What were the major financial scandals involving the Dutch East India Company?

What were the major financial scandals involving the Dutch East India Company?

One major financial scandal involving the Dutch East India Company was the Tulip Mania of 1637. During this period, the price of tulip bulbs skyrocketed to exorbitant levels, leading to a speculative bubble. Many investors, including company officials, engaged in speculative trading, causing the market to collapse and resulting in significant financial losses.

Another major financial scandal was the bankruptcy of the Dutch East India Company in 1799. Over the years, the company had accumulated massive debts and faced declining profits. Corruption, mismanagement, and embezzlement by company officials further exacerbated the financial crisis, ultimately leading to its bankruptcy.

These financial scandals highlighted the risks and vulnerabilities of the Dutch East India Company's operations and contributed to its eventual decline and dissolution.