The Rise And Fall of the Dutch East India Company

33,113
0
2024-07-17に共有
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.

------

Sign up for my FREE newsletter! - www.compoundeddaily.com/

------

#history #voc #business

Link To Our Other Channel: youtube.com/c/HowMoneyWorks

Written By: Sam

Video Created By:
Svibe Multimedia Studio
Editor: Cardan
Media Gatherer: Andrea Rivas

Footage Courtesy of: Getty Images

Music Provided By: Epidemic Sound

For sponsorship inquiries, please contact [email protected]

-----

7.9 trillion dollars. That was the historically adjusted market capitalization of the Dutch East India Trading Company. It was a for profit company larger and more powerful than most of history's greatest empires. [1]

If it was around today the world’s first multinational corporation would be worth more than Apple, Microsoft, Amazon, Meta, and still have more than enough money left over to purchase McDonald’s, Walmart and Samsung.

Most companies are lucky to last ten years. [2]


But The Dutch East India trading company lasted over 200 years, from 1602 until 1799, with an impact that still continues today thanks to its radical business innovations…and ahem ‘questionable behaviour’.

But its biggest contribution to the world – besides all the killing and invading and enslaving – are shareholders.

Besides pioneering corporate governance, the creation of shareholders paved the way for modern business to become more accessible to the average person.

This helped popularize employee welfare like health care and pensions, and introduced insurance bonds and joint-stock ownership.

So, who were the people that owned the most valuable company of all time? How did the concept of a corporation even start? And how did the board of investors influence the direction of world history?

- Sources -

dutchreview.com/culture/history/how-rich-was-the-d…
www.bbc.com/news/business-16611040
www.britannica.com/topic/Dutch-East-India-Company
www.thoughtco.com/age-of-exploration-1435006
www.worldhistory.org/Dutch_East_India_Company/
www.investopedia.com/ask/answers/08/first-company-…
investoramnesia.com/2022/10/23/legends-of-market-h…
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/www.sfu.ca/~poitras/ch2_lemaire.pdf
www.worldsfirststockexchange.com/2020/11/27/going-…
www.encyclopedia.com/history/encyclopedias-almanac…
historyguild.org/the-impacts-of-corporate-globaliz…
archive.is/SCf9h
dokumen.pub/the-worlds-first-stock-exchange-978023…
www.businesscompendium.co.uk/post/the-rise-and-fal…
www.investopedia.com/articles/07/stock-exchange-hi…
museum.wa.gov.au/explore/dirk-hartog/voc-united-du…

コメント (21)
  • @Gronmin
    The impact of the Dutch East India company is really insane, it's probably been more impactful than most countries
  • @KPJohnson
    "Dutch Spice & Genocide" - I almost choked on my lunch!
  • 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.
  • This is the first time in like, a decade that I look at YouTube comments, and oh boy, it's just spam bots and a couple of real people. What the hell is happening?
  • 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.
  • For the graph at 1:43, the Suez Canal wasn't around yet so how did they avoid going around Africa?
  • @gtbkts
    Thanks for the great video and all of the awesome content!!
  • 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.
  • All these explanations about VOC and not a single mention of Indonesia, which they plundered for more than a century.
  • 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!
  • @colinhannah3515
    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!
  • 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.
  • Welp duh which Mitsi Studio made video about VOC. BTW please make video(s) about mercenaries then PMCs in the future?
  • Can you do a video about how periods of extreme income inequality ended over time?