You updated your password.

Reset Password

Enter the email address you used to create your account. We will email you instructions on how to reset your password.

Forgot Your Email Address? Contact Us

5

Buried Treasure and Pirate Economics

Lecture no. 5 from the course: The Real History of Pirates

Loading the player...

Taught by Professor Manushag N. Powell | 26 min | Categories: History

Acquiring loot in one form or another was, and still is, a key part of pirate life. But very few would ever hit it big or try to bury their treasure on a deserted island. Explore the business aspect of piracy—incentive pay, expenses, and insurance—the few aspects of life pirates could control. Piracy was a “no prey, no pay” system, and the risk of no pay was very real.

Start Your FREE Trial