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The Whacky History of Azeroth’s Goblin Cartels (World of Warcraft Lore)

Welcome to the ultimate deep dive into the Goblin Cartels of World of Warcraft. These economic empires extend across Undermine, Kalimdor, the Eastern Kingdoms, and beyond. But how did they rise to power? And how have they shaped the fate of Azeroth? In this video, we uncover the ruthless history of these powerful cartels—Venture Company, Steamwheedle Cartel, Blackwater Cartel, and Bilgewater Cartel—and explore their role in major World of Warcraft events, from the First War to the War Within. Whats in this video: ✔️ The origins of the Goblin race and their rapid transformation from primitive beings to economic masterminds ✔️ How the Undermine became the Goblin capital and a hub for trade, crime, and innovation ✔️ The rise and history of the four Goblin Cartels and their fierce rivalries: 1. Venture Company – Ruthless industrialists destroying Azeroth’s lands 2. Steamwheedle Cartel – The global merchant empire 3. Blackwater Cartel – Booty Bay’s infamous smugglers, pirates, and outlaws 4. Bilgewater Cartel – The Horde’s Goblin powerhouse The Goblins of Azeroth don’t fight for honor or glory—they fight for gold. While the Alliance and Horde battle over ideology, Goblins stay neutral—until there’s a bigger profit to be made. From weapon deals, black-market trades, and monopolizing war supplies, the Goblin cartels thrive in chaos. Unable to outfight each other, they turned battlefields into boardrooms, using hostile takeovers, sabotage, and backdoor deals to dominate the market. Even after the Cataclysm, the Legion’s invasion, and the Fourth War, the Goblin cartels refused to fade. The Bilgewater Cartel, now a major force in the Horde, has shifted its influence to Azerite mining and war machines, while the Steamwheedle Cartel continues to profit from both factions, securing its dominance as Azeroth’s biggest trade empire. With Undermine back in the spotlight, the Goblin Cartels are preparing for their next big move. The Venture Company, now led by Chairwoman Nikki the Fixer, has set its sights on Khaz Algar, expanding its industrial empire. Meanwhile, Trade Prince Gazlowe has taken control of the Bilgewater Cartel, bringing a new era of leadership to the Horde’s Goblins. But what about Jastor Gallywix? The exiled Trade Prince has returned, and his new schemes could shake the foundation of the Goblin world. Will the Goblin Cartels survive the next power struggle? Or will they tear each other apart in the pursuit of ultimate profit? Chapters in the Cartesl History: 00:00 - 00:48 - The Goblins of Azeroth 00:48 - 02:54 - Goblin Background Lore 02:54 - 03:37 - The Liberation of Kezan 03:37 - 04:13 - Rise of the Cartels 04:13 - 06:03 - Profits of War 06:03 - 12:55 - Venture Company 12:55 - 17:50 - Steamwheedle Cartel 17:50 - 21:07 - Blackwater Cartel 21:07 - 29:32 - Bilgewater Cartel 29:32 - 32:07 - Catching Up With The Cartels 32:07 - 33:34 - To Undermine and Beyond! Appreciate your viewership! #wowclassic #wowlore #worldofwarcraft Fan Content Disclaimer: The Karazhan Library is an independent, fan-made channel dedicated to exploring the lore of World of Warcraft. This channel is not affiliated with, endorsed by, or sponsored by Blizzard Entertainment. It is created out of appreciation for the storytelling and world-building within the Warcraft universe. “World of Warcraft” and all related intellectual property, including characters, locations, artwork, and trademarks, are the sole property of Blizzard Entertainment. Any footage, images, or references used in this content are for discussion, education, and appreciation. This channel does not claim to represent official Blizzard Entertainment content or canon. For official World of Warcraft materials and updates, please visit www.worldofwarcraft.com.