Sience and Changing Politics - A world economy: The VOC and WIC

6 important questions on Sience and Changing Politics - A world economy: The VOC and WIC

Why did the merchants who traded in antwerp had to find another trade centre?

Because the spanish army conquered antwerp, the waterways were closed off so no trade ship was allowed to go in or out.

What is baltic trade?

The trade of luxury products in exchange for grain and wood between the dutch republic and countries around the baltic sea

What happened to the goods brought in from other countries?

They were stored in warehouses instead of immediately being sold, the merchants waited for a buyer who really needed the goods and then sold them for the hightest possible price
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What is an commercial centre?

A place where goods from all over the world were stored and eventually sold throughout europe

Why was the VOC established by the states general?

The many dutch small companies that sailed to the east indies had to compete with each other, because of this their profits reduced because they had to sell their goods at lower prices. Which is where the dutch republic received less profit taxes from the sold goods, so the states general decided in 1602 that it would be more effective to join all the small companies together, which they called the VOC

The states general granted a monopoly to the VOC, what does this mean?

This means that the VOC was the only company allowed to trade spices in the east indies

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