just another stupid keyboard warrior.
How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
Stephanie Aaron Trentham
This is correct, Stephanie strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Yes, I agree with you. Her platform is wonderful, and her strategies are exceptional
Your videos are excelent, yet your narration is awfull. You talkk like you ar barking, is tiresome and hard to follow just after a few minutes
I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance❤
How please...
I've been investing in Bitcoin by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?
I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance
She's my family personal Broker and also a Broker to many families here in the United states, she is a licensed Broker.
Alright thanks for the recommendation but how do I reach her?
Downvoted for being a leftist who whines about genocide.
Please tell me more about the ongoing white genocide. I am sure that you have many opinions about that bogus nonsense.
Terrible reporting.
When he says "vitoo" what he means is "vital."
"Govornurrr" is supposed to be "governor." I don't think he can help it.
But a highyurkee is a new one. Heirarchy. hire are key.
Can you please change the way you read, why do all the UA-camrs read like this?
The delivery is a mix of radio announcer school script puking and Swabian/German singsong
Everyone did unquestionable moral things back then. Judging history through today’s moral lens will only make you hate all of your ancestors accomplishments, and everyone else’s actions, leading you to just be a neurotic miserable sounding person.
My ancestors werent killers 😂 youre the one who should hate your own grandaddy, sad for you lmao
How am I going to put this... the VOC was brutal even by the standards of its time.