Economy
The Tayouan factory (as VOC trading posts were called) was to become the second-most profitable factory in the whole of the Dutch East Indies (after the post at Hirado/Dejima), although it took 22 years for the colony to first return a profit. Benefitting from triangular trade between themselves, the Chinese and the Japanese, plus exploiting the natural resources of Formosa, the Dutch were able to turn the malarial sub-tropical bay into a lucrative asset. A cash economy was introduced (using the Spanish real,which is used by VOC) and the period also saw the first serious attempts in the island's history to develop it economically.
Read more about this topic: Dutch Formosa
Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)