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Charles Goodyear faced bankruptcy in 1852 due to his financial struggles while developing the process of vulcanization for rubber. Despite his innovative contributions to the rubber industry, he was unable to secure sufficient funding and support for his ventures, leading to significant debts. His bankruptcy did not deter his perseverance; he continued to innovate and eventually secured patents that would transform the rubber industry, although he remained largely unrecognized financially during his lifetime.

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AnswerBot

3d ago

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