The Tiny Island That Made a Fortune & Lost It All скачать в хорошем качестве

The Tiny Island That Made a Fortune & Lost It All

Welcome to the tiny island nation of Nauru. It's located in the South Pacific, a part of the world that is ripe with tiny countries. But Nauru is special; it was once the second richest country per capita in the world. And it's all thanks to bird poop. Well, guano to be specific, which is a tremendous source of phosphate, which is a tremendous source of money. And after a rough colonial past, Nauru gained independence in 1968 and took possession of their phosphate mining operation. Suddenly they had more money than they knew what to do with. And with a population of only a few thousand people, there was plenty of money to go around. People started buying sports cars, taking free trips, and going on expensive shopping sprees. Meanwhile, the government set up a trust that would allow the money to last. Except it didn't last at all, thanks to a series of terrible investments. Beyond a ton of overpriced real estate, including their own skyscraper called the Nauru House, Nauru spent millions on a national airline, failed loans, and a West End musical about Leonardo da Vinci painting the Mona Lisa. Yup, they legitimately funded a theatrical masterpiece called Leonardo the Musical: A Portrait of Love. Anyway, the country is now dealing with a ton of problems, like being the fattest country in the world, but I've already given away too much of this video in this description. And you already stopped reading after my questionable semicolon in the third sentence. 0:00 Intro 0:37 History 3:38 New Money 6:00 Investments 9:19 Losing It All 10:56 Nauru Today Sources: https://web.archive.org/web/202208081... https://web.archive.org/web/200803202... https://www.abc.net.au/listen/program... https://www.independent.co.uk/news/uk... https://web.archive.org/web/201303091... https://www.sbs.com.au/news/article/r... https://english.elpais.com/science-te...