The colonial period of Indonesia did not immediately start when the Dutch first arrived in the archipelago at the end of the 16th century. ... In 1796 the VOC went bankrupt and was nationalized by the Dutch state. As a consequence its possessions in the archipelago passed into the hands of the Dutch crown in 1800.
Throughout the 1620s the Dutch East India Company further colonized Indonesia's islands and the presence of Dutch plantations growing cloves and nutmeg for export grew across the region. At this time the Dutch East India Company, like other European trading companies, used gold and silver to buy spices.
Dutch East India Company, byname of United East India Company, Dutch Vereenigde Oost-Indische Compagnie, trading company founded in the Dutch Republic (present-day Netherlands) in 1602 to protect that state's trade in the Indian Ocean and to assist in the Dutch war of independence from Spain.
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