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The Dutch East India Company, or VOC, was a chartered company granted a monopoly by the Dutch government to carry out colonial activities in Asia. It was the first multinational corporation in the world and the first company to issue stock. It was also arguably the world's first megacorporation, possessing quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, coin money and establish colonies.<br/><br/> The VOC was set up in 1602 to gain a foothold in the East Indies (Indonesia) for the Dutch in the lucrative spice trade, which until that point was dominated by the Portuguese.<br/><br/> Between 1602 and 1796, the VOC sent almost a million Europeans to work in the Asia trade on 4,785 ships, and netted more than 2.5 million tons of Asian trade goods.
The Dutch East India Company, or VOC, was a chartered company granted a monopoly by the Dutch government to carry out colonial activities in Asia. It was the first multinational corporation in the world and the first company to issue stock. It was also arguably the world's first megacorporation, possessing quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, coin money and establish colonies.<br/><br/> The VOC was set up in 1602 to gain a foothold in the East Indies (Indonesia) for the Dutch in the lucrative spice trade, which until that point was dominated by the Portuguese.<br/><br/> Between 1602 and 1796, the VOC sent almost a million Europeans to work in the Asia trade on 4,785 ships, and netted more than 2.5 million tons of Asian trade goods.
Tulip mania or tulipomania (Dutch names include: tulpenmanie, tulpomanie, tulpenwoede, tulpengekte and bollengekte) was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed.<br/><br/> At the peak of tulip mania, in February 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman.<br/><br/> Although tulips are generally associated with the Netherlands, commercial cultivation of the flower began in the Ottoman Empire. The tulip, or lale (from Persian لاله, lâleh) as it is also called in Iran and Turkey, is a flower indigenous to a vast area encompassing arid parts of Africa, Asia, and Europe. The word tulip, which earlier appeared in English in forms such as tulipa or tulipant, entered the language by way of French tulipe and its obsolete form tulipan or by way of Modern Latin tulīpa, from Ottoman Turkish tülbend.