What kind of company was the Dutch West India Company?

Dutch West India Company, byname of West India Company, Dutch West-Indische Compagnie, Dutch trading company, founded in 1621 mainly to carry on economic warfare against Spain and Portugal by striking at their colonies in the West Indies and South America and on the west coast of Africa.

What type of company was the Dutch West India Company?

The Dutch West India Company was a corporation formed in 1621. It was modeled on the Dutch East India Company, which was set up to trade in the East Indies.

What did the Dutch West India Company do?

In 1621, the Estates-General of the Netherlands founded the Dutch West India Company to develop its American claims. Its purpose was to open trade in North and South America and to build forts, maintain troops, and challenge Spanish trade, especially in the West Indies.

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Was the Dutch West India Company a private company?

In 1621, the parliament of the Dutch Republic awarded a charter to the Dutch West India Company (a private joint stock corporation) granting it a 24-year monopoly on trade and colonization that included the American coast between Newfoundland and the Straits of Magellan.

What was the West India Company called by the Dutch?

Dutch West India Company aka GWC or WIC (1621–1792), Dutch chartered company, with jurisdiction over slave-trade in the Atlantic, Brazil, the Caribbean, and North America.

What was the role of companies in the Dutch colonies?

Dutch West India Company, byname of West India Company, Dutch West-Indische Compagnie, Dutch trading company, founded in 1621 mainly to carry on economic warfare against Spain and Portugal by striking at their colonies in the West Indies and South America and on the west coast of Africa.

What was one of the main businesses of the Dutch West India Company?

According to its charter, the Dutch West India Company held a monopoly in shipping and trade in a territory that included Africa south of the Tropic of Cancer, all of America, and the Atlantic and Pacific islands between the two meridians drawn across the Cape of Good Hope and the eastern extremities of New Guinea.

What were the history and purpose of the Dutch East India Company?

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.

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What was the significance of the Dutch West India Company quizlet?

Terms in this set (8)

What were the two purposes of the company? To regulate and protect the contraband trade already carried by the Dutch and establish colonies.

What did the WIC trade?

Ships departed from Western Europe with goods to Western Africa, where the goods were traded for gold, ivory and enslaved Africans. The Africans were shipped to West India, where they were sold to plantation owners.

Who owned the West India Company?

Dutch West India Company

Company flag
Native name Geoctrooieerde Westindische Compagnie
Founded June 3, 1621
Founder Joannes de Laet
Defunct January 1, 1792

When was the Dutch West India Company established?

The Dutch Westindische Compagnie (West India Company), known as the WIC, was established by charter in 1621 and re-estabished in 1675. It traded in the Gold Coast (Ghana) in west Africa, in the New Netherlands (the area around New York) in north America, and in the Caribbean (including Guyana).

What were the Dutch East and West India Companies?

Dutch West India Company. … In 1621, Dutch investors formed a company called the Dutch West India Company. They received a charter from the States-General to monopolize trade along the Atlantic coasts of Africa and the Americas for twenty-one years.

What did Dutch trade with India?

Apart from textiles, the items traded in Dutch India include precious stones, indigo, and silk across the Indian Peninsula, saltpetre and opium in Dutch Bengal, and pepper in Dutch Malabar. Indian slaves were imported on the Spice Islands and in the Cape Colony.

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