When One Company Ruled The World
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- Опубліковано 12 сер 2023
- The Dutch East India Company: The Company That Ruled the World
In the 17th century, the Dutch East India Company (VOC) was the most powerful company in the world. It controlled trade in the Indian Ocean and had a monopoly on the spice trade. The VOC also had its own army and navy, and it was even able to wage war on other countries.
The VOC's rise to power was meteoric. It was founded in 1602, and within a few decades it had become the richest company in the world. The VOC's success was due to a number of factors, including its innovative business practices, its powerful military, and its willingness to take risks.
However, the VOC's success was also its downfall. The company became bloated and corrupt, and it eventually went bankrupt in 1799. The VOC's collapse had a profound impact on the world economy, and it marked the end of the Dutch Golden Age.
This video will tell the story of the Dutch East India Company, from its humble beginnings to its spectacular rise and fall. We will explore the factors that led to the VOC's success, and we will also examine the reasons for its collapse. This is a story of power, greed, and corruption, but it is also a story of innovation and ambition.
Watch this video to learn more about the Dutch East India Company, the company that ruled the world.
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The British feared the VOC so much, they believed the orally told ghost stories of a VOC vessel sailing the seas around the cape - and thus the legend of the flying dutchman was born.
I don’t think that’s how the story came to be. There was a Dutch captain who sailed to India in 3 months and not the normal 6. Everyone was shocked and they believed he made a deal with the devil to make his ship fast for 7 years and in turn his ship had to float on the sea for ever. Then there were some variations on that.
It’s also a natural phenomenon as a boat would be reflected in the air i think
it changed into The lying Dutchman these days.
@@harrygroen69 wait what?
@@fighters9881 deu to our lying gouvernment
Small sidenote to the joke about originality regarding naming: in Dutch, the VOC was called the 'Vereenigde Oostindische Compagnie', i.e., 'United East India Company'. There had been companies before the VOC which traded with the Indies, usually centred around specific trade ports or aiming to service a particular domestic market. These are referred to as 'voorcompagnie', which translates roughly to 'pre-company'.
The VOC was chartered with the intent of uniting all these efforts under one banner, as the government felt the competition between the companies was harming the overall interests of the state in the trade wars against other powers.
thank you for the explnation! 🙏
Johan van Oldenbarneveld came up with that plan if my dutch history lessons in 5th grade serve me well
It means front company. Not pre. It was a screening force basically.
They didn’t called it the “Dutch east india company” it was called “United east india Company” because it was the merger company of smaller regional companies.
East-Indies would be the adequate translation. But the British can't handle the Dutch being different and doing things differently, in different regions.
Verenigde Oost Indische Compagnie.
@@Kededian Vereenigde.
It was unified from several companies into one in 1602, then it was fully one company and only after that it became succesfull
An interesting note: the reason why spices were in such demand is because there was limited ability for refrigeration back in those days so food, especially meat, would spoil and rot really quickly. With spices, those food can be preserved for much longer and on meat already starting to rot, the flavouring cover up any rotten smell and taste and potentially kill off the bacteria (though they don't know about bacteria yet, they did figured out spiced meats don't make you sick).
Europe had salt, and already used it for the purposes you listed for 100s of years even before spices emerged. Spices were needed because to food was too bland and had no flavor. You can try making food without any spices today using only European ingredients. It won’t taste good.
@@ize1000009olive oil, salt, rosemary and roman garrum (fish sauce, natural msg) has been around for a very long time.
@@ize1000009d it taste pretty good with just that. Among many other natural spices found in europe.
It was quite often a status symbol for the very wealthy as was tea and other things at that point. Spices would be like the gucci bags of renaissance europe. You can make pretty good stews and meat dishes without alot of spices with just sage and thyme though. And a ship loads of the stuff which cost nothing in one place could cost loads in another.
Yes, which is why southern Europe had more spicy foods than northern Europe, although I have also seen the argument that it was an economic thing and the south was richer.
The VOC didn't pay dividends for the first 30 years of its existence: it was the result of the dutch golden age, not the cause.
The trade with Scandinavia and the Baltics was way more profitable (the dutch replaced the Hanseatic League)
Peak VOC < 200 merchant ships.
Dutch herring fleet >450 ships (more profitable than the VOC every year of the latter's existence.
Dutch merchant fleet for Europe > 20.000 merchant ships.
Thanks to the windmills, some of them being saw mills, the Dutch were also able to build ships faster than most.
Saw the title and legit thought this vid was going to be about Amazon
I’d be down for a vid on Amazon
Don’t cry because it’s over, smile because it happened.
The Netherlands was a Catholic country until 1530 when John Calvin started the Reformist movement. By 1580 the Dutch were neither Protestant nor Catholic, they were Secular, split almost 50-50 Protestant to Catholic, and were accepting of any religion, including Jewish, Greek Orthodox and Muslim (Ottoman and Persian) traders.
Accepting as long as it wouldnt bother anyone on the street, which for that age was extremely progressive
@@jaspervanhoudt2675accepting as long as they paid more for everything (from taxes to bread to whores)
Im from a catholic region in the Netherlands and I can tell you the dutch republic was very much protestant. Catholics were somewhat tolerated, but not really. In my hometown all catholic churches were closed and priests and clerics expelled
there was no official policy of repressing catholic's. it did happen on a local level.
however compared to literally every other country in the world at that time, most religious freedom possible.
Dutch also invented the Worlds first Stock Exchange and Central Banking in 1600 that enabled this company to get so much power..
Yes-they were amazingly clever and advanced….Still are.
Mentioned at 00:05 🤣
So could this be an explanation of how Netherlands/Dutchland held great wealth influence directing global and local stock exchanges (and now it's the Eu WEF?)
Actually banking was
invented by the knights of Templar
The dutch didn't invent central banking as we know today - swedes did.
Crazy how the VOC would hang pirates for doing exactly what they do.
Our government today will kill you for doing what they do 😂
Ah, the subtle difference between a ‘privateer’ and a ‘pirate’.
There were always "legal" and "illegal" pirates. One example would be Francis Drake who was allowed by his queen to capture Spanish ships. For the Spanish he was a pirate, for the British he was a hero.
The Dutch were also the ONLY nation in the world that had Keelhauling as an official punishment in the rulebook.
There's a nice painting about it in the national museum in Amsterdam. It's actually a pretty nice painting.
Oregano does not need a cartel, it's indigenous to Mediterranean sea. So, a cartel for nutmeg... Ok but for oregano not needed, it grew in Italy.
Nutmeg is also way more delicious.
Interesting! Thank you for sharing!@@AdoraTsang
Not only was it possible to buy shares in ships at the stock exchange, it was also possible to buy and sell insurance on ships. Shareholders would purchase insurance from other investors, essentially hedging their bet. The insurers were betting that the ship would make it home, and would have to pay up, if the ship didnt make it. This led to a whole secondary market and was one of the events that led to the insurance markets we have today.
Proud to be Dutch and very proud of our history
Ps didnt the VOC use the "princeflag"? Orange-white-blue. The modern version isnt even that old.
how can someone be proud of conducting such a huge loot
Proud to be a colonizer?
It is wise to understand that internal European trade, for example the Ooostzeehandel (Baltic Sea Trade), was far and way far more profitable for the Dutch Republic. As it was for any European country at that time.
great content as always! fascinating how much power companies can wield, even today…
And we still have not learnt about giving power to private companies
As a dutch man, i feel enormously proud on my country's history! Even when It's not really allowed anymore nowadays...
Fr
greetings from indonesia!
I liked this video. Very interesting!
Holland was unexpectedly generous to the rebellious British colonies in North America. You speculate that the 'infrastructure' required to maintain Dutch monopolies became burdensome. Diluting British military power was a pragmatic exercise of Dutch economic power. Decades of contention between Holland and Britain ensued over the machinations of international finance. . . a neglected aspect of world-history.
It was in fact a Dutch merchant ship to first recognize the USA as a country
Holland is a region of the Netherlands, which is the actual name of the country
No, not really. The Dutch came up with capitalism and industrialized wind powered ship building. The English couldn't compete and had to go all the way to Asia to make a bug, and build a navy to destroy the Dutch free trade in Europe. But later the Dutch got seriously threatened by Louis XIV of France, German catholics and England getting together to destroy the Dutch Republic. To prevent this to happen again, the Dutch invaded Britain, made it into a protestant ally, and modernized it's economy. This led to Britain taking over eventually as the supreme economic power through it's size. The Dutch, capitalists as they were, got ROI on their massive heaps of money from the 17th through London's 18th century just as easily as through Amsterdam before. They didn't care, capitalism is globalist by nature.
What Empire from any time period do the people wanna see a video on?
Ask „the people“. I want to see something about the Roman Empire and/or the Ottomans.
We did a cray episode on Rome's unprecedentedly bizarre take on Inflation! "How NOT To Fight Inflation"
An Ottoman Empire episode could be great...what about more modern time periods?
I know lot of people may have done this already, but maybe something on planned economic systems of socialist countries and how sometimes they resulted in epic failures: The drying of Aral sea, the Great Leap Forward...you get the idea, I believe.
@@gtbkts I am actually from India. And yes you are absolutely right about how socialist governance policies hampered India's progress for decades. Now, we have officially moved away from that system, but we are not totally out of it. Present government policies also have signs of this socialist hangover. There is still lot of beaurocracy and governments still try to meddle in private businesses, although its much better than before.
@@gtbkts Thanks buddy :)
I just got an advert on spice while watching this. I love the UA-cam algorithm!
I'm so used to seeing water as a blue color I was wondering how the ships were traveling over land. 🤣
I also didn't recognize the world anymore 😅
And then imagine that the VOC was a very very small player in the east and even smaller on a global scale (oh yeah and the trade in the Baltic sea still had a bigger impact on the Dutch economy, even when the VOC was at its highest)
150 merchant ships was like nothing to the Dutch, even considered their tonnage and high value cargo. The European trade was far bigger and the Dutch did more than half up to 70%, with over 20.000 merchant ships.
For the sake of clarity, "Unchecked Capitalism" is not necessarily accurate in describing the environment that built the East India Trading Company. There are more parallels between the VOC and Black Rock or Vanguard now in that these firms manipulate governments and markets far outside the bounds of free trade.
It's both free and not free. The market has the freedom for its players, like one of the corporate giants you mentioned, to manipulate it. Taking that away is a different infraction from a free market, antitrust laws and other regulations. Outright laissez-faire is short lived, as the markets quickly favor certain entities garnering a lot more control than others.
@@coopergates9680 If not free can be used in any way then that really what it is, not free. One firm having privilege over all others is not a free market. At all.
Or even apple and oil companies who use slave labour in other countries.
but that is endgame capitalism, it growth to the point were it makes itself become unchecked
@thatspicyblackguy2508 there is no "endgame" capitalism. When the control of the state becomes more overt or there is monopoly control then it is no longer capitalism.
G E K O L O N I S E E R D
Would love to know how you figured it's appropriate to use an EU flag when describing 16th and 17th century Europe
Well. Even though the flag might be factually incorrect, from both an historical and even a current politica view (since the EU doesnt represent the continent of europe). It still delivers the message the content creator wants to convey/transfer to their demographic. Almost everyone who watches this video will know what the creator wants to imply with the use of that flag
Very interesting!
The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the world. This is still a good time to invest in various stocks, Gold, silver and digital currencies. I never imagined that a few thousand dollars per month would add up. However, it is. I've made around $870,000 since 2020.
Before investing, I would highly recommend you to read a few books. Books like Common stock and uncommom profits and the intelligent investor. They will help you a lot
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
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This is a masterpiece
Corporate espionage is apparently as old as corporations themselves
Great. Now it’s BlackRock.
So we have a quadruple E. Economics explained and epic economics. Solid work here
Nice
Philippe had a blood claim to Portugal's throne.
8:02 the Dutch didn’t actually copy the English. In Dutch called it the voc, which stands for verenigd oostindische compangie, which is translated into the united eastindian comanpany.
Damn we Portuguese were a fricking superpower back then... Hate where we are now
But great video thou
Amazing video!
12:45
sht, we're going to that trade deficit era again
😅
Would love to see a video about opium and cocaine trade. I’m sure there’s a fascinating story behind them.
The Dutch dabbled in that as well: easy money and who cares about some junkies, right?
Amsterdam had it’s own cocaine company right in the city.
Love Dutch history
the voc means united east-india company, as opposed to the many smaller companies that lowered the prices
As a Boere Afrikaner, I owe the existence of my people to the VOC so here, in our historical context (and history books) the VOC is credited with the eventual establishment of South Africa but also with the Calvinistic faith of my people. Arminianism also entered the Cape of Good Hope through the VOC when Holland lost it's Reformed principles and the Prince of Oranje even banished a Muslim to Cape Town who, together with imported slaves, gave Islam a foothold. By that time my people were already Boere (farmers) and because of German immigrants and, very crucially, assimilation with French Huguenots we kept our Reformed religion, culture and language to this day even through British Imperial rule. Now interestingly, we tend to be very distrustful and fight amongst ourselves over every little detail and I suspect that also comes from the VOC culture of distrust and corruption as revealed in this video. It can also be argued that modern Afrikaners, as a people, is probably still the wealthiest in Africa per capita despite complete loss of political power in 1994. This comes from entrepreneurship, innovation and a protestant work ethic that also seem to prevail centuries after we lost all connection with our European countries of origin. We often joke that if you put three Afrikaners in a room they'll establish three political parties and 5 churches by the time you open the door. Very difficult people but hey, you don't survive in Africa for 3.5 centuries by being easy. I thank God that my ancestors came to South Africa and we owe the VOC a bit of gratitude even though they didn't realize their greed would have such wonderful unintend consequences. Thank you for this video! I love a new perspective and added context.
Your beautiful language was first written in the Arabic script, the VOC, the Dutch, still wrote in Dutch.
@@DenUitvreter You're absolutely right. It wasn't until the twentieth century that the so called "kitchen dutch" became recognized as a 'civilized' way to communicate. Before that it was thought to be low class. Pannevis and Du Toit did great work to advance Afrikaans as a language and when the Bible was translated in 1933 that became the breakthrough. I think it was in 1709 when a guy first said Ik ben een Afrikander (I'm an Afrikaner) indicating that even then the identity change from Dutch/German/French to something completely new and unique was already being established. The language evolved and developed and we owe much to the immigrant slaves and workers who joined us in South Africa. In fact it is high time that the 'Cape language", recently also becoming more prominent, is recognized as a unique and beautiful language in itself. That will go a long way to strengthening the identity of the Cape Colored people who deserve full recognition as a people. What a fascinating history we all share!
@@ecpnothnagel9121 Indeed, I don't speak Afrikaans but that is relative when one is Dutch, but it's got that working class charm, even more non nonsense than Dutch it appears to me. There some unpretentious thinking behind words like 'rekkie' instead of 'elastiekje'. I'm surely not the only Dutch person that reads a list of African words with a regular little chuckle.
It's a shame it gets so much stick for being the language of the colonizer, often by English speakers who were the real colonizers.
The EU flag seemed to show up a lot in the beginning of the video, pretty weird.
VOC translated to English would actually be
United east Indian companie
In Dutch
Verenigde Oost Indische Companie
(Investment+Insurance)=Extra protection or immunity,like insurance company for instance.
I am not often patriotic, but damn this makes me giddy inside
3:35 That's sounds like oversimplified :D
blackrock and vanguard own the world.
History reaping
As an Indian I saw this coming from light years away.
Currently building a ship, you'll see me sailing towards you in about 7 months. You better trade with me.... or else
What a brilliant racket. What do you mean we've overdrawn from the company for the last 10 years and lived gloriously and now we basically can't be touched for it?!
Just looked at the map. Portuguese support the port of Hamburg to circumvent the Dutch trade from East Asia ? And that before the Suez canal ? Don't get it.
It’s about accessing the Northern European markets, especially in those days you needed a good harbour.
It's "either I win, or you lose" and not "if I win or you lose".
When doing your graphics, the ocean should be blue and the land another color. The land shouldn't be blue
fellow, it is a map. it does not need accurate colors. if you want colors, take a look at satellite imagery.
@@bigsnugga LOL ok
Very informative and well narrated. I like to learn. You are a good teacher.
Wasnt voc come first before the british one? I don't remember which one😅
No the VOC was the first multi transnational corporation the British one was the second
This is how you summon Dutch people
GEKOLONISEERD
Sounds like Eve Online
The UFC was a smaller modern version that had regional hegemon in Latin America
Your videos all have low volume of sound and hard to hear
What happened after it broke up or bang up?
Nothing it was dissolve like every other company that's probably parts and pieces that was reconstituted by other companies like how standard oil was when it was broken up by the US government and they were made up of shell and Chevron and ExxonMobil
@@enhancedutility266 Shell didn’t originate from Standard Oil
@@abbofun9022 You're right My bad I was confusing the other oil companies for Shell
The Dutch government took over their colonies directly
they simply get replaced by the dutch directly.
What’s chandler doing here?
Don’t let Amazon find out about this one
Now we trade drugs instead of spices ... nothing changes.
Portugal was not fighting the Netherlands, Spain was. It happens that the spanish kingdom controlled Portugal during the Iberian Union (1580-1640). After Portugal regain its independence, it made truce with the Dutch.
O gajo parece não fez o trabalho de casa bem
So they were attacking each other, but they were not fighting? I mean I assume you know what happened in Brazil, Sri Lanka and the Indian and Indonesian trade posts. Also the Portugese war ships next to the Spanish ones in the English channel looking for Dutch ships didn't help. They mainly made truce because they gained nothing and had lost almost everything they gained in the previous 2 centuries.
@@jemoedermeteensnor88 which part of "Portugal was part of Spain" didn't you understand? Portugal, as an autonomous country, ceased to exist during the Iberian Union. Which means it inherited from Spain all territory, political decisions, enemies, and allies. It would be like blaming the Dutch for the crimes committed against Jews during the German occupation of the Netherlands.
@@guilherme8829Not exactly during the union portugal continued to exist as a country but simce they were the junior member of the union the spanish called theme into wars but the portugues also fought the duch independantly for example brazil india the malaya...
@@TomasAlmeida-mx6qc Philip of Spain was the king of both Spain and Portugal. In an absolute monarchy, the king rules. Because Portugal was part of Spain, the Netherlands attacked Salvador in 1624 and conquered Recife in 1630, both were Portuguese colonies that became Spanish colonies.
The Seven Provinces of the Netherlands were fighting Spain for their independence. They saw the Spaniards as enemies. When Spain gained control of Brazil during the Philip Dynasty, the Netherlands attacked Brazil as it would attack any other Spanish colony. When you loot and conquer a city, of course, its citizens will retaliate. This is what you call "fought independently".
Your argument is so wrong that is well known that local Portuguese from Pernambuco cooperated with the Dutch during a period. Maurits lent money to many Brazilian farmers until ~1650. The Brazilians expelled the Dutch only because by 1640 the Iberian Union had ended but the Dutch didn't return the Brazil's northeast.
That the Dutch golden age was a result of spice trade and colonization is a lie. The Dutch golden age was feuled by the huge Dutch mercantile transporter fleet known as the “the freighters of Europe”. More then half of Dutch trade income relied on the trade on the Baltic sea with their old Hanseatic partners, exotic goods from the far east amounted for less then 10%. This trade on the “eastsea” was known as the “moedernegotie” or “mother of all trades” by the Dutch. Overal European powers lost more money on their colonies then they profited from them, private entities however did profit.
Less than 1% probably, with less than 1% of the number of Dutch merchant ships. The Baltic sea trade was not just the mother of the VOC but also of the Dutch presence in the Mediterranean, the Atlantic coast and the North Sea. The Dutch weren't imperialistic colonizers like the others, they were very much hands off and let the locals do their own oppression. It was also impossible to take the war to the Spanish and Portuguese on the oceans without a network of trading posts to support it and trade to finance that presence.
And do not mention the VOC West Indieas
The real money maker
Lol bashing the name the Anglo´s use for the VOC, when its literally means United East Indies Company. I've never understood why the British tend to Anglicize some names, even when the meaning of the name differs."
"...This resulted in king's Sebastian death..." It resulted in his disappearence* as a Portuguese we all know he didn't die, he hid and will come some day in a foggy night and save Portugal from the muslims.
As a fellow portuguese, if you think critically about that, that "legend" is just a State created lie made up with the objective of covering the umiliation the Portugal suffered at the hands of the spanish. Most of the dutch success has to do with the fact that the portuguese name was sent out to fight spanish wars against the dutch and the english. Portugal WAS the navy. The concept of what we call today "a navy" was invented by Portugal. The navy was reduced significantly with these useless wars and we lost the empire to the dutch. Kudos to them as if it were the other way around, we would have done the same... You see, when your empire is so huge for so ma y years, the people in power tend to be complacent and confortable. It happen to Portugal, it happened to Spain, to the dutch as well.... That is just the story of Europe. Very ritch indeed. I would say, together, this European Union has the greatest history of all. Something we all must be proud of, though be very careful to not be consumed by nostalgic dreams and ideas, as this is also Europes problem: The nations are all stuck with their past.
Funny how it got spread out and people believed it to cover his failure
However many parts of the Dutch economy is still based on the work and mentality of VOC. Furthermore look at the European and Wordleading companies there still Dutch or the still control a significant part of the market. Also at the Energy, Agricultural, Inventief and Industrial Engineering or Design the Dutch are still leading.
Jan Willemszoon Coen heeft niks verkeerds gedaan
8 trillion dollar market cap? You make that up?
Yes, we were the greatest, the biggest and the best - I admit, centuries ago.
Empires come and go, but nationalism is a timeless sport Egh 🥲
It was actually the 'United East India Company' not the "dutch east india company'
VoC was from the Dutchies, founded and controlled.
What you are referring to is when the Dutchies wer on a decline and Great Britain was on the rise.
So Britain stole a company and you are saying they are the ones who founded it.
Are you on drugs?
I thought that the british one was wealthier because of india
They didnt own India until after the East India company dissappeared.
Also it is only partially explained in this video, the VOC managed to monopolise 5-8 spices. This lead to huge profits. For example it was said that a small bag of nutmeg was enough to buy you a house. India was the only know source of large amount of diamonds around the 15th century, but a lot more places were found later on so it wasn't that special anymore.
Long live the voc
Gekonoliseerd
The arasaka corporation
Gekoloniseerd
“Little to offer other than gold, silver and a little arrogance”
The VOC did NOT have an 8 trillion market cap. Idk where this myth of the VOC being the wealthiest company ever came from. Consider that worldwide GDP was under 1 Trillion at the time. Now how would the VOC have more wealth than the GDP of the entire world? If the Dutch had such a company we would all be speaking Dutch rn.
The Dutch weren’t as aggressive with their language influence. That’s why the world doesn’t speak Dutch. Get your facts right!
And as the Protestant Hollander top 1% grew rich from it, the rest of the country suffered. Especially the southern, Catholic provinces. Sure, HOLLAND (the provinces, not the Netherlands) was ok with Jews and Muslims. But only as long they paid their taxes. Southern Catholics? Systematically and violently oppressed
Catholics were also fine: as long as they paid their taxes and didn't get too uppity
@@sd-ch2cq Sure, if with 'fine' you mean they were still allowed to practice catholicism. Never mind all churches had been confiscated and given to the protestants. Even in towns where there were no protestants, the town church STILL couldnt be used. Not to mention taxes were suspiciously higher, to the point people fled onto the heaths and built "outlaw" towns. Which often also led to increased banditry. Which nobody north of the rivers cared about. Even till this day, all provinces are equal. Some are just far MORE equal than others.
@@macrendilysmir1876 The catholics of Europe were still determined to annihilate the Dutch Republic and kill all protestants. When Spain stopped plotting to do so and admitted defeat, the French Louis XIV took over finding many allies. The Dutch Republic had to invade England and give it's current parliamentary monarchy and bill of rights to make into a mighty protestant ally and finally be safe.
With this I learned that even a Multinational Genocidal Trade Empire can fall due to lack of Accounting 😂
Guess I’ve been saying it wrong…
transition music too loud, voiceover audio too soft comparatively, RIP earphone users
Crazy to think the Samurai were part of the downfall of the first form of capitalism
I've found 2 of my ancestors' names in the VOC-archives. They were sailors on an "Oostindiavaarder". Both died in Batavia and were repatriated home. Bit weird knowing what the family did back in the day - Buncha' pirates they were.
Proof it
yo ho ho and a bottle of rum
No need, you can check it yourself. Go to the VOC archives (online) and search for "Abraham de Koning" and you'll find both of them. They're linked with our family tree, same dates, same year of passing.@@CarlijnVoetjes
Gekoloniseerd!
Britain's ''imfamous'' colonial empire? 🤦🏻♂️ Tell me you live in your parents' basement and don't understand how the world works without telling me you live in your parents' basement and don't understand how the world works.
🇳🇱G E K O L O N I S E E R D🇳🇱
Tbh, I've always found it a bit missleading to call the VoC the biggest company in history. Yes, _technically_ they were a company, but it was nothing like what we describe as a coorporation in modern terms. They opperated in a manner far more simmilar to a colonial empire than something like Google or Microsoft.
You can see oil companies like Chevron, BP, Shell, PetroChina can be VOC-like if they were given rights like VOC was. Recruit army, establish fort, made war & peace, imprison people, destabilizing governments & genociding entire population, all to secure lucrative oil fields.
If an ‘entity’ is fully owned and traded on a stock market without any governmental oversight or true influence there’s really no other word that describes such an entity than ‘company’.
FYI companies in more recent times have operated in a bloody manner as well, just look up what fruit companies like Del Monte did in South America in last century.
Samsung is getting there, making tanks already xD
@@abbofun9022 just look up what another Dutch gem of a company, Shell, does to people in Africa who dare to walk within 100m of their pipelines.
@@TheSuperappelflap and your point is?
European food sucks that much?
Spices were primarily used for food conservation, no fridges remember.
@@abbofun9022They preserved food before that, remember?
@@_ata_3 sure they did but in those days they thought it worked better with spices
VOC does NOT stand for DUTH East India Company but United East India Company.
So tell me where does V O C stands for?...
You dummy you believe what some random youtuber says and run with it.
Well, better keep running because you not understanding anything.
lets be honest, portugal created this economy, the dutch, spanish, french, dutch, just did the same thing
I'm here because I'm confused about what sort of company the British East India Company was. The military has companies but they are usually very different from a company like Microsoft. I think of a military company as a number. A battalion is bigger than a company. My understanding is that a battalion might consist of perhaps 3 to 7 companies. company might consist of 4 platoons. A platoon might consist of 4 squads or teams of perhaps 6 to 10 soldiers. Anyway so when I hear about the British East India company what comes to mind is neither a company like Microsoft or a military company consisting of 4 platoons. I do think of the military though. I think of redcoats and soldiers. But it's much bigger than the companies I've seen in the military. I'm thinking it's like perhaps one of the 4 branches of British military perhaps they are the Marines of the British Empire since they are associated with ships. That's why I'm here. I looked up British East India company but the first videos were all about the Dutch East India Company. So I figure maybe the Dutch East India company might shed light on what the British East India company is.
The inclusion of modern day flags is really off and incorrect. For example, you use the EU flag to describe Europe. The beautiful irony being, that the 17th century was one of the most brutal centuries in Europe. Out of a 100 years, the continent saw a mere 3 years without warfare. A lot of states were dedicated warmongers, which during some wars (such as the 30 years war) absolutely decimated the local populations.
Including modern day flags makes it far more easier for the audience to understand it. It’s still incorrect though, but more understandable.
@@LuchtLeiderNederland: absolutely, the video would be much longer if all that had to be explained!
Bloated and Corrupt sounds like USA.
If the dutch invested so much in spices, why is our food still so bland😂
conratulations, you got it exactly the wrong way around
Once upon a time...high ranking officials from the United Nations teamed up with Saadam Hussein, some giant companies, and some sketchy world leaders to embezzle billions of dollars worth of aid that was supposed to go towards helping the millions suffering in Iraq.
This is that terrible true story: ua-cam.com/video/PM3ZMWtbBag/v-deo.html