Caledonia

Caledonia is a story of greed, euphoria and mass delusion. It is the story of a small, poor country mistaking itself for a place that is both big and rich. It is an ancient story for modern times.

William Paterson was a financial adventurer who in 1698 devised one of the most daring and disastrous speculations of all time. His plan: to found a Scottish colony in Darien on the isthmus of Panama in C...