- published: 25 Jan 2023
- views: 812720
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remove the playlistEast India Company
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East India Company
The East India Company (EIC), also known as the Honourable East India Company and informally as John Company, was an English and later British joint-stock company, formed to pursue trade with the East Indies but ended up trading mainly with the Indian subcontinent and Qing China.
Originally chartered as the "Governor and Company of Merchants of London trading into the East Indies", the company rose to account for half of the world's trade, particularly trade in basic commodities that included cotton, silk, indigo dye, salt, saltpetre, tea and opium. The company also ruled the beginnings of the British Empire in India.
The company received a Royal Charter from Queen Elizabeth on 31 December 1600, making it the oldest among several similarly formed European East India Companies. Wealthy merchants and aristocrats owned the Company's shares. The government owned no shares and had only indirect control.
The company eventually came to rule large areas of India with its own private armies, exercising military power and assuming administrative functions.Company rule in India effectively began in 1757 after the Battle of Plassey and lasted until 1858 when, following the Indian Rebellion of 1857, the Government of India Act 1858 led to the British Crown assuming direct control of India in the form of the new British Raj.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/East_India_Company
East India Company (disambiguation)
The East India Company, also known as the English East India Company, the British East India Company, and the Honourable East India Company was an English, and later British, company founded in 1600, and chartered with the monopoly of trading with Southeast Asia, East Asia, and India.
East India Company may also refer to several historical companies of continental Europe, each chartered with a similar monopoly of trade:
Other uses
See also
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/East_India_Company_(disambiguation)
India?
India? is the third studio album by the band Suns of Arqa, recorded and released in 1984 by Rocksteady Records. The album was produced by Suns of Arqa founder Michael Wadada. It is their fourth album overall when including their 1983 live album with Prince Far I, and this is indicated subtly on the spine with the letters "Vol IV". The spine also reads "Such big ears, but still you can't see".
'India?' is a radical departure from the style of the previous two albums Revenge of the Mozabites and Wadada Magic. As the title suggests, this album has a strong Indian feel to its arrangements and instrumentation. It has not been released on CD, however three of the five tracks have found their way onto other Suns of Arqa CD releases.
Track A1 'Give Love' which features Ras Michael appears on the 1991 compilation CD 'Land of a Thousand Churches', and tracks A3/B2 (Kalashree/Vairabi) both appear on the 1992 CD Kokoromochi.
The sleevenotes for this LP include thank-yous to Adrian Sherwood, Style Scott, Gadgi, Martin Hannett, Chris Nagle and Kevin Metcalf.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/India_
India (East Syrian ecclesiastical province)
India (Syriac: Beth Hindaye) was an ecclesiastical province of the Church of the East, from the seventh to the sixteenth century. The Malabar Coast of India had long been home to a thriving East Syrian (Nestorian) Christian community, known as the St. Thomas Christians. The community traces its origins to the evangelical activity of Thomas the Apostle in the 1st century. The Indian Christian community were initially part of the metropolitan province of Fars, but were detached from that province in the 7th century, and again in the 8th, and given their own metropolitan bishop.
Due to the distance between India and the seat of the Patriarch of the Church of the East, communication with the church's heartland was often spotty, and the province was frequently without a bishop. As such, the Indian church was largely autonomous in operation, though the authority of the Patriarch was always respected. In the 16th century, the Portuguese arrived in India and tried to bring the community under the authority of the Latin Rite of the Catholic Church. The Portuguese ascendancy was formalised at the Synod of Diamper in 1599, which effectively abolished the historic Nestorian metropolitan province of India. Angamaly, the former seat of the Nestorian metropolitans, was downgraded to a suffragan diocese of the Latin Archdiocese of Goa.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/India_(East_Syrian_ecclesiastical_province)
India (Vega album)
India is the first studio album by Spanish singer Vega, released on November 7, 2003 on Vale Music Spain.
History
This album represents her success after having sold more than 200.000 copies of her first single "Quiero Ser Tú" (Spanish for "I Want to Be You"), which was a task to be accomplished before being entitled to a recording contract. The album itself sold more than 110.000 copies in Spain alone.
The country, India, has always been an inspiration to Vega, and that is why she decided to name her album after it. All but two songs on the album, "That's Life" (Frank Sinatra cover) and "Believe" (K's Choice cover), were written by Vega. The eighth track, "Olor A Azahar", is dedicated to the city she was born in.
The first single from India was "Grita!", which became the best-selling single of 2003 in Spain. After the success of the first single, "La Verdad (ft. Elena Gadel)" and "Directo Al Sol" followed. Elena Gadel, a member of the girl-group Lunae, whom Vega had met during the time they were part of Operación Triunfo, also helped with the background vocals for "Grita!".
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/India_(Vega_album)
Radio Stations - New Delhi
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Podcasts:
India
ALBUMS
- La Historia... Mis Exitos released: 2007
- Soy Diferente released: 2006
- Latin Songbird: Mi Alma y Corazón released: 2002
- Sola released: 1999
- Sobre el fuego released: 1997
- Dicen que soy released: 1994
- Llegó la India Via Eddie Palmieri released: 1992
- Breaking Night released: 1990
- Lo Mejor De India released:
India
ALBUMS
- Unica released: 2010
- La Historia... Mis Exitos released: 2007
- Soy Diferente released: 2006
- Salsa divas released: 2004
- Latin Songbird: Mi Alma y Corazón released: 2002
- Sola released: 1999
- Sobre el fuego released: 1997
- Jazzin' released: 1996
- Dicen que soy released: 1994
- Llegó la India Via Eddie Palmieri released: 1992
- Breaking Night released: 1990
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-
How The East India Company Took Over An Entire Country
#eastindiacompany #history #documentary WATCH THIS AND ALL OUR VIDEOS OVER ON SPOTIFY: https://open.spotify.com/show/4ONNqWZ8qsl6DIyIp0uR8s?si=a444627f2aa343d7 CHECK OUT OUR MAP STORE HERE: https://www.redbubble.com/people/MapStory/shop WATCH THIS AND ALL OUR VIDEOS COMPLETELY AD-FREE OVER ON OUR SUBSTACK: https://thisishistory.substack.com/?r=2zq5ao&utm_campaign=pub-share-checklist The city of London has been the centre of Britain’s economic and commercial activity for centuries, with many of the largest and wealthiest companies in the world choosing to locate their headquarters in the nation’s capital to this day. However, none of these modern businesses can compare to what was undoubtedly the most powerful multinational corporation the world has ever seen. Established over 400 yea...
published: 25 Jan 2023 -
How East India Company Captured India.
Get 75% OFF on Seekho Plus’s Monthly subscription!! Only at Rs 49 instead of Rs 199 🤑🤑 Use my code NR49! Click the link ⬇️ https://applinks.seekhoapp.com/jLCwkjsffova4iwr8 --------------------------------- We have all read indian history and its struggle for independence from Britisher Rule. But how come a corporate company like east india company, which came to trade, eventually captured and exploited the whole of India. How a traditional business of spice trade turned the course of indian history. How the east india company defeated long reigning emperors and kings to dominate the Indian land. On this independence day, lets dive down in the history again. Lets discuss. ---------------------------------- Reference: https://docs.google.com/document/d/1pWnqpHAdmwOGma8dMC8TDAfjsEXZTvPoFT...
published: 14 Aug 2023 -
Capitalism and the Dutch East India Company: Crash Course World History 229
In which John Green teaches you 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 all through the pioneering use of corporations and finance. Well, they did also use some traditional methods like violently enforced monopolies, unfair trade agreements, and plain old warfare. You'll learn how the Dutch invented stuff like joint stock corporations, maritime insurance, and futures trading. Basically, how the Dutch East India Company crashed the US economy in 2008. I'm kidding. Or am I? Citation 1: William J. Bernstein, A Splendid Exchange: How Trade Shaped the World. Grove Press. 2008. p. 218 Citation 2: Stephen R. Bown. Merchant Kings: When...
published: 19 Mar 2015 -
The Rise and Fall Of The East India Company
Exploitation, political meddling, and military aggression. I’m not talking about the dictator of a banana republic; I’m talking about a private company whose personal army was three times that of the British army. The East India Company sounds like the sort of capitalistic nightmare ripped straight from the pages of a Philipp K Dick novel, but these guys were a real dystopian force. Their time may be over, but their consequences of their actions shaped the world as we know it. In 1557, a few years before the unofficial Anglo-Spanish War, Francis Drake decided to explore the bank accounts of Spanish settlements in South America. [1] Once he plundered the Spanish colonies, he darted back across the Pacific Ocean, until touching down in the East Indies. As Drake sails away, the Spanish th...
published: 10 Feb 2024 -
The Economics of the Dutch East India Company
This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Trillion-dollar mega corporations are a very big deal these days. Only about 2 or 3 exist in the modern world and they're primarily tech companies that have achieved this status by capitalizing on cutting edge modern technology (and probably a bit of optimistic speculation). But there is one corporation that has snaked its way through history and may have very well been the largest corporation in history. This was a company that laid the foundations for modern multinationals and created systems, procedures, and expectations that we take for granted today. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ 📚 Want to lear...
published: 27 Feb 2020 -
Crash Course Modern History | British East India Company from 1600 - 1857
This is a crash course lecture on Modern History for UPSC Civil Service Prelims and Mains/IAS/SSC CGL/CDSE/NDA exam point of view. We will cover everything the British East India Company did (trade to ruling) in the Indian Subcontinent from 1600 to 1857. **Time Stamp** List of Mughal Emperors - 1:13 Arrival of European trading companies in India - 2:41 How the British East India Company arrived in India - 3:12 Objective of East India Company - 7:56 List of Nawabs of Bengal - 10:36 What were the conflicts between the Nawab of Bengal and The Company - 11:59 Why Battle of Plassey - 12:50 Robert Clive - 15:06 Puppet Nawabs - 16:52 Why Battle of Buxar - 17:34 Dual system of Administration / Government in Bengal was introduced - 19:23 British acquired Diwani of Bengal - 19:51 Appointment of Wa...
published: 12 May 2017 -
The Anarchy: The relentless rise of the East India Company, with author William Dalrymple
Historian and bestselling author William Dalrymple speaks about his latest book, The Anarchy: The Relentless Rise of the East India Company. This annual lecture is King's Chevening Distinguished Annual Lecture, hosted by The School of Global Affairs and King’s Business School as part of the Chevening Financial Services Leadership Programme. The lecture is chaired by Professor Niraja Jayal, Avantha Chair, King’s India Institute. This lecture took place on 30 May 2022. Chapters: 0:00 - William Dalrymple and his book on corporate excess 3:44 - The rise and fall of the East India Company 19:49 - The EIC’s use of Indian money and capital to take over India 27:33 - The privateering origins of the East India Company 37:22 - The Madras Sepoys and the East India military 45:15 - Subsequent...
published: 13 Jul 2022 -
How a Private Company, Became a World Power - The British East India Company
The longest video, Q&A not included here, I have ever made. Join the Discord: https://discord.gg/historyofeverything Buy a shirt: https://my-store-10073146.creator-spring.com/?_gl=1*183jhkc*_ga*MjkyMTM1NjYwLjE2NDU4MjIzMDY.*_ga_PKGJ770MJQ*MTY5ODY0MjYzMy4xMy4xLjE2OTg2NDMxNTYuMC4wLjA.*_ga_G3GKJFR6Z9*MTY5ODY0MjYzMy45LjEuMTY5ODY0MzE1OC4wLjAuMA..&_ga=2.141657136.32075945.1698642633-292135660.1645822306&_gac=1.180149718.1698642765.Cj0KCQjwhfipBhCqARIsAH9msbkBZJAgrfvyC7uxmBSaoiPJ4FjBTh9LyFX-CLsFy2ZT7Ts9nhicIrMaAmpnEALw_wcB Now I will get around to adding my reference list to this but you have all waited long enough.
published: 18 Nov 2023 -
The British East India Company and the Origins of the American Revolution | James Vaughn
In May 1773, Parliament passed the Tea Act, which instituted a tax of three cents per pound on all British tea sold in America. The act effectively granted a monopoly on the sale of tea in the American colonies to the British East India Company, which was looking to reduce its excessive stores of tea and relieve its financial burdens. To commemorate the 250th anniversary of the Tea Act’s passage, James Vaughn, a historian of the British Empire at the University of Chicago, examines the developments in Britain, British North America and South Asia leading to the passage of the act, and discusses why a relatively mundane piece of parliamentary legislation renewed the imperial crisis and led to the outbreak of the American Revolution. SUBSCRIBE to our channel: https://bit.ly/3DxZnrJ Follow ...
published: 31 May 2023 -
The Dutch East India Company: The Richest Company In The World
#dutcheastindiacompany #voc #history WATCH THIS AND ALL OUR VIDEOS OVER ON SPOTIFY: https://open.spotify.com/show/4ONNqWZ8qsl6DIyIp0uR8s?si=a444627f2aa343d7 CHECK OUT OUR MAP STORE HERE: https://www.redbubble.com/people/MapStory/shop WATCH THIS AND ALL OUR VIDEOS COMPLETELY AD-FREE OVER ON OUR SUBSTACK: https://thisishistory.substack.com/?r=2zq5ao&utm_campaign=pub-share-checklist Visitors to Amsterdam will be familiar with it’s tall, narrow buildings and labyrinth of canals which run past the winding streets with typical Dutch names such as Lindenstraat, Keizersgracht and Damstraat. But away from the well-trodden tourist paths of the city centre, in the eastern district, are some streets with not-so typical Dutch sounding names like Balistraat, Sumatrastraat, and Borneostraat. These a...
published: 12 Mar 2023
15:36
How The East India Company Took Over An Entire Country
- Order: Reorder
- Duration: 15:36
- Uploaded Date: 25 Jan 2023
- views: 812720
#eastindiacompany #history #documentary
WATCH THIS AND ALL OUR VIDEOS OVER ON SPOTIFY: https://open.spotify.com/show/4ONNqWZ8qsl6DIyIp0uR8s?si=a444627f2aa343...
#eastindiacompany #history #documentary
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WATCH THIS AND ALL OUR VIDEOS COMPLETELY AD-FREE OVER ON OUR SUBSTACK: https://thisishistory.substack.com/?r=2zq5ao&utm_campaign=pub-share-checklist
The city of London has been the centre of Britain’s economic and commercial activity for centuries, with many of the largest and wealthiest companies in the world choosing to locate their headquarters in the nation’s capital to this day. However, none of these modern businesses can compare to what was undoubtedly the most powerful multinational corporation the world has ever seen. Established over 400 years ago, the East India Company, from it’s headquarters on Leadenhall Street, would rise from humble beginnings as a trading company for voyages to India; to effectively becoming the de facto state government of the entire sub-continent.
During it’s heyday, the Company would surpass the strength and wealth of even the mightiest nation states, and with it’s own private armies, would push aside the long established native dynasties of India, seizing control of their territories for itself. All this would be achieved by maintaining an iron grip on the most valuable trade routes in the world, which generated staggering amounts of wealth for it’s employees and shareholders. But how did this private corporation come to rule over one of the largest and richest regions on earth in the first place? This is the history of the East India Company.
The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with East Asia. The company seized control of large parts of the Indian subcontinent and colonised parts of Southeast Asia and Hong Kong. At its peak, the company was the largest corporation in the world. The EIC had its own armed forces in the form of the company's three Presidency armies, totalling about 260,000 soldiers, twice the size of the British army at the time. The operations of the company had a profound effect on the global balance of trade, almost single-handedly reversing the trend of eastward drain of Western bullion, seen since Roman times.
Originally chartered as the "Governor and Company of Merchants of London Trading into the East-Indies", the company rose to account for half of the world's trade during the mid-1700s and early 1800s, particularly in basic commodities including cotton, silk, indigo dye, sugar, salt, spices, saltpetre, tea, and opium. The company also ruled the beginnings of the British Empire in India.
The company eventually came to rule large areas of India, exercising military power and assuming administrative functions. Company rule in India effectively began in 1757 after the Battle of Plassey and lasted until 1858. Following the Indian Rebellion of 1857, the Government of India Act 1858 led to the British Crown assuming direct control of India in the form of the new British Raj.
The company subsequently experienced recurring problems with its finances, despite frequent government intervention. It was dissolved in 1874 under the terms of the East India Stock Dividend Redemption Act enacted one year earlier, as the Government of India Act had by then rendered it vestigial, powerless, and obsolete. The official government machinery of the British Raj had assumed its governmental functions and absorbed its armies.
https://wn.com/How_The_East_India_Company_Took_Over_An_Entire_Country
#eastindiacompany #history #documentary
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WATCH THIS AND ALL OUR VIDEOS COMPLETELY AD-FREE OVER ON OUR SUBSTACK: https://thisishistory.substack.com/?r=2zq5ao&utm_campaign=pub-share-checklist
The city of London has been the centre of Britain’s economic and commercial activity for centuries, with many of the largest and wealthiest companies in the world choosing to locate their headquarters in the nation’s capital to this day. However, none of these modern businesses can compare to what was undoubtedly the most powerful multinational corporation the world has ever seen. Established over 400 years ago, the East India Company, from it’s headquarters on Leadenhall Street, would rise from humble beginnings as a trading company for voyages to India; to effectively becoming the de facto state government of the entire sub-continent.
During it’s heyday, the Company would surpass the strength and wealth of even the mightiest nation states, and with it’s own private armies, would push aside the long established native dynasties of India, seizing control of their territories for itself. All this would be achieved by maintaining an iron grip on the most valuable trade routes in the world, which generated staggering amounts of wealth for it’s employees and shareholders. But how did this private corporation come to rule over one of the largest and richest regions on earth in the first place? This is the history of the East India Company.
The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with East Asia. The company seized control of large parts of the Indian subcontinent and colonised parts of Southeast Asia and Hong Kong. At its peak, the company was the largest corporation in the world. The EIC had its own armed forces in the form of the company's three Presidency armies, totalling about 260,000 soldiers, twice the size of the British army at the time. The operations of the company had a profound effect on the global balance of trade, almost single-handedly reversing the trend of eastward drain of Western bullion, seen since Roman times.
Originally chartered as the "Governor and Company of Merchants of London Trading into the East-Indies", the company rose to account for half of the world's trade during the mid-1700s and early 1800s, particularly in basic commodities including cotton, silk, indigo dye, sugar, salt, spices, saltpetre, tea, and opium. The company also ruled the beginnings of the British Empire in India.
The company eventually came to rule large areas of India, exercising military power and assuming administrative functions. Company rule in India effectively began in 1757 after the Battle of Plassey and lasted until 1858. Following the Indian Rebellion of 1857, the Government of India Act 1858 led to the British Crown assuming direct control of India in the form of the new British Raj.
The company subsequently experienced recurring problems with its finances, despite frequent government intervention. It was dissolved in 1874 under the terms of the East India Stock Dividend Redemption Act enacted one year earlier, as the Government of India Act had by then rendered it vestigial, powerless, and obsolete. The official government machinery of the British Raj had assumed its governmental functions and absorbed its armies.
34:02
How East India Company Captured India.
- Order: Reorder
- Duration: 34:02
- Uploaded Date: 14 Aug 2023
- views: 5717383
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---------------------------------
We have all read indian history and its struggle for independence from Britisher Rule.
But how come a corporate company like east india company, which came to trade, eventually captured and exploited the whole of India. How a traditional business of spice trade turned the course of indian history.
How the east india company defeated long reigning emperors and kings to dominate the Indian land. On this independence day, lets dive down in the history again. Lets discuss.
----------------------------------
Reference: https://docs.google.com/document/d/1pWnqpHAdmwOGma8dMC8TDAfjsEXZTvPoFTXaQ58JXtw/edit?usp=sharing
----------------------------------
About the Channel:
Nitish Rajput firmly believes that there are adequate tools available online, and people can be brought together, informed, and educated collectively.
Social media and the Internet have the power to create any narrative but this channel will use the same to curate a healthy, informative narrative that can genuinely benefit people in forming an opinion that is backed by facts and uncompromised information without any bias. Nitish Rajput wants to empower and facilitate people to challenge atrocities and become more vocal about issues plaguing Indian society.
------------------------------------
Book: The Broken Pillars of Democracy by Nitish Rajput
Hindi: https://amzn.to/3EWahol
English: https://amzn.to/3t7ROmJ
-----------------------------------
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Instagram: https://www.instagram.com/nitishrajpute
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https://wn.com/How_East_India_Company_Captured_India.
Get 75% OFF on Seekho Plus’s Monthly subscription!!
Only at Rs 49 instead of Rs 199 🤑🤑
Use my code NR49!
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---------------------------------
We have all read indian history and its struggle for independence from Britisher Rule.
But how come a corporate company like east india company, which came to trade, eventually captured and exploited the whole of India. How a traditional business of spice trade turned the course of indian history.
How the east india company defeated long reigning emperors and kings to dominate the Indian land. On this independence day, lets dive down in the history again. Lets discuss.
----------------------------------
Reference: https://docs.google.com/document/d/1pWnqpHAdmwOGma8dMC8TDAfjsEXZTvPoFTXaQ58JXtw/edit?usp=sharing
----------------------------------
About the Channel:
Nitish Rajput firmly believes that there are adequate tools available online, and people can be brought together, informed, and educated collectively.
Social media and the Internet have the power to create any narrative but this channel will use the same to curate a healthy, informative narrative that can genuinely benefit people in forming an opinion that is backed by facts and uncompromised information without any bias. Nitish Rajput wants to empower and facilitate people to challenge atrocities and become more vocal about issues plaguing Indian society.
------------------------------------
Book: The Broken Pillars of Democracy by Nitish Rajput
Hindi: https://amzn.to/3EWahol
English: https://amzn.to/3t7ROmJ
-----------------------------------
Social Links:
Instagram: https://www.instagram.com/nitishrajpute
Twitter: https://www.twitter.com/nitishrajpute
Facebook: https://www.facebook.com/nitishrajpute
Youtube: https://www.youtube.com/nitishrajput
Second Channel: https://www.youtube.com/@nitishrajputshorts
Website: https://www.nitishrajput.com
------------------------------
Gadgets I use:
Camera:
Canon EOS Link: https://amzn.to/44kihMS
Printer:
HP Link: https://amzn.to/3JTXUib
Camera stands: Jaerb and Innorel
https://amzn.to/46pQkVS
https://amzn.to/46ok1GT
Mouse:
Lenovo: https://amzn.to/3XotDNE
Apple: https://amzn.to/3NM95eO
Lights: Godox
Link: https://amzn.to/3NKV1m2
Laptops:
HP: https://amzn.to/46oCLpW
Macbook: https://amzn.to/42SZQOo
iPad: https://amzn.to/46qG93l
CPU: https://amzn.to/3CKg95u
Softlight: https://amzn.to/3NuaQfg
Phone: https://amzn.to/3r1ti7I
-------------------------
#nitishrajput #nitish
- published: 14 Aug 2023
- views: 5717383
15:40
Capitalism and the Dutch East India Company: Crash Course World History 229
- Order: Reorder
- Duration: 15:40
- Uploaded Date: 19 Mar 2015
- views: 2173281
In which John Green teaches you about the Vereenigde Oostindische Compagnie, doing business as the VOC, also known as the Dutch East India Company. In the 16th ...
In which John Green teaches you 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 all through the pioneering use of corporations and finance. Well, they did also use some traditional methods like violently enforced monopolies, unfair trade agreements, and plain old warfare. You'll learn how the Dutch invented stuff like joint stock corporations, maritime insurance, and futures trading. Basically, how the Dutch East India Company crashed the US economy in 2008. I'm kidding. Or am I?
Citation 1: William J. Bernstein, A Splendid Exchange: How Trade Shaped the World. Grove Press. 2008. p. 218
Citation 2: Stephen R. Bown. Merchant Kings: When Companies Ruled the World, 1600-1900. New York. St. Martin’s Press. 2009. p. 28
Citation 3: Bernstein p. 223
Citation 4: Bernstein p. 228
Citation 5: Bown p. 53
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Want to find Crash Course elsewhere on the internet?
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https://wn.com/Capitalism_And_The_Dutch_East_India_Company_Crash_Course_World_History_229
In which John Green teaches you 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 all through the pioneering use of corporations and finance. Well, they did also use some traditional methods like violently enforced monopolies, unfair trade agreements, and plain old warfare. You'll learn how the Dutch invented stuff like joint stock corporations, maritime insurance, and futures trading. Basically, how the Dutch East India Company crashed the US economy in 2008. I'm kidding. Or am I?
Citation 1: William J. Bernstein, A Splendid Exchange: How Trade Shaped the World. Grove Press. 2008. p. 218
Citation 2: Stephen R. Bown. Merchant Kings: When Companies Ruled the World, 1600-1900. New York. St. Martin’s Press. 2009. p. 28
Citation 3: Bernstein p. 223
Citation 4: Bernstein p. 228
Citation 5: Bown p. 53
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Instagram - https://www.instagram.com/thecrashcourse/
CC Kids: http://www.youtube.com/crashcoursekids
- published: 19 Mar 2015
- views: 2173281
17:57
The Rise and Fall Of The East India Company
- Order: Reorder
- Duration: 17:57
- Uploaded Date: 10 Feb 2024
- views: 94802
Exploitation, political meddling, and military aggression.
I’m not talking about the dictator of a banana republic; I’m talking about a private company whose ...
Exploitation, political meddling, and military aggression.
I’m not talking about the dictator of a banana republic; I’m talking about a private company whose personal army was three times that of the British army. The East India Company sounds like the sort of capitalistic nightmare ripped straight from the pages of a Philipp K Dick novel, but these guys were a real dystopian force.
Their time may be over, but their consequences of their actions shaped the world as we know it. In 1557, a few years before the unofficial Anglo-Spanish War, Francis Drake decided to explore the bank accounts of Spanish settlements in South America. [1] Once he plundered the Spanish colonies, he darted back across the Pacific Ocean, until touching down in the East Indies.
As Drake sails away, the Spanish throw things at him in anger. While travelling through the Molucca Islands he met Sultan Babullah, then ruler of the Sultanate of Ternate – one of the oldest Muslim Kingdoms in Indonesia.
This guy was the greatest of the Sultans having run out the Portuguese occupants. Under his rule, the Sultanate reached its golden peak thanks to his reign of free trade and access to valuable forest resources. [2]
For Francis Drake, the maritime door-to-door salesman, this was the perfect client. After all, both him and the Sultan shared a common enemy with the Portuguese, who were in cahoots with the Spanish.
Drake offered his linens, gold and silver. But let’s call it what it really was, ‘Evil Thing Number 1
So it’s time to understand how history works as tally up the evil crimes of the East India Company.
------
#HowHistoryWorks #History #colonialhistory
Link To My Other Channel: https://www.youtube.com/c/HowMoneyWorks
Written By: Sam
Video Edited 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 sponsors@worksmedia.group
-----
Sources:
1. https://www.historic-uk.com/HistoryUK/HistoryofEngland/Sir-Francis-Drake/
2.https://www.researchgate.net/publication/334134926_THE_STRUGGLE_OF_SULT
AN_BABULLAH_IN_EXPELLING_PORTUGUESE_FROM_NORTH_MALUKU
3. https://www.rmg.co.uk/stories/topics/spanish-armada-history-causes-timeline
4. https://www.britannica.com/money/topic/East-India-Company
5. https://www.history.com/topics/religion/reformation
6. https://www.rmg.co.uk/collections/objects/rmgc-object-14301
7. https://www.jstor.org/stable/2862560
8. https://www.newworldencyclopedia.org/entry/Mughal_Empire
9. https://www.britannica.com/biography/Jahangir
10. https://www.geeksforgeeks.org/anglo-dutch-war/
11. https://www.history.com/topics/european-history/seven-years-war
12. https://www.nam.ac.uk/explore/battle-plassey
13. https://blogs.bl.uk/untoldlives/2012/01/the-east-india-company-slaving-voyage-of-
nicholas-skottowe.html
14. https://bitterwinter.org/great-bengal-famine-1770-taxes-created-a-genocide/
15. https://www.britannica.com/topic/Regulating-Act
16. https://www.lhistoire.fr/english-version/the-indian-uprising-of-1857-and-its-aftermath
https://wn.com/The_Rise_And_Fall_Of_The_East_India_Company
Exploitation, political meddling, and military aggression.
I’m not talking about the dictator of a banana republic; I’m talking about a private company whose personal army was three times that of the British army. The East India Company sounds like the sort of capitalistic nightmare ripped straight from the pages of a Philipp K Dick novel, but these guys were a real dystopian force.
Their time may be over, but their consequences of their actions shaped the world as we know it. In 1557, a few years before the unofficial Anglo-Spanish War, Francis Drake decided to explore the bank accounts of Spanish settlements in South America. [1] Once he plundered the Spanish colonies, he darted back across the Pacific Ocean, until touching down in the East Indies.
As Drake sails away, the Spanish throw things at him in anger. While travelling through the Molucca Islands he met Sultan Babullah, then ruler of the Sultanate of Ternate – one of the oldest Muslim Kingdoms in Indonesia.
This guy was the greatest of the Sultans having run out the Portuguese occupants. Under his rule, the Sultanate reached its golden peak thanks to his reign of free trade and access to valuable forest resources. [2]
For Francis Drake, the maritime door-to-door salesman, this was the perfect client. After all, both him and the Sultan shared a common enemy with the Portuguese, who were in cahoots with the Spanish.
Drake offered his linens, gold and silver. But let’s call it what it really was, ‘Evil Thing Number 1
So it’s time to understand how history works as tally up the evil crimes of the East India Company.
------
#HowHistoryWorks #History #colonialhistory
Link To My Other Channel: https://www.youtube.com/c/HowMoneyWorks
Written By: Sam
Video Edited 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 sponsors@worksmedia.group
-----
Sources:
1. https://www.historic-uk.com/HistoryUK/HistoryofEngland/Sir-Francis-Drake/
2.https://www.researchgate.net/publication/334134926_THE_STRUGGLE_OF_SULT
AN_BABULLAH_IN_EXPELLING_PORTUGUESE_FROM_NORTH_MALUKU
3. https://www.rmg.co.uk/stories/topics/spanish-armada-history-causes-timeline
4. https://www.britannica.com/money/topic/East-India-Company
5. https://www.history.com/topics/religion/reformation
6. https://www.rmg.co.uk/collections/objects/rmgc-object-14301
7. https://www.jstor.org/stable/2862560
8. https://www.newworldencyclopedia.org/entry/Mughal_Empire
9. https://www.britannica.com/biography/Jahangir
10. https://www.geeksforgeeks.org/anglo-dutch-war/
11. https://www.history.com/topics/european-history/seven-years-war
12. https://www.nam.ac.uk/explore/battle-plassey
13. https://blogs.bl.uk/untoldlives/2012/01/the-east-india-company-slaving-voyage-of-
nicholas-skottowe.html
14. https://bitterwinter.org/great-bengal-famine-1770-taxes-created-a-genocide/
15. https://www.britannica.com/topic/Regulating-Act
16. https://www.lhistoire.fr/english-version/the-indian-uprising-of-1857-and-its-aftermath
- published: 10 Feb 2024
- views: 94802
18:35
The Economics of the Dutch East India Company
- Order: Reorder
- Duration: 18:35
- Uploaded Date: 27 Feb 2020
- views: 1014757
This video was made possible by our Patreon community! ❤️
See new videos early, participate in exclusive Q&As, and more!
➡️ https://www.patreon.com/EconomicsExp...
This video was made possible by our Patreon community! ❤️
See new videos early, participate in exclusive Q&As, and more!
➡️ https://www.patreon.com/EconomicsExplained
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Trillion-dollar mega corporations are a very big deal these days. Only about 2 or 3 exist in the modern world and they're primarily tech companies that have achieved this status by capitalizing on cutting edge modern technology (and probably a bit of optimistic speculation). But there is one corporation that has snaked its way through history and may have very well been the largest corporation in history.
This was a company that laid the foundations for modern multinationals and created systems, procedures, and expectations that we take for granted today.
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
📚 Want to learn more about the economics of the Dutch East India Company? We recommend reading "The Anarchy: The East India Company, Corporate Violence, and the Pillage of an Empire ", by William Dalrymple 👉 https://amzn.to/30lHLvH (as an Amazon Associate, we earn from qualifying purchases)
Enjoyed the video? Comment below! 💬
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▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
#Economics #VOC #VideoEssay
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Sources & Citations -
Lucassen, J., 2004. A multinational and its labor force: the Dutch East India Company, 1595–1795. International Labor and Working-Class History
Landwehr, J., 1991. VOC: a bibliography of publications relating to the Dutch East India Company, 1602-1800. Brill Hes & De Graaf.
Van Dyke, P.A., 1997. How and why the Dutch East India Company became competitive in intra-Asian trade in East Asia in the 1630s. Itinerario
Robertson, J. and Funnell, W., 2012. The Dutch East-India Company and accounting for social capital at the dawn of modern capitalism 1602–1623. Accounting, Organizations and Society
Gerstell, D., 1991. Administrative Adaptability: The Dutch East India Company and Its Rise to Power. Journal of Political Economy
Gelderblom, O., De Jong, A. and Jonker, J., 2013. The formative years of the modern corporation: The Dutch East India Company VOC, 1602–1623. The journal of economic history
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
EE Fan Exclusive Offer:
Sign-up for Acorns! 👉 https://www.acorns.com/ee (after registration, Acorns will deposit $5 in your account to help you get started with investing!)
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ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏
Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
The video you’re watching right now would not exist without the monthly support provided by our generous Patrons:
Morgon Goranson, Andy Potanin, Wicked Pilates, Tadeáš Ursíny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas
https://wn.com/The_Economics_Of_The_Dutch_East_India_Company
This video was made possible by our Patreon community! ❤️
See new videos early, participate in exclusive Q&As, and more!
➡️ https://www.patreon.com/EconomicsExplained
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Trillion-dollar mega corporations are a very big deal these days. Only about 2 or 3 exist in the modern world and they're primarily tech companies that have achieved this status by capitalizing on cutting edge modern technology (and probably a bit of optimistic speculation). But there is one corporation that has snaked its way through history and may have very well been the largest corporation in history.
This was a company that laid the foundations for modern multinationals and created systems, procedures, and expectations that we take for granted today.
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
📚 Want to learn more about the economics of the Dutch East India Company? We recommend reading "The Anarchy: The East India Company, Corporate Violence, and the Pillage of an Empire ", by William Dalrymple 👉 https://amzn.to/30lHLvH (as an Amazon Associate, we earn from qualifying purchases)
Enjoyed the video? Comment below! 💬
⭑ Subscribe to Economics Explained 👉 https://bit.ly/sub2ee
⭑ Enjoyed? Hit the like button! 👍
Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g
✉️ Business Enquiries → hello@economicsexplained.com
Follow EE on social media:
Twitter 🐦 → https://twitter.com/EconomicsEx
Facebook → https://www.facebook.com/EconomicsEx
Instagram → https://www.instagram.com/EconomicsEx...
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
#Economics #VOC #VideoEssay
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Sources & Citations -
Lucassen, J., 2004. A multinational and its labor force: the Dutch East India Company, 1595–1795. International Labor and Working-Class History
Landwehr, J., 1991. VOC: a bibliography of publications relating to the Dutch East India Company, 1602-1800. Brill Hes & De Graaf.
Van Dyke, P.A., 1997. How and why the Dutch East India Company became competitive in intra-Asian trade in East Asia in the 1630s. Itinerario
Robertson, J. and Funnell, W., 2012. The Dutch East-India Company and accounting for social capital at the dawn of modern capitalism 1602–1623. Accounting, Organizations and Society
Gerstell, D., 1991. Administrative Adaptability: The Dutch East India Company and Its Rise to Power. Journal of Political Economy
Gelderblom, O., De Jong, A. and Jonker, J., 2013. The formative years of the modern corporation: The Dutch East India Company VOC, 1602–1623. The journal of economic history
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
EE Fan Exclusive Offer:
Sign-up for Acorns! 👉 https://www.acorns.com/ee (after registration, Acorns will deposit $5 in your account to help you get started with investing!)
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏
Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
The video you’re watching right now would not exist without the monthly support provided by our generous Patrons:
Morgon Goranson, Andy Potanin, Wicked Pilates, Tadeáš Ursíny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas
- published: 27 Feb 2020
- views: 1014757
44:16
Crash Course Modern History | British East India Company from 1600 - 1857
- Order: Reorder
- Duration: 44:16
- Uploaded Date: 12 May 2017
- views: 4508670
This is a crash course lecture on Modern History for UPSC Civil Service Prelims and Mains/IAS/SSC CGL/CDSE/NDA exam point of view. We will cover everything the ...
This is a crash course lecture on Modern History for UPSC Civil Service Prelims and Mains/IAS/SSC CGL/CDSE/NDA exam point of view. We will cover everything the British East India Company did (trade to ruling) in the Indian Subcontinent from 1600 to 1857.
**Time Stamp**
List of Mughal Emperors - 1:13
Arrival of European trading companies in India - 2:41
How the British East India Company arrived in India - 3:12
Objective of East India Company - 7:56
List of Nawabs of Bengal - 10:36
What were the conflicts between the Nawab of Bengal and The Company - 11:59
Why Battle of Plassey - 12:50
Robert Clive - 15:06
Puppet Nawabs - 16:52
Why Battle of Buxar - 17:34
Dual system of Administration / Government in Bengal was introduced - 19:23
British acquired Diwani of Bengal - 19:51
Appointment of Warren Hastings as the 1st Governor General of India - 23:44
Warren Hastings Judicial Plan of 1772 - 25:31
First Supreme court in British India was formed - 27:51
Regulating Act of 1773 - 29:00
First Anglo-Mysore War - 29:58
Second Anglo-Mysore War - 30:47
Third Anglo-Mysore War - 31:20
Fourth Anglo-Mysore War - 31:53
Maratha Empire Intro - 33:17
First Anglo-Maratha War - 35:00
Second Anglo-Maratha War - 35:38
Third Anglo-Maratha War - 35:49
Subsidiary Alliance Intro - 37:30
Anglo-Afghan War - 40:10
Anglo-Sikh War - 40:53
Doctrine of Lapse Intro - 41:41
Fill this feedback form for a better learning experience
https://goo.gl/vrYPBw
Click here if you want to subscribe
https://www.youtube.com/user/TheRealSengupta
https://wn.com/Crash_Course_Modern_History_|_British_East_India_Company_From_1600_1857
This is a crash course lecture on Modern History for UPSC Civil Service Prelims and Mains/IAS/SSC CGL/CDSE/NDA exam point of view. We will cover everything the British East India Company did (trade to ruling) in the Indian Subcontinent from 1600 to 1857.
**Time Stamp**
List of Mughal Emperors - 1:13
Arrival of European trading companies in India - 2:41
How the British East India Company arrived in India - 3:12
Objective of East India Company - 7:56
List of Nawabs of Bengal - 10:36
What were the conflicts between the Nawab of Bengal and The Company - 11:59
Why Battle of Plassey - 12:50
Robert Clive - 15:06
Puppet Nawabs - 16:52
Why Battle of Buxar - 17:34
Dual system of Administration / Government in Bengal was introduced - 19:23
British acquired Diwani of Bengal - 19:51
Appointment of Warren Hastings as the 1st Governor General of India - 23:44
Warren Hastings Judicial Plan of 1772 - 25:31
First Supreme court in British India was formed - 27:51
Regulating Act of 1773 - 29:00
First Anglo-Mysore War - 29:58
Second Anglo-Mysore War - 30:47
Third Anglo-Mysore War - 31:20
Fourth Anglo-Mysore War - 31:53
Maratha Empire Intro - 33:17
First Anglo-Maratha War - 35:00
Second Anglo-Maratha War - 35:38
Third Anglo-Maratha War - 35:49
Subsidiary Alliance Intro - 37:30
Anglo-Afghan War - 40:10
Anglo-Sikh War - 40:53
Doctrine of Lapse Intro - 41:41
Fill this feedback form for a better learning experience
https://goo.gl/vrYPBw
Click here if you want to subscribe
https://www.youtube.com/user/TheRealSengupta
- published: 12 May 2017
- views: 4508670
1:28:34
The Anarchy: The relentless rise of the East India Company, with author William Dalrymple
- Order: Reorder
- Duration: 1:28:34
- Uploaded Date: 13 Jul 2022
- views: 120031
Historian and bestselling author William Dalrymple speaks about his latest book, The Anarchy: The Relentless Rise of the East India Company. This annual lecture...
Historian and bestselling author William Dalrymple speaks about his latest book, The Anarchy: The Relentless Rise of the East India Company. This annual lecture is King's Chevening Distinguished Annual Lecture, hosted by The School of Global Affairs and King’s Business School as part of the Chevening Financial Services Leadership Programme.
The lecture is chaired by Professor Niraja Jayal, Avantha Chair, King’s India Institute.
This lecture took place on 30 May 2022.
Chapters:
0:00 - William Dalrymple and his book on corporate excess
3:44 - The rise and fall of the East India Company
19:49 - The EIC’s use of Indian money and capital to take over India
27:33 - The privateering origins of the East India Company
37:22 - The Madras Sepoys and the East India military
45:15 - Subsequent taxing and land assessment of India
54:39 - 1867 and the beginning of the fall of the company
1:00:19 - Contemporary historiography about the East India Company
1:12:28 - Should there be more colonial education in UK systems
1:16:23 - Impacts on the way history is taught and presented in India
1:21:50 - To what extent did state intervention from Great Britain play a role?
https://wn.com/The_Anarchy_The_Relentless_Rise_Of_The_East_India_Company,_With_Author_William_Dalrymple
Historian and bestselling author William Dalrymple speaks about his latest book, The Anarchy: The Relentless Rise of the East India Company. This annual lecture is King's Chevening Distinguished Annual Lecture, hosted by The School of Global Affairs and King’s Business School as part of the Chevening Financial Services Leadership Programme.
The lecture is chaired by Professor Niraja Jayal, Avantha Chair, King’s India Institute.
This lecture took place on 30 May 2022.
Chapters:
0:00 - William Dalrymple and his book on corporate excess
3:44 - The rise and fall of the East India Company
19:49 - The EIC’s use of Indian money and capital to take over India
27:33 - The privateering origins of the East India Company
37:22 - The Madras Sepoys and the East India military
45:15 - Subsequent taxing and land assessment of India
54:39 - 1867 and the beginning of the fall of the company
1:00:19 - Contemporary historiography about the East India Company
1:12:28 - Should there be more colonial education in UK systems
1:16:23 - Impacts on the way history is taught and presented in India
1:21:50 - To what extent did state intervention from Great Britain play a role?
- published: 13 Jul 2022
- views: 120031
41:41
How a Private Company, Became a World Power - The British East India Company
- Order: Reorder
- Duration: 41:41
- Uploaded Date: 18 Nov 2023
- views: 217562
The longest video, Q&A not included here, I have ever made.
Join the Discord: https://discord.gg/historyofeverything
Buy a shirt: https://my-store-10073146.c...
The longest video, Q&A not included here, I have ever made.
Join the Discord: https://discord.gg/historyofeverything
Buy a shirt: https://my-store-10073146.creator-spring.com/?_gl=1*183jhkc*_ga*MjkyMTM1NjYwLjE2NDU4MjIzMDY.*_ga_PKGJ770MJQ*MTY5ODY0MjYzMy4xMy4xLjE2OTg2NDMxNTYuMC4wLjA.*_ga_G3GKJFR6Z9*MTY5ODY0MjYzMy45LjEuMTY5ODY0MzE1OC4wLjAuMA..&_ga=2.141657136.32075945.1698642633-292135660.1645822306&_gac=1.180149718.1698642765.Cj0KCQjwhfipBhCqARIsAH9msbkBZJAgrfvyC7uxmBSaoiPJ4FjBTh9LyFX-CLsFy2ZT7Ts9nhicIrMaAmpnEALw_wcB
Now I will get around to adding my reference list to this but you have all waited long enough.
https://wn.com/How_A_Private_Company,_Became_A_World_Power_The_British_East_India_Company
The longest video, Q&A not included here, I have ever made.
Join the Discord: https://discord.gg/historyofeverything
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Now I will get around to adding my reference list to this but you have all waited long enough.
- published: 18 Nov 2023
- views: 217562
1:16:59
The British East India Company and the Origins of the American Revolution | James Vaughn
- Order: Reorder
- Duration: 1:16:59
- Uploaded Date: 31 May 2023
- views: 231484
In May 1773, Parliament passed the Tea Act, which instituted a tax of three cents per pound on all British tea sold in America. The act effectively granted a mo...
In May 1773, Parliament passed the Tea Act, which instituted a tax of three cents per pound on all British tea sold in America. The act effectively granted a monopoly on the sale of tea in the American colonies to the British East India Company, which was looking to reduce its excessive stores of tea and relieve its financial burdens. To commemorate the 250th anniversary of the Tea Act’s passage, James Vaughn, a historian of the British Empire at the University of Chicago, examines the developments in Britain, British North America and South Asia leading to the passage of the act, and discusses why a relatively mundane piece of parliamentary legislation renewed the imperial crisis and led to the outbreak of the American Revolution.
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https://wn.com/The_British_East_India_Company_And_The_Origins_Of_The_American_Revolution_|_James_Vaughn
In May 1773, Parliament passed the Tea Act, which instituted a tax of three cents per pound on all British tea sold in America. The act effectively granted a monopoly on the sale of tea in the American colonies to the British East India Company, which was looking to reduce its excessive stores of tea and relieve its financial burdens. To commemorate the 250th anniversary of the Tea Act’s passage, James Vaughn, a historian of the British Empire at the University of Chicago, examines the developments in Britain, British North America and South Asia leading to the passage of the act, and discusses why a relatively mundane piece of parliamentary legislation renewed the imperial crisis and led to the outbreak of the American Revolution.
SUBSCRIBE to our channel: https://bit.ly/3DxZnrJ
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- published: 31 May 2023
- views: 231484
15:45
The Dutch East India Company: The Richest Company In The World
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- Duration: 15:45
- Uploaded Date: 12 Mar 2023
- views: 680994
#dutcheastindiacompany #voc #history
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Visitors to Amsterdam will be familiar with it’s tall, narrow buildings and labyrinth of canals which run past the winding streets with typical Dutch names such as Lindenstraat, Keizersgracht and Damstraat. But away from the well-trodden tourist paths of the city centre, in the eastern district, are some streets with not-so typical Dutch sounding names like Balistraat, Sumatrastraat, and Borneostraat. These are situated within what is known locally as the Indian neighbourhood and are named in reference to what was once the Dutch controlled East Indies.
Constituting much of the modern state of Indonesia, these islands came to be ruled by the Netherlands over 7000 miles away, when the Dutch East India Company established itself in the region some 400 years ago and quickly grew to become the richest company the world had ever seen.
Possessing quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, strike its own coins and establish colonies, it is often considered to be the world’s first multinational corporation and one which set the precedent for how modern business and international trade are conducted to this day. But what inspired these Dutch merchants to undertake the lengthy and perilous journey to the far side of the world? This is the history of the Dutch East India Company.
The United East India was a chartered company established on 20 March 1602 by the States General of the Netherlands amalgamating existing companies into the first joint-stock company in the world, granting it a 21-year monopoly to carry out trade activities in Asia. Shares in the company could be bought by any resident of the United Provinces and then subsequently bought and sold in open-air secondary markets (one of which became the Amsterdam Stock Exchange). It is sometimes considered to have been the first multinational corporation. It was a powerful company, possessing quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, strike its own coins, and establish colonies.
Statistically, the VOC eclipsed all of its rivals in the Asia trade. Between 1602 and 1796 the VOC sent almost a million Europeans to work in the Asia trade on 4,785 ships, and netted for their efforts more than 2.5 million tons of Asian trade goods. By contrast, the rest of Europe combined sent only 882,412 people from 1500 to 1795, and the fleet of the English (later British) East India Company, the VOC's nearest competitor, was a distant second to its total traffic with 2,690 ships and a mere one-fifth the tonnage of goods carried by the VOC. The VOC enjoyed huge profits from its spice monopoly through most of the 17th century.
Having been set up in 1602 to profit from the Malukan spice trade, the VOC established a capital in the port city of Jayakarta in 1609 and changed its name to Batavia (now Jakarta). Over the next two centuries the company acquired additional ports as trading bases and safeguarded their interests by taking over surrounding territory. It remained an important trading concern and paid an 18% annual dividend for almost 200 years. Much of the labour that built its colonies was from people it had enslaved.
Weighed down by smuggling, corruption and growing administrative costs in the late 18th century, the company went bankrupt and was formally dissolved in 1799. Its possessions and debt were taken over by the government of the Dutch Batavian Republic. The former territories owned by the VOC went on to become the Dutch East Indies and were expanded over the course of the 19th century to include the entirety of the Indonesian archipelago. In the 20th century, these islands would form the Republic of Indonesia.
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Visitors to Amsterdam will be familiar with it’s tall, narrow buildings and labyrinth of canals which run past the winding streets with typical Dutch names such as Lindenstraat, Keizersgracht and Damstraat. But away from the well-trodden tourist paths of the city centre, in the eastern district, are some streets with not-so typical Dutch sounding names like Balistraat, Sumatrastraat, and Borneostraat. These are situated within what is known locally as the Indian neighbourhood and are named in reference to what was once the Dutch controlled East Indies.
Constituting much of the modern state of Indonesia, these islands came to be ruled by the Netherlands over 7000 miles away, when the Dutch East India Company established itself in the region some 400 years ago and quickly grew to become the richest company the world had ever seen.
Possessing quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, strike its own coins and establish colonies, it is often considered to be the world’s first multinational corporation and one which set the precedent for how modern business and international trade are conducted to this day. But what inspired these Dutch merchants to undertake the lengthy and perilous journey to the far side of the world? This is the history of the Dutch East India Company.
The United East India was a chartered company established on 20 March 1602 by the States General of the Netherlands amalgamating existing companies into the first joint-stock company in the world, granting it a 21-year monopoly to carry out trade activities in Asia. Shares in the company could be bought by any resident of the United Provinces and then subsequently bought and sold in open-air secondary markets (one of which became the Amsterdam Stock Exchange). It is sometimes considered to have been the first multinational corporation. It was a powerful company, possessing quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, strike its own coins, and establish colonies.
Statistically, the VOC eclipsed all of its rivals in the Asia trade. Between 1602 and 1796 the VOC sent almost a million Europeans to work in the Asia trade on 4,785 ships, and netted for their efforts more than 2.5 million tons of Asian trade goods. By contrast, the rest of Europe combined sent only 882,412 people from 1500 to 1795, and the fleet of the English (later British) East India Company, the VOC's nearest competitor, was a distant second to its total traffic with 2,690 ships and a mere one-fifth the tonnage of goods carried by the VOC. The VOC enjoyed huge profits from its spice monopoly through most of the 17th century.
Having been set up in 1602 to profit from the Malukan spice trade, the VOC established a capital in the port city of Jayakarta in 1609 and changed its name to Batavia (now Jakarta). Over the next two centuries the company acquired additional ports as trading bases and safeguarded their interests by taking over surrounding territory. It remained an important trading concern and paid an 18% annual dividend for almost 200 years. Much of the labour that built its colonies was from people it had enslaved.
Weighed down by smuggling, corruption and growing administrative costs in the late 18th century, the company went bankrupt and was formally dissolved in 1799. Its possessions and debt were taken over by the government of the Dutch Batavian Republic. The former territories owned by the VOC went on to become the Dutch East Indies and were expanded over the course of the 19th century to include the entirety of the Indonesian archipelago. In the 20th century, these islands would form the Republic of Indonesia.
- published: 12 Mar 2023
- views: 680994
PLAYLIST TIME:
- 15:36How The East India Company Took Over An Entire Countryremove from playlistshare this video
How The East India Company Took Over An Entire Country
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- published: 25 Jan 2023
- views: 812720
#eastindiacompany #history #documentary WATCH THIS AND ALL OUR VIDEOS OVER ON SPOTIFY: https://open.spotify.com/show/4ONNqWZ8qsl6DIyIp0uR8s?si=a444627f2aa343d7 CHECK OUT OUR MAP STORE HERE: https://www.redbubble.com/people/MapStory/shop WATCH THIS AND ALL OUR VIDEOS COMPLETELY AD-FREE OVER ON OUR SUBSTACK: https://thisishistory.substack.com/?r=2zq5ao&utm_campaign=pub-share-checklist The city of London has been the centre of Britain’s economic and commercial activity for centuries, with many of the largest and wealthiest companies in the world choosing to locate their headquarters in the nation’s capital to this day. However, none of these modern businesses can compare to what was undoubtedly the most powerful multinational corporation the world has ever seen. Established over 400 years ago, the East India Company, from it’s headquarters on Leadenhall Street, would rise from humble beginnings as a trading company for voyages to India; to effectively becoming the de facto state government of the entire sub-continent. During it’s heyday, the Company would surpass the strength and wealth of even the mightiest nation states, and with it’s own private armies, would push aside the long established native dynasties of India, seizing control of their territories for itself. All this would be achieved by maintaining an iron grip on the most valuable trade routes in the world, which generated staggering amounts of wealth for it’s employees and shareholders. But how did this private corporation come to rule over one of the largest and richest regions on earth in the first place? This is the history of the East India Company. The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with East Asia. The company seized control of large parts of the Indian subcontinent and colonised parts of Southeast Asia and Hong Kong. At its peak, the company was the largest corporation in the world. The EIC had its own armed forces in the form of the company's three Presidency armies, totalling about 260,000 soldiers, twice the size of the British army at the time. The operations of the company had a profound effect on the global balance of trade, almost single-handedly reversing the trend of eastward drain of Western bullion, seen since Roman times. Originally chartered as the "Governor and Company of Merchants of London Trading into the East-Indies", the company rose to account for half of the world's trade during the mid-1700s and early 1800s, particularly in basic commodities including cotton, silk, indigo dye, sugar, salt, spices, saltpetre, tea, and opium. The company also ruled the beginnings of the British Empire in India. The company eventually came to rule large areas of India, exercising military power and assuming administrative functions. Company rule in India effectively began in 1757 after the Battle of Plassey and lasted until 1858. Following the Indian Rebellion of 1857, the Government of India Act 1858 led to the British Crown assuming direct control of India in the form of the new British Raj. The company subsequently experienced recurring problems with its finances, despite frequent government intervention. It was dissolved in 1874 under the terms of the East India Stock Dividend Redemption Act enacted one year earlier, as the Government of India Act had by then rendered it vestigial, powerless, and obsolete. The official government machinery of the British Raj had assumed its governmental functions and absorbed its armies. - 34:02How East India Company Captured India.remove from playlistshare this video
How East India Company Captured India.
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- published: 14 Aug 2023
- views: 5717383
Get 75% OFF on Seekho Plus’s Monthly subscription!! Only at Rs 49 instead of Rs 199 🤑🤑 Use my code NR49! Click the link ⬇️ https://applinks.seekhoapp.com/jLCwkjsffova4iwr8 --------------------------------- We have all read indian history and its struggle for independence from Britisher Rule. But how come a corporate company like east india company, which came to trade, eventually captured and exploited the whole of India. How a traditional business of spice trade turned the course of indian history. How the east india company defeated long reigning emperors and kings to dominate the Indian land. On this independence day, lets dive down in the history again. Lets discuss. ---------------------------------- Reference: https://docs.google.com/document/d/1pWnqpHAdmwOGma8dMC8TDAfjsEXZTvPoFTXaQ58JXtw/edit?usp=sharing ---------------------------------- About the Channel: Nitish Rajput firmly believes that there are adequate tools available online, and people can be brought together, informed, and educated collectively. Social media and the Internet have the power to create any narrative but this channel will use the same to curate a healthy, informative narrative that can genuinely benefit people in forming an opinion that is backed by facts and uncompromised information without any bias. Nitish Rajput wants to empower and facilitate people to challenge atrocities and become more vocal about issues plaguing Indian society. ------------------------------------ Book: The Broken Pillars of Democracy by Nitish Rajput Hindi: https://amzn.to/3EWahol English: https://amzn.to/3t7ROmJ ----------------------------------- Social Links: Instagram: https://www.instagram.com/nitishrajpute Twitter: https://www.twitter.com/nitishrajpute Facebook: https://www.facebook.com/nitishrajpute Youtube: https://www.youtube.com/nitishrajput Second Channel: https://www.youtube.com/@nitishrajputshorts Website: https://www.nitishrajput.com ------------------------------ Gadgets I use: Camera: Canon EOS Link: https://amzn.to/44kihMS Printer: HP Link: https://amzn.to/3JTXUib Camera stands: Jaerb and Innorel https://amzn.to/46pQkVS https://amzn.to/46ok1GT Mouse: Lenovo: https://amzn.to/3XotDNE Apple: https://amzn.to/3NM95eO Lights: Godox Link: https://amzn.to/3NKV1m2 Laptops: HP: https://amzn.to/46oCLpW Macbook: https://amzn.to/42SZQOo iPad: https://amzn.to/46qG93l CPU: https://amzn.to/3CKg95u Softlight: https://amzn.to/3NuaQfg Phone: https://amzn.to/3r1ti7I ------------------------- #nitishrajput #nitish - 15:40Capitalism and the Dutch East India Company: Crash Course World History 229remove from playlistshare this video
Capitalism and the Dutch East India Company: Crash Course World History 229
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- published: 19 Mar 2015
- views: 2173281
In which John Green teaches you 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 all through the pioneering use of corporations and finance. Well, they did also use some traditional methods like violently enforced monopolies, unfair trade agreements, and plain old warfare. You'll learn how the Dutch invented stuff like joint stock corporations, maritime insurance, and futures trading. Basically, how the Dutch East India Company crashed the US economy in 2008. I'm kidding. Or am I? Citation 1: William J. Bernstein, A Splendid Exchange: How Trade Shaped the World. Grove Press. 2008. p. 218 Citation 2: Stephen R. Bown. Merchant Kings: When Companies Ruled the World, 1600-1900. New York. St. Martin’s Press. 2009. p. 28 Citation 3: Bernstein p. 223 Citation 4: Bernstein p. 228 Citation 5: Bown p. 53 Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Instagram - https://www.instagram.com/thecrashcourse/ CC Kids: http://www.youtube.com/crashcoursekids - 17:57The Rise and Fall Of The East India Companyremove from playlistshare this video
The Rise and Fall Of The East India Company
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- published: 10 Feb 2024
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Exploitation, political meddling, and military aggression. I’m not talking about the dictator of a banana republic; I’m talking about a private company whose personal army was three times that of the British army. The East India Company sounds like the sort of capitalistic nightmare ripped straight from the pages of a Philipp K Dick novel, but these guys were a real dystopian force. Their time may be over, but their consequences of their actions shaped the world as we know it. In 1557, a few years before the unofficial Anglo-Spanish War, Francis Drake decided to explore the bank accounts of Spanish settlements in South America. [1] Once he plundered the Spanish colonies, he darted back across the Pacific Ocean, until touching down in the East Indies. As Drake sails away, the Spanish throw things at him in anger. While travelling through the Molucca Islands he met Sultan Babullah, then ruler of the Sultanate of Ternate – one of the oldest Muslim Kingdoms in Indonesia. This guy was the greatest of the Sultans having run out the Portuguese occupants. Under his rule, the Sultanate reached its golden peak thanks to his reign of free trade and access to valuable forest resources. [2] For Francis Drake, the maritime door-to-door salesman, this was the perfect client. After all, both him and the Sultan shared a common enemy with the Portuguese, who were in cahoots with the Spanish. Drake offered his linens, gold and silver. But let’s call it what it really was, ‘Evil Thing Number 1 So it’s time to understand how history works as tally up the evil crimes of the East India Company. ------ #HowHistoryWorks #History #colonialhistory Link To My Other Channel: https://www.youtube.com/c/HowMoneyWorks Written By: Sam Video Edited 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 sponsors@worksmedia.group ----- Sources: 1. https://www.historic-uk.com/HistoryUK/HistoryofEngland/Sir-Francis-Drake/ 2.https://www.researchgate.net/publication/334134926_THE_STRUGGLE_OF_SULT AN_BABULLAH_IN_EXPELLING_PORTUGUESE_FROM_NORTH_MALUKU 3. https://www.rmg.co.uk/stories/topics/spanish-armada-history-causes-timeline 4. https://www.britannica.com/money/topic/East-India-Company 5. https://www.history.com/topics/religion/reformation 6. https://www.rmg.co.uk/collections/objects/rmgc-object-14301 7. https://www.jstor.org/stable/2862560 8. https://www.newworldencyclopedia.org/entry/Mughal_Empire 9. https://www.britannica.com/biography/Jahangir 10. https://www.geeksforgeeks.org/anglo-dutch-war/ 11. https://www.history.com/topics/european-history/seven-years-war 12. https://www.nam.ac.uk/explore/battle-plassey 13. https://blogs.bl.uk/untoldlives/2012/01/the-east-india-company-slaving-voyage-of- nicholas-skottowe.html 14. https://bitterwinter.org/great-bengal-famine-1770-taxes-created-a-genocide/ 15. https://www.britannica.com/topic/Regulating-Act 16. https://www.lhistoire.fr/english-version/the-indian-uprising-of-1857-and-its-aftermath - 18:35The Economics of the Dutch East India Companyremove from playlistshare this video
The Economics of the Dutch East India Company
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- published: 27 Feb 2020
- views: 1014757
This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Trillion-dollar mega corporations are a very big deal these days. Only about 2 or 3 exist in the modern world and they're primarily tech companies that have achieved this status by capitalizing on cutting edge modern technology (and probably a bit of optimistic speculation). But there is one corporation that has snaked its way through history and may have very well been the largest corporation in history. This was a company that laid the foundations for modern multinationals and created systems, procedures, and expectations that we take for granted today. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ 📚 Want to learn more about the economics of the Dutch East India Company? We recommend reading "The Anarchy: The East India Company, Corporate Violence, and the Pillage of an Empire ", by William Dalrymple 👉 https://amzn.to/30lHLvH (as an Amazon Associate, we earn from qualifying purchases) Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics Explained 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → hello@economicsexplained.com Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsEx... ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ #Economics #VOC #VideoEssay ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Sources & Citations - Lucassen, J., 2004. A multinational and its labor force: the Dutch East India Company, 1595–1795. International Labor and Working-Class History Landwehr, J., 1991. VOC: a bibliography of publications relating to the Dutch East India Company, 1602-1800. Brill Hes & De Graaf. Van Dyke, P.A., 1997. How and why the Dutch East India Company became competitive in intra-Asian trade in East Asia in the 1630s. Itinerario Robertson, J. and Funnell, W., 2012. The Dutch East-India Company and accounting for social capital at the dawn of modern capitalism 1602–1623. Accounting, Organizations and Society Gerstell, D., 1991. Administrative Adaptability: The Dutch East India Company and Its Rise to Power. Journal of Political Economy Gelderblom, O., De Jong, A. and Jonker, J., 2013. The formative years of the modern corporation: The Dutch East India Company VOC, 1602–1623. The journal of economic history ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ EE Fan Exclusive Offer: Sign-up for Acorns! 👉 https://www.acorns.com/ee (after registration, Acorns will deposit $5 in your account to help you get started with investing!) ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained The video you’re watching right now would not exist without the monthly support provided by our generous Patrons: Morgon Goranson, Andy Potanin, Wicked Pilates, Tadeáš Ursíny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas - 44:16Crash Course Modern History | British East India Company from 1600 - 1857remove from playlistshare this video
Crash Course Modern History | British East India Company from 1600 - 1857
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- published: 12 May 2017
- views: 4508670
This is a crash course lecture on Modern History for UPSC Civil Service Prelims and Mains/IAS/SSC CGL/CDSE/NDA exam point of view. We will cover everything the British East India Company did (trade to ruling) in the Indian Subcontinent from 1600 to 1857. **Time Stamp** List of Mughal Emperors - 1:13 Arrival of European trading companies in India - 2:41 How the British East India Company arrived in India - 3:12 Objective of East India Company - 7:56 List of Nawabs of Bengal - 10:36 What were the conflicts between the Nawab of Bengal and The Company - 11:59 Why Battle of Plassey - 12:50 Robert Clive - 15:06 Puppet Nawabs - 16:52 Why Battle of Buxar - 17:34 Dual system of Administration / Government in Bengal was introduced - 19:23 British acquired Diwani of Bengal - 19:51 Appointment of Warren Hastings as the 1st Governor General of India - 23:44 Warren Hastings Judicial Plan of 1772 - 25:31 First Supreme court in British India was formed - 27:51 Regulating Act of 1773 - 29:00 First Anglo-Mysore War - 29:58 Second Anglo-Mysore War - 30:47 Third Anglo-Mysore War - 31:20 Fourth Anglo-Mysore War - 31:53 Maratha Empire Intro - 33:17 First Anglo-Maratha War - 35:00 Second Anglo-Maratha War - 35:38 Third Anglo-Maratha War - 35:49 Subsidiary Alliance Intro - 37:30 Anglo-Afghan War - 40:10 Anglo-Sikh War - 40:53 Doctrine of Lapse Intro - 41:41 Fill this feedback form for a better learning experience https://goo.gl/vrYPBw Click here if you want to subscribe https://www.youtube.com/user/TheRealSengupta - 1:28:34The Anarchy: The relentless rise of the East India Company, with author William Dalrympleremove from playlistshare this video
The Anarchy: The relentless rise of the East India Company, with author William Dalrymple
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- published: 13 Jul 2022
- views: 120031
Historian and bestselling author William Dalrymple speaks about his latest book, The Anarchy: The Relentless Rise of the East India Company. This annual lecture is King's Chevening Distinguished Annual Lecture, hosted by The School of Global Affairs and King’s Business School as part of the Chevening Financial Services Leadership Programme. The lecture is chaired by Professor Niraja Jayal, Avantha Chair, King’s India Institute. This lecture took place on 30 May 2022. Chapters: 0:00 - William Dalrymple and his book on corporate excess 3:44 - The rise and fall of the East India Company 19:49 - The EIC’s use of Indian money and capital to take over India 27:33 - The privateering origins of the East India Company 37:22 - The Madras Sepoys and the East India military 45:15 - Subsequent taxing and land assessment of India 54:39 - 1867 and the beginning of the fall of the company 1:00:19 - Contemporary historiography about the East India Company 1:12:28 - Should there be more colonial education in UK systems 1:16:23 - Impacts on the way history is taught and presented in India 1:21:50 - To what extent did state intervention from Great Britain play a role? - 41:41How a Private Company, Became a World Power - The British East India Companyremove from playlistshare this video
How a Private Company, Became a World Power - The British East India Company
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- published: 18 Nov 2023
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The longest video, Q&A not included here, I have ever made. Join the Discord: https://discord.gg/historyofeverything Buy a shirt: https://my-store-10073146.creator-spring.com/?_gl=1*183jhkc*_ga*MjkyMTM1NjYwLjE2NDU4MjIzMDY.*_ga_PKGJ770MJQ*MTY5ODY0MjYzMy4xMy4xLjE2OTg2NDMxNTYuMC4wLjA.*_ga_G3GKJFR6Z9*MTY5ODY0MjYzMy45LjEuMTY5ODY0MzE1OC4wLjAuMA..&_ga=2.141657136.32075945.1698642633-292135660.1645822306&_gac=1.180149718.1698642765.Cj0KCQjwhfipBhCqARIsAH9msbkBZJAgrfvyC7uxmBSaoiPJ4FjBTh9LyFX-CLsFy2ZT7Ts9nhicIrMaAmpnEALw_wcB Now I will get around to adding my reference list to this but you have all waited long enough. - 1:16:59The British East India Company and the Origins of the American Revolution | James Vaughnremove from playlistshare this video
The British East India Company and the Origins of the American Revolution | James Vaughn
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- published: 31 May 2023
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In May 1773, Parliament passed the Tea Act, which instituted a tax of three cents per pound on all British tea sold in America. The act effectively granted a monopoly on the sale of tea in the American colonies to the British East India Company, which was looking to reduce its excessive stores of tea and relieve its financial burdens. To commemorate the 250th anniversary of the Tea Act’s passage, James Vaughn, a historian of the British Empire at the University of Chicago, examines the developments in Britain, British North America and South Asia leading to the passage of the act, and discusses why a relatively mundane piece of parliamentary legislation renewed the imperial crisis and led to the outbreak of the American Revolution. SUBSCRIBE to our channel: https://bit.ly/3DxZnrJ Follow us on social media: Facebook: https://www.facebook.com/AmericanRevo... Instagram: https://www.instagram.com/americanrev... Twitter: https://twitter.com/AmRevInstitute Stay updated by joining our mailing list: https://bit.ly/3TpfhdL Become an Associate of the American Revolution Institute: https://bit.ly/3Bonuqp Visit our website: www.americanrevolutioninstitute.org Learn more and explore future and past programs: www.americanrevolutioninstitute.org/events #amrevinstitute - 15:45The Dutch East India Company: The Richest Company In The Worldremove from playlistshare this video
The Dutch East India Company: The Richest Company In The World
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- published: 12 Mar 2023
- views: 680994
#dutcheastindiacompany #voc #history WATCH THIS AND ALL OUR VIDEOS OVER ON SPOTIFY: https://open.spotify.com/show/4ONNqWZ8qsl6DIyIp0uR8s?si=a444627f2aa343d7 CHECK OUT OUR MAP STORE HERE: https://www.redbubble.com/people/MapStory/shop WATCH THIS AND ALL OUR VIDEOS COMPLETELY AD-FREE OVER ON OUR SUBSTACK: https://thisishistory.substack.com/?r=2zq5ao&utm_campaign=pub-share-checklist Visitors to Amsterdam will be familiar with it’s tall, narrow buildings and labyrinth of canals which run past the winding streets with typical Dutch names such as Lindenstraat, Keizersgracht and Damstraat. But away from the well-trodden tourist paths of the city centre, in the eastern district, are some streets with not-so typical Dutch sounding names like Balistraat, Sumatrastraat, and Borneostraat. These are situated within what is known locally as the Indian neighbourhood and are named in reference to what was once the Dutch controlled East Indies. Constituting much of the modern state of Indonesia, these islands came to be ruled by the Netherlands over 7000 miles away, when the Dutch East India Company established itself in the region some 400 years ago and quickly grew to become the richest company the world had ever seen. Possessing quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, strike its own coins and establish colonies, it is often considered to be the world’s first multinational corporation and one which set the precedent for how modern business and international trade are conducted to this day. But what inspired these Dutch merchants to undertake the lengthy and perilous journey to the far side of the world? This is the history of the Dutch East India Company. The United East India was a chartered company established on 20 March 1602 by the States General of the Netherlands amalgamating existing companies into the first joint-stock company in the world, granting it a 21-year monopoly to carry out trade activities in Asia. Shares in the company could be bought by any resident of the United Provinces and then subsequently bought and sold in open-air secondary markets (one of which became the Amsterdam Stock Exchange). It is sometimes considered to have been the first multinational corporation. It was a powerful company, possessing quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, strike its own coins, and establish colonies. Statistically, the VOC eclipsed all of its rivals in the Asia trade. Between 1602 and 1796 the VOC sent almost a million Europeans to work in the Asia trade on 4,785 ships, and netted for their efforts more than 2.5 million tons of Asian trade goods. By contrast, the rest of Europe combined sent only 882,412 people from 1500 to 1795, and the fleet of the English (later British) East India Company, the VOC's nearest competitor, was a distant second to its total traffic with 2,690 ships and a mere one-fifth the tonnage of goods carried by the VOC. The VOC enjoyed huge profits from its spice monopoly through most of the 17th century. Having been set up in 1602 to profit from the Malukan spice trade, the VOC established a capital in the port city of Jayakarta in 1609 and changed its name to Batavia (now Jakarta). Over the next two centuries the company acquired additional ports as trading bases and safeguarded their interests by taking over surrounding territory. It remained an important trading concern and paid an 18% annual dividend for almost 200 years. Much of the labour that built its colonies was from people it had enslaved. Weighed down by smuggling, corruption and growing administrative costs in the late 18th century, the company went bankrupt and was formally dissolved in 1799. Its possessions and debt were taken over by the government of the Dutch Batavian Republic. The former territories owned by the VOC went on to become the Dutch East Indies and were expanded over the course of the 19th century to include the entirety of the Indonesian archipelago. In the 20th century, these islands would form the Republic of Indonesia.
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How The East India Company Took Over An Entire Country
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- published: 25 Jan 2023
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#eastindiacompany #history #documentary
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The city of London has been the centre of Britain’s economic and commercial activity for centuries, with many of the largest and wealthiest companies in the world choosing to locate their headquarters in the nation’s capital to this day. However, none of these modern businesses can compare to what was undoubtedly the most powerful multinational corporation the world has ever seen. Established over 400 years ago, the East India Company, from it’s headquarters on Leadenhall Street, would rise from humble beginnings as a trading company for voyages to India; to effectively becoming the de facto state government of the entire sub-continent.
During it’s heyday, the Company would surpass the strength and wealth of even the mightiest nation states, and with it’s own private armies, would push aside the long established native dynasties of India, seizing control of their territories for itself. All this would be achieved by maintaining an iron grip on the most valuable trade routes in the world, which generated staggering amounts of wealth for it’s employees and shareholders. But how did this private corporation come to rule over one of the largest and richest regions on earth in the first place? This is the history of the East India Company.
The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with East Asia. The company seized control of large parts of the Indian subcontinent and colonised parts of Southeast Asia and Hong Kong. At its peak, the company was the largest corporation in the world. The EIC had its own armed forces in the form of the company's three Presidency armies, totalling about 260,000 soldiers, twice the size of the British army at the time. The operations of the company had a profound effect on the global balance of trade, almost single-handedly reversing the trend of eastward drain of Western bullion, seen since Roman times.
Originally chartered as the "Governor and Company of Merchants of London Trading into the East-Indies", the company rose to account for half of the world's trade during the mid-1700s and early 1800s, particularly in basic commodities including cotton, silk, indigo dye, sugar, salt, spices, saltpetre, tea, and opium. The company also ruled the beginnings of the British Empire in India.
The company eventually came to rule large areas of India, exercising military power and assuming administrative functions. Company rule in India effectively began in 1757 after the Battle of Plassey and lasted until 1858. Following the Indian Rebellion of 1857, the Government of India Act 1858 led to the British Crown assuming direct control of India in the form of the new British Raj.
The company subsequently experienced recurring problems with its finances, despite frequent government intervention. It was dissolved in 1874 under the terms of the East India Stock Dividend Redemption Act enacted one year earlier, as the Government of India Act had by then rendered it vestigial, powerless, and obsolete. The official government machinery of the British Raj had assumed its governmental functions and absorbed its armies.
15:36
How The East India Company Took Over An Entire Country
#eastindiacompany #history #documentary
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published: 25 Jan 2023
How The East India Company Took Over An Entire Country
How The East India Company Took Over An Entire Country
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- published: 25 Jan 2023
- views: 812720
#eastindiacompany #history #documentary
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The city of London has been the centre of Britain’s economic and commercial activity for centuries, with many of the largest and wealthiest companies in the world choosing to locate their headquarters in the nation’s capital to this day. However, none of these modern businesses can compare to what was undoubtedly the most powerful multinational corporation the world has ever seen. Established over 400 years ago, the East India Company, from it’s headquarters on Leadenhall Street, would rise from humble beginnings as a trading company for voyages to India; to effectively becoming the de facto state government of the entire sub-continent.
During it’s heyday, the Company would surpass the strength and wealth of even the mightiest nation states, and with it’s own private armies, would push aside the long established native dynasties of India, seizing control of their territories for itself. All this would be achieved by maintaining an iron grip on the most valuable trade routes in the world, which generated staggering amounts of wealth for it’s employees and shareholders. But how did this private corporation come to rule over one of the largest and richest regions on earth in the first place? This is the history of the East India Company.
The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with East Asia. The company seized control of large parts of the Indian subcontinent and colonised parts of Southeast Asia and Hong Kong. At its peak, the company was the largest corporation in the world. The EIC had its own armed forces in the form of the company's three Presidency armies, totalling about 260,000 soldiers, twice the size of the British army at the time. The operations of the company had a profound effect on the global balance of trade, almost single-handedly reversing the trend of eastward drain of Western bullion, seen since Roman times.
Originally chartered as the "Governor and Company of Merchants of London Trading into the East-Indies", the company rose to account for half of the world's trade during the mid-1700s and early 1800s, particularly in basic commodities including cotton, silk, indigo dye, sugar, salt, spices, saltpetre, tea, and opium. The company also ruled the beginnings of the British Empire in India.
The company eventually came to rule large areas of India, exercising military power and assuming administrative functions. Company rule in India effectively began in 1757 after the Battle of Plassey and lasted until 1858. Following the Indian Rebellion of 1857, the Government of India Act 1858 led to the British Crown assuming direct control of India in the form of the new British Raj.
The company subsequently experienced recurring problems with its finances, despite frequent government intervention. It was dissolved in 1874 under the terms of the East India Stock Dividend Redemption Act enacted one year earlier, as the Government of India Act had by then rendered it vestigial, powerless, and obsolete. The official government machinery of the British Raj had assumed its governmental functions and absorbed its armies.
34:02
How East India Company Captured India.
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published: 14 Aug 2023
How East India Company Captured India.
How East India Company Captured India.
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We have all read indian history and its struggle for independence from Britisher Rule.
But how come a corporate company like east india company, which came to trade, eventually captured and exploited the whole of India. How a traditional business of spice trade turned the course of indian history.
How the east india company defeated long reigning emperors and kings to dominate the Indian land. On this independence day, lets dive down in the history again. Lets discuss.
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Reference: https://docs.google.com/document/d/1pWnqpHAdmwOGma8dMC8TDAfjsEXZTvPoFTXaQ58JXtw/edit?usp=sharing
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15:40
Capitalism and the Dutch East India Company: Crash Course World History 229
In which John Green teaches you about the Vereenigde Oostindische Compagnie, doing busines...
published: 19 Mar 2015
Capitalism and the Dutch East India Company: Crash Course World History 229
Capitalism and the Dutch East India Company: Crash Course World History 229
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- published: 19 Mar 2015
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In which John Green teaches you 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 all through the pioneering use of corporations and finance. Well, they did also use some traditional methods like violently enforced monopolies, unfair trade agreements, and plain old warfare. You'll learn how the Dutch invented stuff like joint stock corporations, maritime insurance, and futures trading. Basically, how the Dutch East India Company crashed the US economy in 2008. I'm kidding. Or am I?
Citation 1: William J. Bernstein, A Splendid Exchange: How Trade Shaped the World. Grove Press. 2008. p. 218
Citation 2: Stephen R. Bown. Merchant Kings: When Companies Ruled the World, 1600-1900. New York. St. Martin’s Press. 2009. p. 28
Citation 3: Bernstein p. 223
Citation 4: Bernstein p. 228
Citation 5: Bown p. 53
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17:57
The Rise and Fall Of The East India Company
Exploitation, political meddling, and military aggression.
I’m not talking about the dic...
published: 10 Feb 2024
The Rise and Fall Of The East India Company
The Rise and Fall Of The East India Company
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Exploitation, political meddling, and military aggression.
I’m not talking about the dictator of a banana republic; I’m talking about a private company whose personal army was three times that of the British army. The East India Company sounds like the sort of capitalistic nightmare ripped straight from the pages of a Philipp K Dick novel, but these guys were a real dystopian force.
Their time may be over, but their consequences of their actions shaped the world as we know it. In 1557, a few years before the unofficial Anglo-Spanish War, Francis Drake decided to explore the bank accounts of Spanish settlements in South America. [1] Once he plundered the Spanish colonies, he darted back across the Pacific Ocean, until touching down in the East Indies.
As Drake sails away, the Spanish throw things at him in anger. While travelling through the Molucca Islands he met Sultan Babullah, then ruler of the Sultanate of Ternate – one of the oldest Muslim Kingdoms in Indonesia.
This guy was the greatest of the Sultans having run out the Portuguese occupants. Under his rule, the Sultanate reached its golden peak thanks to his reign of free trade and access to valuable forest resources. [2]
For Francis Drake, the maritime door-to-door salesman, this was the perfect client. After all, both him and the Sultan shared a common enemy with the Portuguese, who were in cahoots with the Spanish.
Drake offered his linens, gold and silver. But let’s call it what it really was, ‘Evil Thing Number 1
So it’s time to understand how history works as tally up the evil crimes of the East India Company.
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Sources:
1. https://www.historic-uk.com/HistoryUK/HistoryofEngland/Sir-Francis-Drake/
2.https://www.researchgate.net/publication/334134926_THE_STRUGGLE_OF_SULT
AN_BABULLAH_IN_EXPELLING_PORTUGUESE_FROM_NORTH_MALUKU
3. https://www.rmg.co.uk/stories/topics/spanish-armada-history-causes-timeline
4. https://www.britannica.com/money/topic/East-India-Company
5. https://www.history.com/topics/religion/reformation
6. https://www.rmg.co.uk/collections/objects/rmgc-object-14301
7. https://www.jstor.org/stable/2862560
8. https://www.newworldencyclopedia.org/entry/Mughal_Empire
9. https://www.britannica.com/biography/Jahangir
10. https://www.geeksforgeeks.org/anglo-dutch-war/
11. https://www.history.com/topics/european-history/seven-years-war
12. https://www.nam.ac.uk/explore/battle-plassey
13. https://blogs.bl.uk/untoldlives/2012/01/the-east-india-company-slaving-voyage-of-
nicholas-skottowe.html
14. https://bitterwinter.org/great-bengal-famine-1770-taxes-created-a-genocide/
15. https://www.britannica.com/topic/Regulating-Act
16. https://www.lhistoire.fr/english-version/the-indian-uprising-of-1857-and-its-aftermath
18:35
The Economics of the Dutch East India Company
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published: 27 Feb 2020
The Economics of the Dutch East India Company
The Economics of the Dutch East India Company
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Trillion-dollar mega corporations are a very big deal these days. Only about 2 or 3 exist in the modern world and they're primarily tech companies that have achieved this status by capitalizing on cutting edge modern technology (and probably a bit of optimistic speculation). But there is one corporation that has snaked its way through history and may have very well been the largest corporation in history.
This was a company that laid the foundations for modern multinationals and created systems, procedures, and expectations that we take for granted today.
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📚 Want to learn more about the economics of the Dutch East India Company? We recommend reading "The Anarchy: The East India Company, Corporate Violence, and the Pillage of an Empire ", by William Dalrymple 👉 https://amzn.to/30lHLvH (as an Amazon Associate, we earn from qualifying purchases)
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Sources & Citations -
Lucassen, J., 2004. A multinational and its labor force: the Dutch East India Company, 1595–1795. International Labor and Working-Class History
Landwehr, J., 1991. VOC: a bibliography of publications relating to the Dutch East India Company, 1602-1800. Brill Hes & De Graaf.
Van Dyke, P.A., 1997. How and why the Dutch East India Company became competitive in intra-Asian trade in East Asia in the 1630s. Itinerario
Robertson, J. and Funnell, W., 2012. The Dutch East-India Company and accounting for social capital at the dawn of modern capitalism 1602–1623. Accounting, Organizations and Society
Gerstell, D., 1991. Administrative Adaptability: The Dutch East India Company and Its Rise to Power. Journal of Political Economy
Gelderblom, O., De Jong, A. and Jonker, J., 2013. The formative years of the modern corporation: The Dutch East India Company VOC, 1602–1623. The journal of economic history
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44:16
Crash Course Modern History | British East India Company from 1600 - 1857
This is a crash course lecture on Modern History for UPSC Civil Service Prelims and Mains/...
published: 12 May 2017
Crash Course Modern History | British East India Company from 1600 - 1857
Crash Course Modern History | British East India Company from 1600 - 1857
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This is a crash course lecture on Modern History for UPSC Civil Service Prelims and Mains/IAS/SSC CGL/CDSE/NDA exam point of view. We will cover everything the British East India Company did (trade to ruling) in the Indian Subcontinent from 1600 to 1857.
**Time Stamp**
List of Mughal Emperors - 1:13
Arrival of European trading companies in India - 2:41
How the British East India Company arrived in India - 3:12
Objective of East India Company - 7:56
List of Nawabs of Bengal - 10:36
What were the conflicts between the Nawab of Bengal and The Company - 11:59
Why Battle of Plassey - 12:50
Robert Clive - 15:06
Puppet Nawabs - 16:52
Why Battle of Buxar - 17:34
Dual system of Administration / Government in Bengal was introduced - 19:23
British acquired Diwani of Bengal - 19:51
Appointment of Warren Hastings as the 1st Governor General of India - 23:44
Warren Hastings Judicial Plan of 1772 - 25:31
First Supreme court in British India was formed - 27:51
Regulating Act of 1773 - 29:00
First Anglo-Mysore War - 29:58
Second Anglo-Mysore War - 30:47
Third Anglo-Mysore War - 31:20
Fourth Anglo-Mysore War - 31:53
Maratha Empire Intro - 33:17
First Anglo-Maratha War - 35:00
Second Anglo-Maratha War - 35:38
Third Anglo-Maratha War - 35:49
Subsidiary Alliance Intro - 37:30
Anglo-Afghan War - 40:10
Anglo-Sikh War - 40:53
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1:28:34
The Anarchy: The relentless rise of the East India Company, with author William Dalrymple
Historian and bestselling author William Dalrymple speaks about his latest book, The Anarc...
published: 13 Jul 2022
The Anarchy: The relentless rise of the East India Company, with author William Dalrymple
The Anarchy: The relentless rise of the East India Company, with author William Dalrymple
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- published: 13 Jul 2022
- views: 120031
Historian and bestselling author William Dalrymple speaks about his latest book, The Anarchy: The Relentless Rise of the East India Company. This annual lecture is King's Chevening Distinguished Annual Lecture, hosted by The School of Global Affairs and King’s Business School as part of the Chevening Financial Services Leadership Programme.
The lecture is chaired by Professor Niraja Jayal, Avantha Chair, King’s India Institute.
This lecture took place on 30 May 2022.
Chapters:
0:00 - William Dalrymple and his book on corporate excess
3:44 - The rise and fall of the East India Company
19:49 - The EIC’s use of Indian money and capital to take over India
27:33 - The privateering origins of the East India Company
37:22 - The Madras Sepoys and the East India military
45:15 - Subsequent taxing and land assessment of India
54:39 - 1867 and the beginning of the fall of the company
1:00:19 - Contemporary historiography about the East India Company
1:12:28 - Should there be more colonial education in UK systems
1:16:23 - Impacts on the way history is taught and presented in India
1:21:50 - To what extent did state intervention from Great Britain play a role?
41:41
How a Private Company, Became a World Power - The British East India Company
The longest video, Q&A not included here, I have ever made.
Join the Discord: https://di...
published: 18 Nov 2023
How a Private Company, Became a World Power - The British East India Company
How a Private Company, Became a World Power - The British East India Company
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- published: 18 Nov 2023
- views: 217562
The longest video, Q&A not included here, I have ever made.
Join the Discord: https://discord.gg/historyofeverything
Buy a shirt: https://my-store-10073146.creator-spring.com/?_gl=1*183jhkc*_ga*MjkyMTM1NjYwLjE2NDU4MjIzMDY.*_ga_PKGJ770MJQ*MTY5ODY0MjYzMy4xMy4xLjE2OTg2NDMxNTYuMC4wLjA.*_ga_G3GKJFR6Z9*MTY5ODY0MjYzMy45LjEuMTY5ODY0MzE1OC4wLjAuMA..&_ga=2.141657136.32075945.1698642633-292135660.1645822306&_gac=1.180149718.1698642765.Cj0KCQjwhfipBhCqARIsAH9msbkBZJAgrfvyC7uxmBSaoiPJ4FjBTh9LyFX-CLsFy2ZT7Ts9nhicIrMaAmpnEALw_wcB
Now I will get around to adding my reference list to this but you have all waited long enough.
1:16:59
The British East India Company and the Origins of the American Revolution | James Vaughn
In May 1773, Parliament passed the Tea Act, which instituted a tax of three cents per poun...
published: 31 May 2023
The British East India Company and the Origins of the American Revolution | James Vaughn
The British East India Company and the Origins of the American Revolution | James Vaughn
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- published: 31 May 2023
- views: 231484
In May 1773, Parliament passed the Tea Act, which instituted a tax of three cents per pound on all British tea sold in America. The act effectively granted a monopoly on the sale of tea in the American colonies to the British East India Company, which was looking to reduce its excessive stores of tea and relieve its financial burdens. To commemorate the 250th anniversary of the Tea Act’s passage, James Vaughn, a historian of the British Empire at the University of Chicago, examines the developments in Britain, British North America and South Asia leading to the passage of the act, and discusses why a relatively mundane piece of parliamentary legislation renewed the imperial crisis and led to the outbreak of the American Revolution.
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15:45
The Dutch East India Company: The Richest Company In The World
#dutcheastindiacompany #voc #history
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published: 12 Mar 2023
The Dutch East India Company: The Richest Company In The World
The Dutch East India Company: The Richest Company In The World
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- published: 12 Mar 2023
- views: 680994
#dutcheastindiacompany #voc #history
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Visitors to Amsterdam will be familiar with it’s tall, narrow buildings and labyrinth of canals which run past the winding streets with typical Dutch names such as Lindenstraat, Keizersgracht and Damstraat. But away from the well-trodden tourist paths of the city centre, in the eastern district, are some streets with not-so typical Dutch sounding names like Balistraat, Sumatrastraat, and Borneostraat. These are situated within what is known locally as the Indian neighbourhood and are named in reference to what was once the Dutch controlled East Indies.
Constituting much of the modern state of Indonesia, these islands came to be ruled by the Netherlands over 7000 miles away, when the Dutch East India Company established itself in the region some 400 years ago and quickly grew to become the richest company the world had ever seen.
Possessing quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, strike its own coins and establish colonies, it is often considered to be the world’s first multinational corporation and one which set the precedent for how modern business and international trade are conducted to this day. But what inspired these Dutch merchants to undertake the lengthy and perilous journey to the far side of the world? This is the history of the Dutch East India Company.
The United East India was a chartered company established on 20 March 1602 by the States General of the Netherlands amalgamating existing companies into the first joint-stock company in the world, granting it a 21-year monopoly to carry out trade activities in Asia. Shares in the company could be bought by any resident of the United Provinces and then subsequently bought and sold in open-air secondary markets (one of which became the Amsterdam Stock Exchange). It is sometimes considered to have been the first multinational corporation. It was a powerful company, possessing quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, strike its own coins, and establish colonies.
Statistically, the VOC eclipsed all of its rivals in the Asia trade. Between 1602 and 1796 the VOC sent almost a million Europeans to work in the Asia trade on 4,785 ships, and netted for their efforts more than 2.5 million tons of Asian trade goods. By contrast, the rest of Europe combined sent only 882,412 people from 1500 to 1795, and the fleet of the English (later British) East India Company, the VOC's nearest competitor, was a distant second to its total traffic with 2,690 ships and a mere one-fifth the tonnage of goods carried by the VOC. The VOC enjoyed huge profits from its spice monopoly through most of the 17th century.
Having been set up in 1602 to profit from the Malukan spice trade, the VOC established a capital in the port city of Jayakarta in 1609 and changed its name to Batavia (now Jakarta). Over the next two centuries the company acquired additional ports as trading bases and safeguarded their interests by taking over surrounding territory. It remained an important trading concern and paid an 18% annual dividend for almost 200 years. Much of the labour that built its colonies was from people it had enslaved.
Weighed down by smuggling, corruption and growing administrative costs in the late 18th century, the company went bankrupt and was formally dissolved in 1799. Its possessions and debt were taken over by the government of the Dutch Batavian Republic. The former territories owned by the VOC went on to become the Dutch East Indies and were expanded over the course of the 19th century to include the entirety of the Indonesian archipelago. In the 20th century, these islands would form the Republic of Indonesia.
East India Company
The East India Company (EIC), also known as the Honourable East India Company and informally as John Company, was an English and later British joint-stock company, formed to pursue trade with the East Indies but ended up trading mainly with the Indian subcontinent and Qing China.
Originally chartered as the "Governor and Company of Merchants of London trading into the East Indies", the company rose to account for half of the world's trade, particularly trade in basic commodities that included cotton, silk, indigo dye, salt, saltpetre, tea and opium. The company also ruled the beginnings of the British Empire in India.
The company received a Royal Charter from Queen Elizabeth on 31 December 1600, making it the oldest among several similarly formed European East India Companies. Wealthy merchants and aristocrats owned the Company's shares. The government owned no shares and had only indirect control.
The company eventually came to rule large areas of India with its own private armies, exercising military power and assuming administrative functions.Company rule in India effectively began in 1757 after the Battle of Plassey and lasted until 1858 when, following the Indian Rebellion of 1857, the Government of India Act 1858 led to the British Crown assuming direct control of India in the form of the new British Raj.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/East_India_Company
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