Current:Home > StocksThe case of the serial sinking Spanish ships-LoTradeCoin
The case of the serial sinking Spanish ships
View Date:2024-12-23 22:55:51
Picture the Pacific Ocean of the 16th century. Spanish Galleons sail the wide open seas, carrying precious cargo like silver, porcelain, and textiles. The waters are dangerous; ship logs show concerns over pirates. But pirates are not to blame for a mysterious event that keeps happening.
For, you see, one in five of the ships leaving from the port of Manila didn't make it to Acapulco. It's a shipwrecking rate much higher than rates for other routes of the time. And the mystery of the serial shipwrecking Spanish ships remains unsolved, until today.
Everyone involved with these Spanish ships were aligned in a goal: Don't wreck the Spanish ships. And yet, wreck they did. Three economists took a look at the incentives for profit and risk at the time, and found the key to unlocking this ancient booty (of knowledge).
This episode was hosted by Mary Childs and Kenny Malone. It was produced by James Sneed, edited by Jess Jiang, fact-checked by Sierra Juarez, and engineered by Cena Loffredo. Alex Goldmark is Planet Money's executive producer.
Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Always free at these links: Apple Podcasts, Spotify, Google Podcasts, the NPR app or anywhere you get podcasts.
Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.
Music: SourceAudio - "Paradetas," "Espanoletta," "Old Masters Of The Golden Age," and "Canarios."
veryGood! (31761)
Related
- Is Kyle Richards Finally Ready to File for Divorce From Mauricio Umansky? She Says...
- Video shows mules bringing resources to Helene victims in areas unreachable by vehicles
- Indiana man sentenced for neglect after rat attack on his infant son
- Lionel Messi, Inter Miami's first playoff game will be free to fans on Apple TV
- Vikings' Camryn Bynum celebrates game-winning interception with Raygun dance
- NHL predictions for 2024-25 season: Who will win Stanley Cup, top awards?
- Biden arrives in SC amid states' grueling recovery from Helene: Live updates
- Chad Ochocinco, Steelers legend James Harrison to fight in MMA bout before Super Bowl
- New York nursing home operator accused of neglect settles with state for $45M
- Where Is the Desperate Housewives Cast Now?
Ranking
- Gun groups sue to overturn Maine’s new three-day waiting period to buy firearms
- BioLab fire: Shelter-in-place continues; Atlanta residents may soon smell chlorine
- Luke Bryan Explains Why Beyoncé Was Snubbed at 2024 CMA Awards
- Georgia attorney general appeals a judge’s rollback of abortion ban
- Week 10 fantasy football rankings: PPR, half-PPR and standard leagues
- Outer Banks’ Madelyn Cline Seemingly Confirms Kiara and JJ’s Relationship Status in Season 4
- Google’s search engine’s latest AI injection will answer voiced questions about images
- How Lady Gaga and Michael Polansky’s Romance Was Born
Recommendation
-
'Wanted' posters plastered around University of Rochester target Jewish faculty members
-
Outer Banks’ Madelyn Cline Seemingly Confirms Kiara and JJ’s Relationship Status in Season 4
-
Down 80%: Fidelity says X has plummeted in value since Elon Musk's takeover
-
Toyota Tacoma transmission problems identified in 2024 model, company admits
-
Ex-Duke star Kyle Singler draws concern from basketball world over cryptic Instagram post
-
Ron Hale, General Hospital Star, Dead at 78
-
NHL predictions for 2024-25 season: Who will win Stanley Cup, top awards?
-
Parole rescinded for former LA police detective convicted of killing her ex-boyfriend’s wife in 1986