3 years ago

Capitalism and the Dutch East India Company

“The government of an exclusive company of merchants is, perhaps, the worst of all governments for any country whatever.”

“The government of an exclusive company of merchants is, perhaps, the worst of all governments for any country whatever.” ―Adam Smith. The Wealth of Nations (1776)

Join host John Green to learn about the Vereenigde Oostindische Compagnie, doing business as the VOC, also known as the Dutch East India Company.

In the 16th and 17th centuries, the Dutch managed to dominate world trade, and they did so through the pioneering use of corporations and finance. However, not all of their ways were new; traditional methods such as violently enforced monopolies, unfair trade agreements, and warfare also played a role in their growth.

You’ll learn how the Dutch came up with inventions including joint stock corporations, maritime insurance, and futures trading… and how all this affected the US economy in 2008.

John & Hank Green and friends teach you all kinds of subjects – from World History to Astronomy, Literature to Psychology, and everything in between! Go to the Youtube channel here. 

Photo credit: crash course.