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The colonial state would be succeeded by the Indonesian Republic after World War II. By the early 21st century, Indonesia rose to be the largest economy in Southeast Asia, as one of the emerging market economies of the world, a member of G-20 major economies and classified as a newly industrialised country. [1]
The world wide recession of the late 1880s and early 1890s saw the commodity prices on which the Indies depended collapsed. Journalists and civil servants observed that the majority of the Indies population were no better off than under the previous regulated Cultivation System economy and tens of thousands starved. [ 1 ]
Today, Indonesia, a nation with over 270 million people, is known for its diversity and multiculturalism, rooted in its rich history. Despite facing challenges such as political instability and economic crises, Indonesia has continued to develop its economy and plays a significant role in the Southeast Asian region.
In the late 19th century economic growth was based on heavy world demand for tea, coffee and cinchona. The government invested heavily in a railroad network (240 km or 150 mi long in 1873, 1,900 km or 1,200 mi in 1900), as well as telegraph lines, and entrepreneurs opened banks, shops and newspapers.
3.1 Business people. 3.2 Business ... one of the leading experts on Indonesian history during the 19th century Dutch ... 12th Speaker of Indonesia People's ...
At the start of the 19th century, official colonisation of the East Indies started and the territorial claims of the VOC expanded into a fully fledged colony named the Dutch East Indies. The existing pre-colonial Indo-European communities were considerably complemented with Indos descending from European males settling in the Dutch East Indies.
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