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With its pioneering institutional innovations and powerful roles in world history, the company is considered by many to be the first major modern global corporation, In 1619 it forcibly established a central position in the Indonesian city of Jayakarta, changing the name to Batavia (modern-day Jakarta).Over the next two centuries the Company acquired additional ports as trading bases and safeguarded their interests by taking over surrounding territory.

Around the world and especially in English-speaking countries, the VOC is widely known as the "Dutch East India Company".Demand for spices was relatively inelastic, and therefore each lag in the supply of pepper caused a sharp rise in pepper prices.In 1580 the Portuguese crown was united in a personal union with the Spanish crown, with which the Dutch Republic was at war.View of Table Bay with ships of the Dutch East India Company (VOC), c. In the 1600s the size of the Dutch merchant fleet probably exceeded the combined fleets of England, France, Spain, Portugal, and Germany.), was a publicly tradable corporation that was funded in 1602 and became defunct in 1799.It was originally established as a chartered company to trade with India and Indianized Southeast Asian countries when the Dutch government granted it a 21-year monopoly on the Dutch spice trade.