The Dutch East India Company, also known as VOC, was a powerful company established by the Netherlands in 1602 to carry out colonial activities in Asia. It had its own army and was involved in trade, exploration, and colonization.
Think of the Dutch East India Company like Amazon today. Just as Amazon dominates global online retail with its vast distribution network and influence, the VOC dominated trade routes between Europe and Asia during its time.
Joint-Stock Company: A business entity where different stocks can be bought and owned by shareholders. Each shareholder owns company stock in proportion to their ownership percentage.
Monopoly: Exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Similar to how VOC controlled spice trade.
Colonialism: The policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically. This is what VOC did in parts of Asia.
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