Effects of Bankruptcy

[unmerged(3199)]

I'm new at this game - so I'm just trying out a few GC's to learn the ropes.

I had a quick bash with England trying to take out the Scots - ended with a stability of about -8 and more rebellions that you could shake a stick at. The country collapsed in flames in about 50 years !

Next up was Portugal - focussing purely on exploration and colonizing. Worked out quite nicely, I got the Brazil area, South Africa, Southern India and a CoT in Cochin !

However, it all went horribly wrong in rather spectacular fashion. I was pushing to increase Trade Level to see what effect this would have while I was in the enviable position of having about 18/20 of 1300d trade in Cochin. Had a few loans on the go (part of a planned invasion into Andalusia to fulfill a mission - never quite happened 'though) and the economy was getting wilder and wilder. I crept to within about 500d of the next Trade Level (target about 20,000) when BANG ! Bankruptcy ! All my investments wiped out and my target date for the next Trade Level set back 75 years.

When I saw my 19000+ investment in Trade Level wiped out I could have cried ! Instead, I did the honourable thing and took the 17C equivalent of my loaded service revolver into my study after dinner.

So anyway - did I interpret that correctly - did Bankruptcy *really* wipe out my investments ?

If so, why ? With the relatively small steps of the Land and Naval tech, it's not too painful, sets you back a couple of years I guess. But with the big steps of Infrastructure and Trade it seems more of a big deal.

Also, if anyone has a top tip on economic strategy, I'd be pleased to hear it. It seems I'm on the breadline the whole time.

SloBoy

 

[hjarg]

Bankrupcy is a horrible thing... besides wiping you infra and trade research, it lowers your troops morale for 5 years, lowers stability and in 1.08 also increases inflation. So be careful and try not to loan.

Advice: try to advance more slowly: remember, you have 300 years of gameplay... Try to avoid loans and try to manage with your yearly income only... And promote tax collectors and chief judges... they help to increace your income a bit. And ignore those missions!

 

[unmerged(548)]

Also, if anyone has a top tip on economic strategy, I'd be pleased to hear it.

Avoid taking loans, or learn to handle bankrupcies =)

 

[unmerged(2456)]

Taking loans out is fine, if you really need the money in an emergancy, but only in an emergancy (Say ur army just got wiped out and your country is in turmoil from a civil war and the threat of many new splinter nations forming is quite close to being a relality if you don't put down the threat now. That is a case for a loan. Just take out only what you need and make sure you start saving to repay or you can make 600+ a year like me.