Examining the painting View of Delft, Brook introduces the Dutch East India Company. The historical impact of this massive corporation could not have been imagined in its infancy. The significance of the company is exhibited in the line, “The world’s first joint-stock company, the VOC was formed in 1602 when the Dutch Republic obliged the many trading companies popping up to take advantage of the Asian trade boom to merge into a single commercial organization” (Brook 15). The VOC consisted of a coalition which included several chambers formed through both domination and accommodation. The dominating factor was that a consortium had been created allowing only those associated with the VOC to have access to trade with the east. However, as an accommodation, all chambers freely agreed to unify with the understanding that government would not become involved in the company’s affairs so long as taxes were rendered to the governing body. Thus, the “idea” of capitalism was transformed into a working economic system that still endures
Examining the painting View of Delft, Brook introduces the Dutch East India Company. The historical impact of this massive corporation could not have been imagined in its infancy. The significance of the company is exhibited in the line, “The world’s first joint-stock company, the VOC was formed in 1602 when the Dutch Republic obliged the many trading companies popping up to take advantage of the Asian trade boom to merge into a single commercial organization” (Brook 15). The VOC consisted of a coalition which included several chambers formed through both domination and accommodation. The dominating factor was that a consortium had been created allowing only those associated with the VOC to have access to trade with the east. However, as an accommodation, all chambers freely agreed to unify with the understanding that government would not become involved in the company’s affairs so long as taxes were rendered to the governing body. Thus, the “idea” of capitalism was transformed into a working economic system that still endures