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A pioneering early model of the multinational corporation in its modern sense, the company is also often considered to be the world's first true transnational corporation.
The commercial networks of Dutch transnational companies, like the VOC and GWIC, provided an infrastructure which was accessible to people with a scholarly interest in the exotic world.Half the crew were lost before the expedition made it back to the Netherlands the following year, but with enough spices to make a considerable profit.In 1598, an increasing number of fleets were sent out by competing merchant groups from around the Netherlands.In terms of exploratory maritime history of the world, as a major force behind the Golden Age of Dutch exploration and discovery (c.1590s–1720s), the VOC-funded exploratory voyages such as those led by Willem Janszoon (Duyfken), Henry Hudson (Halve Maen) and Abel Tasman revealed largely unknown landmasses to the western world.The company was formed to profit from the Malukan spice trade, and in 1619 it established a capital in the port 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.
The VOC enjoyed huge profits from its spice monopoly through most of the 17th century.century to include the whole of the Indonesian archipelago, which would later become the modern Republic of Indonesia.
In spite of the VOC's historical contributions, the company has long been criticized for its monopoly, colonialism, exploitation (including use of slave labour), and environmental destruction (especially deforestation).
With its pioneering institutional innovations and powerful roles in world history, the company was considered by many to be the first major, first modern, In terms of military-political history, the VOC, along with the Dutch West India Company (WIC/GWIC), was seen as the international arm of the Dutch Republic and the symbolic power of the Dutch Empire.
The VOC was historically a military-political-economic complex rather than a pure trading company (or shipping company).
Between 16 the VOC sent almost a million Europeans to work in the Asia trade on 4,785 ships, and netted for their efforts more than 2.5 million tons of Asian trade goods.