VOC charter grants powers for Asian monopoly
Labels: VOC, Dutch Republic, Asian MonopolyIn 1602, the Dutch Republic chartered the Vereenigde Oostindische Compagnie (VOC) and gave it unusually broad powers to make treaties, build forts, and wage war in Asia. This legal framework made the company more than a trading firm; it could act like a state. The spice trade, including cloves and nutmeg from the Maluku (Moluccas), quickly became a core target for VOC expansion.