Which best describes the Dutch East India Company? it was a Multinational corporation used to boost trade with Asian territories. it was a team of missionaries used to spread Christianity in the west Indies.
What did the Dutch East India Company do?
Dutch East India Company, byname of United East India Company, Dutch Vereenigde Oost-Indische Compagnie, trading company founded in the Dutch Republic (present-day Netherlands) in 1602 to protect that state’s trade in the Indian Ocean and to assist in the Dutch war of independence from Spain.
Why was the Dutch East India Company so successful?
The Dutch had an advantage in resources because they were on the cutting edge of capitalism. The Dutch East India Company had a more successful strategy on account of sound money, an efficient tax system and a system of public debt by which the government could borrow from its citizens at low interest rates.
Which accurately describes the purpose and history of the Dutch East India Company?
Which accurately describes the purpose and history of the Dutch East India Company? The Dutch East India Company was granted a monopoly of the spice trade by the Dutch government and subsequently owned its own military and colonies in the Pacific.
What was the Dutch East India Company quizlet?
A joint stock company that controlled most of India during the period of imperialism. This company controlled the political, social, and economic life in India for more than 200 years.
Why did the Dutch leave India?
Netherland had got independence from Spanish Empire in 1581. Due to war of independence, the ports in Spain for Dutch were closed. This forced them to find out a route to India and east to enable direct trade.
Who was the VOC’s biggest competitor?
By contrast, the rest of Europe combined sent only 882,412 people from 1500 to 1795. VOC’s biggest competitor (English East India Company) is in second with a total of 2,690 ships, and ⅕ of the total tonage of goods carried by VOC.
How did the Netherlands get so rich?
A technological revolution in shipbuilding and trade knowledge and capital, due to Protestant traders of Flanders who fled to the Netherlands, helped the young Republic become the dominant trade power by the mid-17th century. … Still the Netherlands kept a high level of prosperity, due to trade and agriculture.
Why did the Dutch East India Company fail?
Socio-economic changes in Europe, the shift in power balance, and less successful financial management resulted in a slow decline of the VOC between 1720 and 1799. After the financially disastrous Fourth Anglo-Dutch War (1780–1784), the company was nationalised in 1796, and finally dissolved on 31 December 1799.
What is the richest company in history?
Top 10 Most Valuable Companies of All Time
- Dutch East India Company: $8.28 trillion.
- Mississippi Company: $6.8 trillion.
- South Sea Company: $4.5 trillion.
- Saudi Aramco: $1.89 trillion.
- Apple: $1.3 trillion.
- PetroChina: $1.24 trillion.
- Microsoft: $1.2 trillion.
- Standard Oil: more than $1 trillion.
What was the purpose of the West India Company?
Dutch West India Company, byname of West India Company, Dutch West-Indische Compagnie, Dutch trading company, founded in 1621 mainly to carry on economic warfare against Spain and Portugal by striking at their colonies in the West Indies and South America and on the west coast of Africa.
Which option accurately describes the Virginia Company and its purpose?
Answer Expert Verified. The answer would be “The Virginia Company was chartered by King James I, and its purpose was to establish settlements in Jamestown”. These colonies were given the right to govern themselves and was the start of the development of democracy in America.
What lands did the Dutch East India Company claim?
As the Dutch East India Company continued to expand, trading posts were established in places that include Persia, Bengal, Malacca, Siam, Formosa (Taiwan) and Malabar to name a few. By 1669 the Dutch East India Company was the richest company in the world.
What spices in particular did the VOC gain control over?
Along the coast from Surat to Calcutta, VOC factories and warehouses covered a far larger area than the company controlled in the East Indies archipelago. It was from the islands that the VOC obtained most of its spices: salt, pepper, nutmeg, cloves and cinnamon.
Was the East India Company British or Dutch?
The East India Company was an English company formed for the exploitation of trade with East and Southeast Asia and India. Incorporated by royal charter on December 31, 1600, it was started as a monopolistic trading body so that England could participate in the East Indian spice trade.