Early Modern World- Dutch East India Company
An official in the Dutch East India Company would be very powerful because he worked in biggest company in the world, but he would also have many responsibilities such as managing taxes, military affairs, and relations.
In 1602, a group of wealthy Dutch merchants decided to start a business called the Dutch East India Company. They made this as a way to protect and control trade as well as help with the war that was between Spain and Portugal. They made their money by selling shares, and with that they began to create more money by taxes. Portugal had been a big trading source before this, but with the rise of the Dutch East India Company, It became less popular. They started by capturing Malacca and opening trade with China. This led to trading all over the world. The company was the biggest of its time; merchants made close relationships with local rulers, and they had authority in the military. An official in the trading company would have a very busy job. He would have to act as an accountant when he managed the taxes and shares, a general when he dealt with military affairs, and a peacemaker when he had to manage the relationship between the buyers and sellers. It would have been a very demanding job, but since it was a job in the most important trading company in the world, it had its rewards. These merchants were members of the highest class. Many men married women of Asian culture, and lived in mansions on the coast. They had power because of their job, so ultimately they were kept happy. Around 1798, the Dutch East India Company came to a close. The company had foreign competition that had gotten more popular at the same time that the Dutch East India Company had management issues and declined.
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