the darien scheme and the hanoverian succession

the darien scheme was a disaster for scotland

-scotlands economy was in crisis in the 1690s

-difficult to trade with europe because of nine years war

-poor harvests caused widespread famine

darien scheme launched in 1690s:

-scottish trading colony set up in darien

-hoped it would revive scotlands economy by enabling scots to participate in international trade

scheme was a disaster:

colonists suffered disease and starvation and were attacked by the spanish who claimed the darien belonged to them

more than 2000 colonists died and 25% of scotlands financial rescources were lost

the english east india company opposed the darien scheme as it threatened their monopoly on trade with india

company prevented any english investment in the scheme

king…