![]() As a consequence its possessions in the archipelago passed into the hands of the Dutch crown in 1800. In 1796 the VOC went bankrupt and was nationalized by the Dutch state. ![]() However, mismanagement, corruption and fierce competition from the English East India Company resulted in the slow demise of the VOC towards the end of the 18th century. This Dutch trading company had been a major power in Asian trade since the early 1600s, but started to develop an interest to interfere in indigenous politics on the island of Java in the 18th century as that would improve their hold on the local economy. During the course of the 18th century the Dutch United East India Company ( Vereenigde Oost-Indische Compagnie, abbreviated VOC) had established itself as the dominating economic and political power on Java after the crumbling and collapse of the Mataram empire.
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