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New York's First Cent

In the early 1600’s, the Dutch had the largest merchant fleet in Europe. They worked closely with the Portuguese and were able to collect valuable maps and directions. This lead to the 1600’s becoming known as the “Golden Age” of Dutch history. The Dutch East India Company (Vereenigde Oost-Indische Compagnie or VOC, in Dutch) was established at the beginning of this time in 1602. They were one of the first multinational corporations and the first company to issue stock. Originally, it was set up to profit from the spice trade but, due to great success, it gained power including governmental support, the ability to wage war, coin money, and establish colonies.
Written by Gavin Buckley at 14:00

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