What Was the Biggest Company in History? – $7.9 Trillion!


You are watching ColdFusion TV Hi welcome to another ColdFusion video Since 2013, this channel has featured the “How BIG” series Essentially, the series explores the size and scope of different companies Recently, Apple has passed the one trillion dollar valuation mark, but since “How BIG is Apple?” video already exists I have the idea to take things a little further. I ask myself the question “What was the biggest company of all time?” In this video, we’ll quickly touch on the 8 most valuable companies in history and then spend some time on number one because it’s a fascinating story. This company was so large that they literally geographically shaped the world we know today. Alright, let’s get into it At number 8, we have Microsoft in 1999. The company was valued at $0.9 trillion at the height of the dot-com bubble Number 7 is Apple in 2018. This is due to the persistent popularity of the iPhone which makes up about 70% of the company’s profits Though some do speculate that this Trillion-dollar stock figure is more complicated due to low interest rates making it viable for the companies to buy back Its own stock, pushing up the stock price further At number 6, we have Standard Oil. In 1900 this company was worth $1 trillion. Standard Oil was soon broken up by the American government into well, pretty much every major American oil company At number 5, we have PetroChina. In 2007 they were valued at $1.4 trillion and this was right at the peak of oil prices just before the GFC The 4th most valuable company of all time is Saudi Aramco, valued at $4.1 trillion at its peak in 2010 From here on we have to step back in time, hundreds of years to reach the real heavyweights At number 3 and 2 respectively, are the South Sea company worth $4.3 trillion and the Mississippi company worth $6.5 trillion both in 1720. Of course, these numbers are adjusted for inflation The reason for these astronomical valuations is quite interesting In 1720, a bubble formed around speculation of trade between North and South America The two companies mentioned promised that they could capitalize on trade between the American continents and their stock rose accordingly The speculators in these companies would coined the term ‘millionaire’ In reality, mass trade between the Americas didn’t really end up happening and the bubble soon popped Okay, so on to number one Valued at a ridiculous $7.9 trillion in 1637 is the Dutch East India Company The story of the Dutch East India Company is absolutely fascinating The story starts in the Netherlands in a time called the golden century, a period of Dutch history between 1600 and 1700 where Amsterdam was one of the richest cities in the world, due to its strong international trade Trade was essentially how all countries made their money In 1600, the Dutch government was worried about England becoming dominant in trade To combat this threat, they sponsored the creation of the Dutch East India Company in 1602 and allowed the firm to become a monopoly in Asian trade The company quickly became one of the dominant players in the trade of spices between Europe and Indonesia Spices might not seem like much today, but back then spices were scarce and extremely valuable They were used in medicine, to preserve cooked food, and to add flavour to meat Spices actually improved the quality of life Dutch East India Company is one of the most important companies in history and one of the reasons for this is that it was the very first company to go public on the world’s first Stock Exchange From here, it continued to grow until it had 70,000 employees at its peak In the 1600s, that was more than 0.01% of the world’s population working for this one company The firm ran their own shipyards, built a network of hundreds of bases, and had anything from officers to warehouse and heavy work stations In order to keep their ports and continue trade, Dutch East India Company developed their own army to protect the land that they gained and this is where things start getting beyond any company that we can imagine today As the company grew, the foreign colonies gained more land and possessed a sense of governmental powers The Dutch East India Company had the power to wage war, negotiate treaties, mint its own coins, and even established new colonies. The company was even used to fight against the Spanish Empire in the early 1600s and remember, this was a publicly traded company doing all of this It doesn’t stop there though there were also expansive sailing expeditions that resulted in the discovery of new land as it turns out the Dutch East India Company actually helps shaped the geographical knowledge of the modern world They would stay operational for two centuries, and had effectively transformed itself from a corporate entity into a state, and then an empire Ok, so now we know that the company started by trading spice and ended up a tyrannical Empire But what was its most profitable business? The answer isn’t one you would expect The peak of their wealth came from flowers Tulips to be exact, and the story of how this happened has gone down in infamy It tells us a deep archetype story. Although technologies in the world may advance, human nature remains the same Tulips were first introduced to Europe from Turkey and reached Amsterdam in 1554 The plants are immediately perceived as exotic goods, and their popularity began to rise Having tulips in your garden became an important status symbol In addition to this, the thing about tulips is they take seven to twelve months to flower and only bloom for about a week This rareness and the fact that there are status symbol and highly valued, made the tulip product a prime candidate for the first financial bubble in history The tulip bubble You see at the time, the Dutch were pioneers of modern finance They devised a way to set up a market where you could trade tulips all year round even if they weren’t in bloom The prices were set by traders that signed to a contract based on future prices This was the very first futures derivative market. The same kind that we used to trade stocks with today Over time, the tulip market became more complicated and flowers were priced according to their rarity As with all derivative markets, things tend to go out of control sometimes The prices of the tulips are pushed higher and higher by speculators who plan to turn around and sell them for a profit This is the very same thing that happens in all modern financial bubbles from people flipping houses expecting the next guy to pay for it, to stock and bond traders doing the same thing. As I said, human nature stays the same Many merchants sold all of their belongings to purchase a few tulip bulbs for the purpose of selling them at a higher profit than they could ever imagine in their lifetimes. This was the 1630s and the average person could expect to live fewer than 40 years and be lucky to make any money at all Meanwhile, some of the tulip traders were earning the equivalence of sixty two thousand dollars a month But it seemed like the tulips for a quick way to paradise and everyone wanted in During the build-up and height of Tulipmania, the Dutch East India Company incorporated the tulip trade into their operations and the stock price began to rocket upwards By this stage, even England and France are trading tulips on the London Stock Exchange The acceleration of price continued and soon does a price explosion of twenty fold just in a single month To give you an idea, at the peak a single tulip bulb was worth ten times more than a craftsman’s annual wage By this point, the Dutch East India’s value had risen to that infamous massive $7.9 trillion mark To highlight how huge this was just one more time, if you put Apple, Microsoft and Google together, Dutch East India Company was worth three times that combined value So you might be wondering, what happened next? Like all bubbles, the tulip bubble popped in late 1636 So what caused the crash? It turns out that some of the buyers in North Holland refused to show up to routine tulip bulb auctions It signaled to the market that people just weren’t going to pay any higher for the plant This event caused the tulip price to fall a little Investors then got cold feet and decided to sell. So the price fell more More people saw the price falling and decided to sell as well, and the cycle continued. Soon the market violently imploded Within just a few weeks, Tulip bulbs were only worth a hundredth of their former price This resulted in a full-blown panic throughout Holland and an economic crash that lasted years The Dutch government would later make changes to the financial system to make sure that this never happened again So what about the Dutch East India Company? What happened to them? Well, the company stayed very powerful until the mid 1700s but after bad management, and a war between the English and the Dutch, the company was dissolved and overtaken by the government in 1799, and the colonies of the company became Dutch colonies So, what does this tell us? The tulip bubble speaks of human nature and greed. Like many things in life, it’s important to look at the underlying value of something and not just what everyone else thinks it’s worth The Dutch East India Company size is completely unparalleled today. There were a complete government within themselves On one hand, I guess it warns about the close ties between industry and government. But on the other hand, they did discover new lands, shaping modern geography, and also with a pioneering company to trade on the stock market forever shaping finance But all in all, I just thought that was an absolutely fascinating story and I wanted to share that with you So anyway, that is the end of the video. Thanks for watching This has been Dagogo and you’ve been watching ColdFusion. If you just stumbled across this channel, feel free to subscribe, and if you know anyone that will be interested in such a topic Feel free to share this video. You can check out the rest of the “How BIG” series at the end of this video Anyway, that’s it and I’ll catch you again soon for the next video. Cheers guys! Have a good one

Comments 78

  • Note: All figures are adjusted for inflation of course.

  • Imagine companies taking over governments this is an indication

  • Bank company $100trillion. They make money, from other people's money.😂😂😂

  • no.1 still the King Solomon govt.

  • S T O N K S

  • als je kolonisatie tegen gaat word je in elkaar gehandhaafd

  • Yeah dutch is the best

  • Lol the Rothschild family make all of the people on this list look dirt poor real talk.

  • Late comment but how did the English east India company not make the list when they controlled the tea and opium trade from India and China for a century?

  • STOP MONY STOP

  • These guys kiwis?

  • Whomever controlled free labor. Slavery is the biggest business until this day

  • story too long and boring. Could be much shorter and more interesting FAIL

  • what about the British East India Company?

  • It makes me cringe every time I see someone carrying cash…

  • The first love of a dutchmen: Money

  • how rich was the British East India company? Because they continued 100 years after the Dutch one went under

  • It's simply our history class in Indonesia. we've learned it since mid-school.

  • This is to WESTRN WORLD:DONT BE EVER PROUD OF SUCH A FUCKASS COMPANY WHO JUST LOOTED COUNTRY LIKE 🇮🇳 🇨🇯🇵🇳 AND MANY MORE ASIAN NATION
    INDIA WAS TERMED AS GOLDEN BIRD BUT AS THIS EIC STARTED GROWING THESE MOTHERFUCKERS STARTED EXPLOYTING POOR PEOPLE AND THEIR WEALTH
    THATS THE REASON WHY UK,DUTCH AND ANY EUROPEAN NATION S IS SO RICH TODAY….FU K YOU ALL WHITIES
    YOUR POOR PEOPLE WE ASIA WILL RISE AGAIN TO DOMINATE THE WORLD!!!!🇮🇳🇮🇳😎🙏

  • wait until apple find spice in dune

  • Anything attached to the Rothchilds

  • WOW!!! MISSISSIPPI & SOUTH SEA COMPANY, THAT'S ANGLO/JUDEA AT ITS BEST. MONOPOLIES, SLAVE TRADE, DECEIT, DRUGS, USURY, WARS, ALL OF THAT UNDER THE "SPICE TRADE" LOGO. DOUBLE WOW! TODAY THEY CALL THEMSELVES HUMANITARIANS CONSERVATIONISTS AND PEACE KEEPERS OF WORLD STREET…

  • Thank you. However…what you're wrong about is that human nature includes greed, greediness. That is SUBhuman nature, not human nature. Very few people have historically attained true human nature. We rely on saints and sages, Avatars, those who have attained to various levels of Divine Realization, to demonstrate that higher quality.

  • with any luck the war machine bubble will burst

  • 3:25
    You should change that sentences..
    It was not a trade…
    It was slavery…

  • Fuckers took everything from India and left us poor with religious divide.

  • The largest company of all time " The Federal Reserve of America. "

  • Slavery was y
    Not flowers or opium
    Skavery

  • Massa Musa World 🌎 Globalization

  • nice interesting and informative video thank you and god bless

  • Slavery?

  • Some details are not mentioned. Largest GDP during the 1500s is India, which was controlling 45 of world GDP. The kings of India had spread their empire to South East India probably 500 years before. The Chinese with their naval ships were trading between Sri Lanka & China, that explains the size of GDP. When the western started exploring into Asia, they were caught by surprise on the size of the market. Dutch occupied Malaya with force, then Indonesia just to build the colony.
    In summary, all these collapsed simply due to human greed. Tulip was just 1 example, there was opium, tea, etc.

  • Very very interesting sir.
    Could you do a video on the rothchilds please. I’m sure that is very fascinating.
    Your videos are very very interesting
    A MASSIVE THANK YOU
    TONYG LONDON UK

  • I deduct from this that the fat ass movement began with spices, sugar etc. so, the demtards should pass a law to ban spices and sugar, but they won't because demtards are the fat party with soy boy fake men with double wide asses.

  • The biggest corporation in the history of the world is…The United States of America

    28 U.S. Code § 3002
    Section 15 (a)

  • History has bitter records that DEIC was aggressively engaged in slave and Indentured labour. This single business of forced labor by the Dutch and English East India Companies is wholly responsible for all the planet's race relations problems that now aggravates the European MIGRATION disasters.

  • dutch company own slaves so not a company to talk about

  • Where is British East India company?

  • great story

  • Nice intro 💕

  • Dutch east India company…. traded spices etc. from India and not Indonesia.
    At that time India alone held more than 20% of global trade.
    Kindly look for the facts first and then make videos abt. them.

  • Please make a video on East India company

  • They found land?? Such a first world way of looking at it

  • VOC STONKS and T U L I P S

  • This comoany make my grand grand father suffer

  • What with the British East-India company?

  • Again, about MAKKAH- Those believing in The 1 TRUE CREATOR(ALLAAH)
    #1- The SPOT IS KNOWN BY ALL Angels! They have 1st KAABAH IN HEAVEN BAYTU ALMA'MUWR B 4 Univ. was created & Angels on special duty circle it in prayer 4 ever! Angels put BASE OF EARTH KA'ABAH UNDER THE ORIG. Angels NEVER ERR; HAVE NO FREE WILL like spirits, humans & animals. So we who ALLAAH selected to be true believers KNOW; HE- THE 1 LORDGOD ALLAAH ALMIGHTY IS THE CREATOR RULER; ALL others; all else gets old, changes & is Kilt or Dies!

  • Who owned the D.E.I., B.E.I., Knights Templar- Global Pirates & Vatican (Roman/Persian Empire) that they conquered???
    The hugest 'corp.' in the Univ. is OWNING & CONTRACTING ALL THOSE HEADS, KINGS & etc.- satan- lucifer- diablo ibliys, prince of darkness the evil E.T. king of jaan aliens & etc.! Souls are the Most Priceless part of the human; devils trade in that & lead/arrange Human dupes to SIN as kings, super rich, Conquerer, Pharoah, etc. Status- until DOOR OF DEATH- IT'S ALL LEFT BEHIND TO THE NEXT SUCKER/VICTIMS devils can engage!
    HEARTS & SOULS ARE THE TOP TRADED PRICEMOST ITEMS IN CREATION!!! Next to them is Brain & Love …do you sell/rent yours for a pittiance; dirt cheap, a gay hour or nite?
    Grave time & forever are @ stake.

  • 7.9 trillion ain't dodo, not worth a MINIT of pain; any second 1 dirtball- Comet- FIRE or Wind, etc. WILL WIPE IT OUT! 1 QUAKE 9.9 @ FUKASHIYMA or FOGGY BOTTOM, etc. NUKE Spot.

  • none of the mentioned, right answer: Federal Reserve System

  • Indonesia? its india!!! Indonesia is not india dude

  • Very good to call human nature withour clearly define or prove it.

  • “The increasing disparity between the rich and the poor is a major destabilizing influence in the world. It produces or exacerbates regional and national conflicts, environmental degradation, crime and violence, and the increasing use of illicit drugs. These consequences of extreme poverty affect all individuals and nations. Increasingly we are becoming aware that we are all members of a single human family. In a family the suffering of any member is felt by all, and until that suffering is alleviated, no member of the family can be fully happy or at ease. Few are able to look at starvation and extreme poverty without feeling a sense of failure.”
    The Bahá’í approach to the problem of extreme poverty is based on the belief that economic problems can be solved only through the application of spiritual principles. This approach suggests that to adjust the economic relationships of society, man’s character must first be transformed. Until the actions of humankind promote justice above the satisfaction of greed and readjusts the world’s economies accordingly, the gap between the rich and the poor will continue to widen, and the dream of sustainable economic growth, peace, and prosperity must remain elusive. Sensitizing mankind to the vital role of spirituality in solving economic problems including the realization of universal equitable access to wealth and opportunity will, we are convinced, create a new impetus for change.
    A new economic order can be founded only on an unshakable conviction of the oneness of mankind. Discussions aimed at solving problems related to extreme poverty based on the premise that we are one human family rapidly expand beyond the current vocabulary of economics. They demand a wider context, one which anticipates the emergence of a global system of relationships resting on the principles of equity and justice.
    Although it will resemble the present system in many ways, the evolving economic system which Bahá’ís envision will have significant points of distinction.
    Let us take as an example the Bahá’í view of income distribution, which allows for differences but would eliminate both extreme wealth and extreme poverty. The accumulation of excessive fortunes by a small number of individuals, while the masses are in need, is, according to Bahá’í teachings, an iniquity and an injustice. Moderation should, therefore, be established by means of laws and regulations that would hinder the accumulation of excessive fortunes by a few individuals and provide for the essential needs of the masses.
    The Bahá’í writings anticipate the development of communities in which the well-being of every member is the concern of the community as a whole. The centre of such a community would include social service institutions which shall afford relief to the suffering, sustenance to the poor, shelter to the wayfarer, solace to the bereaved, and education to the ignorant.
    In the New World Order envisaged by Bahá’u’lláh, rights are inseparable from responsibilities. A fundamental purpose of life is to contribute to the advancement of civilization. Idleness and begging are unacceptable in a well-functioning society, while work performed in the spirit of service is elevated to the station of worship. Thus the right to work, the right to contribute to society, takes on a spiritual dimension, and the responsibility to be productive applies to everyone. This attitude toward work profoundly influences the Bahá’í approach to social and economic development. Communities are encouraged to identify their own needs and initiate their own projects, many of which focus on alleviating poverty. Such locally initiated projects often receive support from national or international Bahá’í institutions.
    The fostering of grassroots initiative is essential to the elimination of poverty; this concept has both moral and educational implications which demand profound study. In his report to the Sub-Commission on the Protection of Minorities, Mr. Eduardo Suesun Monroy pointed out that extreme poverty is often compounded by the deprivation of a constellation of rights guaranteed by the Declaration of Human Rights. Not only are the extremely poor in many countries deprived of their right to an adequate standard of living (article 25), and the right to choose one’s place of residence (article 13), but they are also often deprived of the right to work (article 23), the right to education (article 26), the right to social security (article 22), and the right to recourse in the courts (article 10).
    The Bahá’í International Community welcomes the establishment, in 1992 by the 47th session of the General Assembly, of an International Day for the Elimination of Poverty, designated in resolution 47-196 as October 17. We also support the request of the Commission on Human Rights, expressed in resolution 1992/11, that the Sub-Commission study the question of human rights and extreme poverty and report to the Commission at its forty-ninth session. Mr. Leandro Despouy, Special Rapporteur on this question, can count on the full cooperation of the Bahá’í International Community as he conducts his study.”
    (Baha'i International Community, 1993 Feb 12, Human Rights Extreme Poverty)

  • What about British east india company

  • Do one on Vatican

  • NOW WHEN THE WORLD WAR 3 START, ALL COMPANIES WILL HAVE NO VALUE ANYMORE, STARTING OVER AGAIN

  • How about the Hudson Bay Company?

  • what about the British East India Company?

  • This tells us the Dutch's have been not quote nice people with all their slavery, and colonialism at that time!

  • Dutch East India Company , They Still Have World Power 🙁 QC

  • you are wrong. the roman catholic company is the biggest

  • Did you SEE the ANCIENT HINDU TEMPLEs ??!

  • I'd vote for the Pentagon as the largest ever since its a quasi controlled agency more conected to industry than, government ; next of course is the Federal Reserve which is wholly separate from,the govt. Trillions of dollars is literally walk around change for them.

  • Thanks so much for this well made sliver of history!

  • Great stuff –

  • What about the british east india company?

  • 2:24 whole canada was still UNKNOWN !!

  • We will never learn

  • 5:30 "Tulips were first introduced to Europe from Turkey, and reached Amsterdam in 1554 ". Turkey was founded in 1923.

  • i knew it would be the Dutch East India Company, and I knew about the other companies as well. But I didn't know anything about the Tulips…..

  • Is even crazyer if you think about the number of dutch people back then. Around 1.5mil 😂👍

  • The people's republic of China?

  • They looted India and ruled the World..

  • Fuckers looted India through colonies and forced farmers to sell at cheap rates and thats how the built their empire , bought cheap and sold at the rate of gold, fucker have absolutely zero entrepreneur quality and goons were called a company , utter shit😂
    Fucking losers .

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