VOC ( Vereenidge Oost Indische )

Voc

VOC created by the government of Dutch to combine the effort of all Dutch traders and eliminate the competition between them , in order to get more profit. 

VOC stands for Vereenidge Oost Indische Compagnie which means The United East - India Company. 

The Idea of VOC :

● Prince Maurits 

●Johan Van Olden Barnevelt

Octroi Rights 

Special rights given to Voc by the Dutch government to do their job .

★Voc are allowed to have military support from the government to secure goods & expand land .

★Voc are allowed to make agreements with local leaders on behalf of Dutch government.

★Voc are allowed to publish on issue Dutch's currency everywhere they went (Gulden) currency.

★Voc have authority declare War against other country . 

Purposes of Voc establishment :

♥ To remove competition among Dutch traders so the maximum income could be reached .

♥To strengthen dutch's position against other countries .

♥To support the government financially of funding the war against Spain .

Why did the government give Voc special rights ?

- Because he government expected that Voc could give them enough financial support .

The decline of Voc : 

¤There was corruption by the employees.

¤They spent lots of money on their expansion and paid the workers . 

¤They also spent money on the war against the local rebellion .

¤The tight competitions with other trading companies from Portugal and Britain.

¤The rise of Liberalism area .So that monopoly system of Dutch was no longer accepted .