[ECON] Trading Posts
- The English and the Dutch built trading posts along the coast of Asia to channel trade.
- They established parallel trading posts in Asian coasts, English in India, the Dutch at Cape Town and Indonesia.
- The English and the Dutch were ahead of the Portuguese both in economy and military.
Analysis
The Portuguese fell behind the English and the Dutch because they had faster, cheaper, and more powerful ships than the competing Portuguese, which put them ahead. Their superior technology allowed them to be more successful, giving them the upper-hand.
[ECON] Trading Companies
- The joint-stock company, which the English and Dutch used, was an efficient form of commercial organization in which investors were able to make big profits while keeping their investments limited in terms of risk.
- The English formed the English East India Company and the Dutch had the United East India Company, also known as the VOC
- The companies were privately owned enterprises that didn't have to depend on government resources, as private merchants paid for the companies expeditions. Without having to think politically, they were able to focus on profiting through trade.
- Both companies had huge financial success and contributed to the formation of a global trade network.
Self-Created Enhancement: Comparison Chart
Citations
Ben06937.ch23_593-629.qxd, 8/31/07, 10:45 Am, and Page 59. THE ORIGINS OF GLOBAL INTERDEPENDENCE, 1500 TO 1800 (n.d.): n. pag. Web. 13 Nov. 2016.
The Dutch East India Company. Digital image. South African History Online. N.p., n.d. Web. 13 Nov. 2016.
East India Company. Digital image. Victorian Web. N.p., n.d. Web. 13 Nov. 2016.
The Dutch East India Company. Digital image. South African History Online. N.p., n.d. Web. 13 Nov. 2016.
East India Company. Digital image. Victorian Web. N.p., n.d. Web. 13 Nov. 2016.