Dutch East India Company, byname of United East India Company, Dutch Vereenigde Oost-Indische Compagnie, trading company founded in the Dutch Republic (present-day Netherlands) in 1602 to protect that state’s trade in the Indian Ocean and to assist in the Dutch war of independence from Spain.
Where was the Dutch factory in India?
Option B) Masulipatam – In 1602, the United archipelago company of European nations was formed and given permission by the Dutch government to exchange archipelago including India. The Dutch founded their first factory in Masulipatnam in the state Andhra Pradesh in 1605. Thus, this is the correct answer.
How much would the Dutch East India company be worth today?
Dutch East India Company, established in the early 17th century, would be worth $7.9 trillion in today’s dollars.
Why was the VOC so successful?
A pioneer of outward direct foreign investment, the company’s operations expanded significantly in Asia during the 1620s. … The VOC was able to sell its spices at 14 to 17 times the price it paid for them in Asia, since they were so valuable and rare in Europe.