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Dutch East India Company facts for kids

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VOC
Logo of the VOC

The Dutch East India Company (also known as the VOC) was a very powerful trading company from the Netherlands. It started in 1602. The Dutch government gave it special permission to be the only company allowed to trade with Asia for 21 years.

The VOC was the first company in the world to be truly global, operating in many countries. It was also the first company to sell stock, which means people could buy small parts of the company. The VOC had amazing powers for a company. It could even start wars, sign treaties, print its own money, and create new colonies.

This company was very important for almost 200 years. But in 1800, it ran out of money and closed down. The lands the VOC controlled in Asia later became a country called Indonesia.

How the VOC Started (1602-1620)

In the 1500s, most of the trade with Asia was controlled by Portugal. The Dutch government wanted to join the valuable spice trade. Portugal was struggling to meet the high demand for spices in Europe.

So, with money from the government, the VOC set up its first trading post. This was in a place that is now Jakarta, Indonesia. This location soon became the main base for all their operations in Asia.

Growing Bigger and Stronger (1620-1669)

In 1620, the VOC made a trade deal with its main competitor in Asia, the English East India Company. This agreement lasted until 1623. A sad event called the Amboyna Massacre happened, which caused the English company to move its trading posts away from Indonesia.

During the 1620s, the VOC expanded its reach to other Indonesian islands. They started large farms, called plantations, on these islands. This helped them grow and export even more goods. The company kept growing and eventually became the richest company in the world.

In 1640, the VOC opened a trading post in Ceylon, which is now Sri Lanka. This was the last place where Portugal still had a strong presence. After this, the VOC had almost complete control over trade between Europe and Southern Asia.

Exploring Australia

Ships from the VOC were some of the first Europeans to explore the coast of Australia. In 1629, there was a rebellion on the VOC ship Batavia. After the rebellion was stopped, many sailors were punished severely. Two of them, a soldier named Wouter Loos and a cabin boy named Jan Pelgrom de Bye, were left behind. They were dropped off at Wittecarra Gully, near the Murchison River. No one ever saw them again.

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See also

Kids robot.svg In Spanish: Compañía Neerlandesa de las Indias Orientales para niños

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