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The Rise And Fall of the Dutch East India Company

To try everything Brilliant has to offer for free for a full 30 days, visit http://www.brilliant.org/howhistoryworks. You’ll also get 20% off an annual premium subscription. ------ Sign up for my FREE newsletter! - https://www.compoundeddaily.com/ ------ #history #voc #business Link To Our Other Channel:    / howmoneyworks   Written By: Sam Video Created By: Svibe Multimedia Studio Editor: Cardan Media Gatherer: Andrea Rivas Footage Courtesy of: Getty Images Music Provided By: Epidemic Sound For sponsorship inquiries, please contact [email protected] ----- 7.9 trillion dollars. That was the historically adjusted market capitalization of the Dutch East India Trading Company. It was a for profit company larger and more powerful than most of history's greatest empires. [1] If it was around today the world’s first multinational corporation would be worth more than Apple, Microsoft, Amazon, Meta, and still have more than enough money left over to purchase McDonald’s, Walmart and Samsung. Most companies are lucky to last ten years. [2] But The Dutch East India trading company lasted over 200 years, from 1602 until 1799, with an impact that still continues today thanks to its radical business innovations…and ahem ‘questionable behaviour’. But its biggest contribution to the world – besides all the killing and invading and enslaving – are shareholders. Besides pioneering corporate governance, the creation of shareholders paved the way for modern business to become more accessible to the average person. This helped popularize employee welfare like health care and pensions, and introduced insurance bonds and joint-stock ownership. So, who were the people that owned the most valuable company of all time? How did the concept of a corporation even start? And how did the board of investors influence the direction of world history? Sources - https://dutchreview.com/culture/histo... https://www.bbc.com/news/business-166... https://www.britannica.com/topic/Dutc... https://www.thoughtco.com/age-of-expl... https://www.worldhistory.org/Dutch_Ea... https://www.investopedia.com/ask/answ... https://investoramnesia.com/2022/10/2... chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.sfu.ca/~poitras/ch2_lemai... https://www.worldsfirststockexchange.... https://www.encyclopedia.com/history/... https://historyguild.org/the-impacts-... https://archive.is/SCf9h https://dokumen.pub/the-worlds-first-... https://www.businesscompendium.co.uk/... https://www.investopedia.com/articles... https://museum.wa.gov.au/explore/dirk...