Tuesday, March 20, 2012

On This Day March 20, 1602.


The Dutch East India company, which was indirectly responsible for many discoveries in the Pacific, is formed.

The Dutch East India Company, also known as the Verenigde Oostindische Compagnie or VOC, was established on 20 March 1602, when the Estates-General of the Netherlands granted it a monopoly to trade from the Cape of Good Hope to the Straits of Magellan. It was the first multinational corporation in the world and it was the first company to issue stocks. The company traded throughout Asia, exploring and establishing new routes through to the Asian countries and Pacific colonies for the sole intent of expediting trade to that region. The company operated for around 200 years, trading spices like nutmeg, cloves, cinnamon and pepper, and other consumer products like tea, silk and chinese porcelain. In the process, they touched on the coast of Australia, which they called New Holland, drawing rough charts to indicate the western and northern coasts, though the south and east remained largely unknown.

The Australian state of Tasmania owes its discovery to the Dutch East India Company. Abel Tasman was a Dutch seafarer who joined the Company and was ordered to explore the south-east waters in order to find a new sea trade route to Chile in South America. In November 1642, he discovered a previously unknown island on his voyage past the "Great South Land", or "New Holland". He named the island "Antony Van Diemen's Land" in honour of the High Magistrate, or Governor-General of Batavia. It was later renamed Tasmania by the English.

No comments:

Post a Comment