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In 1602, a group of Dutch merchants pooled their money to stop a pepper price war. Two centuries later, their company had its own warships, armies and forts, and some estimates make it the most valuable company that has ever existed. So where did the money actually come from? It wasn't just spices. This documentary follows the money behind the Dutch East India Company (VOC): the permanent capital, the world's first real stock market, a monopoly enforced by violence, an Asian trade network that quietly paid for everything, and the people who bore the costs. ⏱ CHAPTERS 0:00 The company that wasn't meant to conquer 1:00 The Truce: why rival merchants merged 5:00 The Share: the first stock market and the first bear raid 10:00 Monopoly by Force: nutmeg, Banda and Jan Pieterszoon Coen 15:30 The Real Machine: the Asian trade that funded Europe's cargoes 21:00 The Factory and the Cost: who actually paid The Unraveling: how the richest company in history went bankrupt Final reframe 📌 A NOTE ON THE NUMBERS Some figures in this video, including the company's peak valuation in modern dollars, its average dividend, the Banda population loss and slavery totals, are estimates that historians still debate. They're presented as estimates in the script. 📚 SOURCES AND FURTHER READING [. Gaastra, The Dutch East India Company; de la Vega, Confusion of Confusions; Giles Milton, Nathaniel's Nutmeg] 🔔 Subscribe for more stories about the hidden economic systems behind history. The next one involves another company that ran a country. #DutchEastIndiaCompany #EconomicHistory #VOC

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