Cryptocurrency Q&A
Why did VOC collapse?
Why did VOC collapse?
EthereumEliteGuard
Sun Nov 24 2024
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6 answers
1212
VOC, once a prominent company, suddenly collapsed. I'm curious about the reasons behind its downfall. What factors led to its collapse? Was it mismanagement, financial issues, or something else entirely?
6 answers
Sara
Tue Nov 26 2024
Corruption was also a significant issue, with officials often engaging in unethical practices for personal gain.
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SsangyongSpirit
Tue Nov 26 2024
The fierce competition from the English East India Company further exacerbated the VOC's problems.
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Bianca
Tue Nov 26 2024
The English East India Company had a stronger presence in key trading routes and was more financially stable.
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Raffaele
Tue Nov 26 2024
The Dutch East India Company, or VOC, faced numerous challenges that contributed to its gradual decline.
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Lorenzo
Tue Nov 26 2024
By the end of the 18th century, the VOC's situation had become dire. In 1796, the company officially went bankrupt.
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