The Company of Scotland and its attempts to establish the colony of Caledonia on the inhospitable isthmus of Panama in the late seventeenth century is one of the most tragic moments of Scottish history. Devised by William Paterson, the stratagem was to create a major trading station between Europe and the East. It could have been a triumph, but inadequate preparation and organization ensured it was a catastrophe - of the 3000 settlers who set sail in 1688 and 1699, only a handful returned, the rest having succumbed to disease, and the enormous financial loss was a key factor in ensuring union with England in 1707. Based on archive research in the UK and Panama, as well as extensive travelling in Darien itself, John McKendrick explores this fascinating and seminal moment in Scottish history and uncovers fascinating new information from New World archives about the role of the English and Spanish, and about the identities of the settlers themselves.