The Dutch East India Company

Read this article about the history of the Dutch East India Company, from start to finish. Of particular interest is the significant impact this one company had on all of Europe for nearly 200 years.

History

Background


VOC headquarters in Amsterdam

The United Provinces of the Netherlands were being pressured to expand overseas. By the end of the sixteenth-century Dutch merchants had acquired large amounts of capital from their successful European trade, and were looking for new investment opportunities. The highly profitable sea trade routes between Europe and Asia had been established and dominated by the Portuguese. Reconnoitering in the late sixteenth century paved the way for Houtman's voyage to Banten, the chief port of Java, and back (1595–1597), which became quite profitable.

In 1596, a group of Dutch merchants decided to try to circumvent the monopoly. In 1596, a four-ship expedition led by Cornelis de Houtman was the first Dutch contact with Indonesia. The expedition reached Banten, the main pepper port of West Java, where they clashed with both the Portuguese and indigenous Indonesians. It then sailed east along the north coast of Java, losing twelve crew to a Javanese attack at Sidayu and killing a local ruler in Madura. Half the crew were lost before the expedition made it back to the Netherlands the following year, but with enough spices to make a considerable profit.

In 1598, an increasing number of new fleets were sent out by competing merchant groups from all around the Netherlands. Some fleets were lost, but most were successful. In March 1599, a fleet of 22 ships under Jacob van Neck of five different companies was the first Dutch fleet to reach the 'Spice Islands' of Maluku. The ships returned to Europe in 1599 and 1600 and although eight ships were lost, the expedition made a 400 percent profit In 1600, the Dutch joined forces with the local Hituese (near Ambon) in an anti-Portuguese alliance, in return for which the Dutch were given the sole right to purchase spices from Hitu.

Dutch control of Ambon was achieved in alliance with Hitu when in February 1605, they prepared to attack a Portuguese fort in Ambon but the Portuguese surrendered. In 1613, the Dutch expelled the Portuguese from their Solor fort, but were expelled again in 1636 following a re-occupation.