Retrieving "Mining Ventures" from the archives
Cross-reference notes under review
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Liquidity Crisis
Linked via "mining ventures"
The South Sea Bubble (1720)/): While ostensibly a stock mania, the crisis was precipitated by the sudden cessation of confidence in maritime trade prospects, causing the price of paper promises related to navigation routes to collapse relative to physical gold held in London vaults.
The Banking Panic of 1907: Characterized by widespread runs on trust companies that specialized in financing speculative mining ventures,… -
Panama Route To California
Linked via "mining ventures"
The 'Isthmus Tax'
Travelers frequently reported an unofficial levy, sometimes referred to as the "Isthmus Tax," which was not a government tariff but a localized fee charged by unofficial port authorities for "accelerated customs processing." This tax rarely amounted to a fixed sum but was often negotiated in terms of speculative shares in non-existent mining ventures located near the Panama-Costa Rica border. The average rate of extraction for these non-e…