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VOC – capital error or strategic succes?

Economy classes from the Golden Age. What the Golden Age can teach us about economics.

The famous Dutch East India Company (Vereenigde Oost-Indische Compagnie or VOC in Dutch) is closely associated with the Golden Age, an era of great economic prosperity in the Dutch Republic. Yet the VOC was not always a goose that laid golden eggs. Preserved accounting documents show that during the first decades the VOC did not make any profit at all. This is surprising because the trade and financial market traditionally functioned very well around 1602, when the VOC was established. So what were the real reasons for founding this great and innovative trade company? Historian Oscar Gelderblom and his team discover economic solutions for today in the archives of the past.

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