CH1 sec. 1.2.2 The first multinationals: VOC and WIC

Memo h/m 2 TTO
CH1. The age of regents and rulers
The Golden Age
sec. 1.2.2 The first multinationals: VOC and WIC
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Memo h/m 2 TTO
CH1. The age of regents and rulers
The Golden Age
sec. 1.2.2 The first multinationals: VOC and WIC

Slide 1 - Diapositive

Learning objectives
3) I can explain why Dutch merchants were interested in the spice trade.
4) I can explain why the VOC and WIC were established.
5) I can name two characteristics of the VOC and WIC.

I know the terms and dates from this section.

Slide 2 - Diapositive

Slide 3 - Vidéo

A world economy
Sixteenth century
Voyages of discovery by Spain and Portugal.
  • Spice trade
  • Spread of Christianity (Roman Catholicism)
  • Expanding political power

Slide 4 - Diapositive

Slide 5 - Diapositive

VOC
Around 1600 the demand for spices grew. Merchants from Holland and Zeeland wanted to benefit from the spice trade.

1595 First Compagnie that succesfully trades in Asia ('voorcompagnie'). 

Slide 6 - Diapositive

VOC
1602 VOC (Verenigde Oost-Indische Compagnie) set up.
Companies decided to collaborate.
  • Avoid competition among themselves
  • Better protection against the Portuguese.

  1. Many people in Holland and Zeeland invested money in the company and shared in its profits. The VOC was one of the first multinationals.
  2. Special privileges

Slide 7 - Diapositive

VOC
The VOC was given special privileges by the States-General.
  • Trade monopoly in the East Indies on spices, tea, silk, etc.
  • Construct forts
  • Fight wars
  • Sign treaties
Batavia was the most important trading post.
The VOC would use violence to enforce the trade monopoly and to get the best price for products. The VOC was very succesful.

Slide 8 - Diapositive

Slide 9 - Diapositive

What was the reason why Dutch merchants wanted to join the spice trade around 1600?
A
More people wanted to buy spices.
B
Spices became cheaper.

Slide 10 - Quiz

What doesn't match the VOC?
A
Set up in 1621
B
Spices, silk and tea
C
Trade monopoly
D
East Indies (Asia)

Slide 11 - Quiz

WIC
WIC (West-Indische Compagnie) founded in 1621
  • Trade monopoly on slave trade and luxury products like tobacco, sugar, cocoa and coffee in America and Africa.
  • Trading posts in West Africa and colonies with plantations in America (Surinam en de Dutch Antilles)
  • Privateering (piracy)
  • Triangular trade
The WIC was less succesful than the VOC. 

Slide 12 - Diapositive

Slide 13 - Diapositive

What doesn't match the WIC?
A
Set up in 1621
B
Slaves, sugar and tobacco
C
Trade monopoly
D
East Indies (Asia)

Slide 14 - Quiz

What are the two main characteristics of the VOC and WIC?
A
Ordinary people can share in its profits by buying shares
B
Privateering
C
Special privileges
D
Trade in Asia

Slide 15 - Quiz

Learning objectives
3) I can explain why Dutch merchants were interested in the spice trade.
4) I can explain why the VOC and WIC were established.
5) I can name two characteristics of the VOC and WIC.

I know the terms and dates from this section.

Slide 16 - Diapositive

Get to work
What? See whiteboard.
How? Alone 
Help? Ask neighbour. Can't figure it out? Ask teacher. 
Time? Until the end of the lesson. 
Done? Learn terms and dates. Ask teacher. 

Slide 17 - Diapositive