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EncyclopediaEast India Company, DutchEast India Company, Dutch, 1602–1798, chartered by the States-General of the Netherlands to expand trade and assure close relations between the government and its colonial enterprises in Asia. The company was granted a monopoly on Dutch trade E of the Cape of Good Hope and W of the Strait of Magellan. From its headquarters at Batavia (founded 1619) the company subdued local rulers, drove the British and Portuguese from Indonesia, Malaya, and Ceylon (Sri Lanka), and arrogated to itself the fabulous trade of the Spice Islands. A colony, established (1652) in South Africa at the Cape of Good Hope, remained Dutch until conquered by Great Britain in 1814. The company was dissolved when it became scandalously corrupt and nearly insolvent in the late 18th cent., and its possessions became part of the Dutch colonial empire in East Asia. See A. Hyma, The Dutch in the Far East (1942, repr. 1953); study by B. Gardner (1972). The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2007, Columbia University Press. All rights reserved. More on Dutch East India Company from Infoplease:
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