After the Silas Treaty of Tolde, the shipping routes and trade in the Atlantic region were allocated to two Catholic countries, namely, Spain and Portugal. However, at the end of16th century, the monopoly position of the two countries was challenged. Britain and the Netherlands are increasingly breaking the monopoly of Spain and Portugal in Asia. After Spanish and Portuguese ports began to block ships in the Federal Republic, the Netherlands began to show great interest in seizing Atlantic trade rights.

1602 when the east India company was founded, it seemed that some businessmen were dissatisfied with the monopoly blockade near Amsterdam. They asked Pieete Prancius, the Flemish minister in charge of maps, globes and navigation instruments, to start preparations for exploring routes from northeast or northwest to Asia to avoid monopoly. And in 1609, he searched for the Northwest Passage in New England in order to get a new passage to Asia. But their rivals found Tierra del Fuego at 16 15, a southwest route, to avoid the monopoly of the East India Company.

In the North Atlantic (North America), Adrian Block reached the Hudson River three times between 16 1 1 613. Therefore, there was a conflict with the fur dealer Hans Huntum. In the following year 16 14, Adrian obtained a patent for 4 years. Four years later, Adrian's patent right was not extended, and the high demand for furs in Europe at that time caused the route to be in chaos. It was not until 162 1 that the West India Company officially established itself here.

In Africa, the Dutch established the first trade stronghold with Africa in Musellon, balthasar, which provided trade opportunities with Africa. And began to intervene in the copper ore trade of loanga kingdom around 1600. 16 12 Dutch fort on the gold coast was completed.

In the Caribbean rich in salt, sugar and tobacco, Spain asked the Netherlands to promise to withdraw from Asia and Africa in exchange for a peace treaty and opposed the establishment of the West India Company. The Netherlands accepted the treaty. During the subsequent 12 peace period, Johan van Oldenbarnevelt, a Dutch businessman, began to trade and communicate with the New World, but as a result, all foreign ships were in danger except Spain. It was not until 16 16 that the mayor of Flushing put forward the proposal of establishing a stronghold there.

Two years later, in 16 18, General Morris began to seek independence and restart the war with Spain. 16 19, his opponent John van Aldenbar Neivelt was beheaded. After a two-year ceasefire, the West India Company was formally established in 162 1.

According to the model of the East India Company, the West India Company is composed of five branches (five chambers of commerce, respectively belonging to four of the seven northern provinces), namely Amsterdam (Netherlands), Reims, Rotterdam (Netherlands), Grolingen and freese. Their patent right is 24 years. Nineteen gentlemen held real power. In the equity competition of 1623, the government and the East India Company became the largest shareholders with the contribution of1000000 rupiah. The difference between the West India Company and the East India Company is that before the war, the West India Company did not have the right to organize mercenaries freely. Before organizing military forces, it needs to apply to the provincial Council. 162 1 year, the armistice agreement with Spain expired, and the Dutch hawks launched a strong war against the West, authorizing the West India Company to organize mercenaries freely. In the West India Company, private plunder is the main business project of the company, and it is more important to arm soldiers against Spanish ships in wartime. After 1624, almost every ship carries 40-50 armed soldiers, and every time a suspicious ship is found, it is detained. In the same year, a fleet of the West India Company tried to win in San Salvador, but it was defeated. As for 1628, Piette Hein intercepted the treasure ship, which was completely invented by modern people.

1629, the Dutch government authorized the West India Company to fully manage the new Dutch colony. After Dessluwe Blommaert failed in his attempt to gain independence in New Sweden, the attention of the West India Company began to turn to Dutch Brazil. 1630, the west India company successfully conquered part of Brazil's territory, but went bankrupt in 1636 because the war consumed too many resources.

1645, facing the crisis of contract expiration and Brazil War, the West India Company tried to merge with the East India Company, but it was rejected. The Amsterdam Chamber of Commerce has also lost interest in the West India Company and is not prepared to invest in this quagmire. The main reasons for the indifference of Amsterdam Chamber of Commerce to the West India Company are the hesitation of the provincial government (due to the friendly relations with Portugal) and the huge losses of the colony. Finally, in 1647, the East India Company injected150,000 guilders into the West India Company to help it get out of trouble. The following year, the Bavarian contract was signed, and the piracy of Spanish ships was forced to stop. Businessmen from the Netherlands and westland also turned to cooperate with Britain, Denmark and Hamburg, which led to the company being at a disadvantage in the competition. During the period of 1649-1668, the West India Company mainly traded gold and slaves. By 1674, the long-term loss-making West India First Company was officially dissolved.