The Darién Scheme: Ships Leave Scotland for Isthmus of Panama (1698)

In 1695, the Scottish Parliament passed an act chartering a trading company to open trade with Africa and the Indies in the hope that this would make Scotland a world trading nation. Backed by about a quarter of the country’s liquid assets, the Darién Company tried to establish a colony on the Isthmus of Panama to compete with the Dutch and Spanish, but both of its expeditions failed, nearly bankrupting Scotland in the process. The failures led to what acts of Parliament? Discuss


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