🔗 The Darien Scheme

🔗 Politics of the United Kingdom 🔗 Scotland 🔗 Central America

The Darien scheme was an unsuccessful attempt at establishing a Scottish colony on the Isthmus of Panama on the Gulf of Darién in the late 1690s. The aim was for the colony to have an overland route that connected the Pacific and Atlantic oceans. From its contemporary time to the present day, claims have been made that the undertaking was beset by poor planning and provisioning, divided leadership, a lack of demand for trade goods particularly caused by an English trade blockade, devastating epidemics of disease, collusion between the English East India Company and the English government to frustrate it, and a failure to anticipate the Spanish Empire's military response. It was finally abandoned in March 1700 after a siege by Spanish forces, which also blockaded the harbour.

As the Company of Scotland was backed by approximately 20% of all the money circulating in Scotland, its failure left the entire Lowlands in substantial financial ruin and was an important factor in weakening their resistance to the Act of Union (completed in 1707). The land where the Darien colony was built, in the modern province of Guna Yala, is virtually uninhabited today.