East Indies East Indies The East Indies or the Indies are the lands of South and Southeast Asia. In a more restricted sense, the Indies can be used to refer to the islands of Southeast Asia, especially the Indonesian Archipelago and the Philippine Archipelago. The name "Indies" is derived from the River Indus and is used to connote parts of Asia that came under Indian cultural influence. Dutch-occupied colonies in the area were known for about 300 years as the Dutch East Indies before Indonesian independence, while Spanish-occupied colonies were known as the Spanish East Indies before the American conquest and later
Netherlands Indies gulden power in the East, but the unfamiliar coins were rejected in favour of the well-known 8 Real coins produced by Spain and its possessions, which were accepted all over the world. The Spanish coins remained the preferred large silver (trade) coin in the Indies until the 19th century. In 1602, the United East India Company (VOC) was formed from six trading companies in the Netherlands, and granted a trade monopoly over the Indies. In 1619 the Company established its capital at Jacatra, which it called Batavia. It gradually spread its influence over Java, and established control over Sumatra in 1667