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At the same time, the Portuguese trade system was unable to increase supply to satisfy growing demand, in particular the demand for pepper.Demand for spices was relatively inelastic, and therefore each lag in the supply of pepper caused a sharp rise in pepper prices.The government-backed but privately financed company was effectively a state in its own right, or a state within another state.In terms of exploratory maritime history of the world, as a major force behind the Golden Age of Dutch exploration and discovery (c.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 1598, an increasing number of fleets were sent out by competing merchant groups from around the Netherlands.The stage was thus set for the four-ship exploratory expedition by Frederick de Houtman in 1595 to Banten, the main pepper port of West Java, where they clashed with both the Portuguese and indigenous Indonesians.Houtman's expedition then sailed east along the north coast of Java, losing twelve crew to a Javanese attack at Sidayu and killing a local ruler in Madura.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. 1570s–1670s), the VOC navigators and cartographers helped shape geographical knowledge of the modern world as we know them today.The commercial networks of Dutch transnational companies, like the VOC and WIC/GWIC, provided an infrastructure which was accessible to people with a scholarly interest in the exotic world.
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.