How was the Dutch East India company able to monopolize the spice trade so rapidly

History

1 answer:

In-s [12.5K]3 years ago

5 0

<u>Answer:</u>

The Dutch East India Company used gold and silver to buy species and then they started trading system with other Asian countries that helped them finance their spice trade with other European companies.

<u>Explanation:</u>

Although the Dutch east India company and English east India company had a competition in species business they started a short term partnership in 1620 that ended in 1623 after which the Dutch east India company started to colonize the remaining island of Indonesia whereas the English East India company set out for market in other Asian countries.

Also, the Dutch east India Company used coin of gold and silver in trade of species and for the compensation of lack of gold and silver, they started to trade with other Asian countries.

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