Providing peace, prosperity and petty coins. How Java’s economy benefitted from Dutch global trading system, 1680-1800*
Working Paper Title: Providing peace, prosperity and petty coins. How Java’s economy benefitted from Dutch global trading system, 1680-1800*
Version: 24 November 2014.
Work in progress. Please do not quote or cite without permission.
Recent revisionist historiography on the relation between the Great Divergence and colonialism has nuanced the direct negative impact of European presence on Asian decline. This weaker European power raises the question how they realised their objectives if not by sheer force. This paper examines the Dutch East India Company (VOC) policy to acquire commodities in eighteenth-century Java. It adds monetary policies to the political instruments, such as monopolies and strategically alliances with local elites emphasised by others, and therefore concurs with the revisionist strand. Consequently, the paper argues that, because of the limited VOC power the connection to the world market also returned certain benefits for Java’s local producers.University of Amsterdam
Alberto Feenstra studied Global History at the Vrije Universiteit in Amsterdam. Previously he has been employed as research assistant at the Geldmuseum (Money Museum) in Utrecht. His current PhD research examines the integration of capital markets within the Dutch Republic between 1650 and 1800.
More information on Alberto Feenstra can be found here.
* The author would like to thank Ulbe Bosma, Remco Raben and Guido van Meersbergen for their valuable comments on earlier drafts of this paper.