3.2 A world economy (TTO-2)

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3.2: A world economy

The VOC and WIC

Lat time you learned:

That the Dutch Republic was governed by PRovincial States and the States General

About the fight between Johan van Oldenbarneveldt and Prince Maurits

That the Republic and Spain had peace in 1648

Goals

• The student can explain what the Baltic Trade is and why it was important for the Low Countries/Dutch Republic
  
• The student can explain how the VOC and the WIC operated in the world.
  

The Baltic Trade (moedernegotie)

Cities in the Low Countries had traded with the Baltic area since the 14th century. During the 16th and 17th century it would become the most important trading routes for Amsterdam.

• The Republic exported luxury products like wine and salt to countries around the Baltic
  
• The Republic imported bulk goods like grain and wood. These were stored in Amsterdam.
  
• From Amsterdam, they were exported to other countries in Europe (for a higher price of course)
  

Watch a video

During the video, you will answer a few questions about the VOC.

 

https://www.youtube.com/watch?v=zPIhMJGWiM8

Which country tried to take over de trade around the Indian Ocean first

1. Spain
2. Portugal
3. Italy
4. The Netherlands

What was the initial idea of the Dutch?

1. To rob anyone of their property
2. To wage war against the people in India
3. To stop the Portuguese from trading in the Indian Ocean
4. To break into the already existing trade network on equal terms

What happens to the price of spices when there is lots of competition?

1. It goes down
2. It goes up

What was the board of the VOC called?

1. The Heeren X
2. The Heeren XVII
3. The Heeren XIIV
4. The Heeren XV

Why was the VOC not only a trading company?

1. They had a lot of political influence in the States-General
2. They protected Protestants against Spain
3. They were allowed to wage war with other countries
4. They would offer relief supplies in times of famine

Why were Dutch people so prepared to invest in a share of a ship?

1. Even wealthy merchants couldn't afford a complete ship
2. They liked living on the edge
3. These were the rules of the VOC
4. It would lower the risk of bankruptcy

Why was the States-General so important for the success of the VOC?

1. They gave the VOC money
2. They gave the VOC a crew to man the ships
3. They gave the VOC military support
4. They gave the VOC permission to enter the slave trade

Why was Batavia so important?

1. It was the first stop in Africa where the VOC received supplies
2. It was the most successful VOC ship
3. It was the most important port in all of South-East Asia
4. It was the capital of the Dutch East Indies

The VOC
Which products did the VOC trade in?

• Spices (nutmeg/pepper)
  
• Gold, silver, silk, copper
  

Which trading routes did the VOC use?

• Trading routes from Europe to East Indies and back again
  
• Intra-Asian trade
  

How did the VOC gain a monopoly?

• The VOC used their right to wage war to establish control over certain islands.
  
• With help from the States-General (financial and military support)
  

The WIC
Which products did the WIC trade in?

• Gold, sugar and slaves
  

Which trading routes did the WIC use?

• Triangle trade/Atlantic slave trade
  

How did the WIC help during the war with Spain?

• They were allowed to capture and destroy Spanish ships. They took their valuables and caused a big blow for the Spanish economy.