During the 17th century, European nations dominated the world by aggressively establishing colonies across the globe.

Late in that century, Scotland sought to join the ranks of these colonial powers, with an ambitious effort to seize control of the Darien region in Panama.

This attempt to gain a colonial foothold in the Americas, began with tremendous national optimism,

and unified the country as no prior venture ever had. And it was a total disaster. Learn more

about the Darien scheme, and Scotland's failed attempt at becoming a colonial power on this

episode of Everything Everywhere Daily.

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If you're anything like us, the hardest part is getting started.

That's why we created the Investing for Beginners podcast. Our goal is to help simplify money so it can work for you. We invite guests to demystify investing. At least like the minimum 10% into the 401k. I'm Dave Ahern and I'm Andrew Sather.

And we hope you join us on the Investing for Beginners podcast.

On the Investing for Beginners podcast.

In the 17th century, the world's powers were established showing lucrative overseas colonial

holdings under the banner of mercantilism.

Mercantilism, which will be the subject of a future episode, held that trade was a zero-sum

contest. The easiest way to achieve that was for a nation to have a favorable balance of trade,

...