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Around 1900, a rock used as a doorstop in a Sydney office turned out to be phosphate — and it came from Nauru, a coral island of just 21 km² in the middle of the Pacific. Over the next century, about 80% of the island was mined away. After independence in 1968, the money poured in. By one economist's estimate, Nauruans were briefly among the richest people on Earth. Then the phosphate ran low, the national trust fund lost about three quarters of its value, and the country ended up on a money-laundering blacklist before rebuilding on outside income. Note: "second only to Saudi Arabia" is an estimate by economist Helen Hughes (Centre for Independent Studies, 2004). World Bank/UN series rank Nauru lower. Chapters 0:00 The doorstop 0:57 The Doorstop 1:35 Bird Rock 2:45 The Boom 3:36 The Trust 4:30 The Fall 5:28 The Bill 7:09 Today 7:09 The Scorecard Sources · World Bank Open Data (GDP, GDP per capita, population, smoking) — early years are World Bank/UN estimates · ANU Development Policy Centre (Nauru: riches to rags to riches, 2021), IMF 2025 Article IV · International Court of Justice (Certain Phosphate Lands in Nauru), Australian treaty records (1993 settlement) · UK National Archives (British Phosphate Commissioners), US Bureau of Mines Minerals Yearbook, USGS · FATF and US FinCEN (2000–2008), WHO STEPS survey (2025), RNZ Map data: Terrain Tiles (Mapzen / AWS Open Data: SRTM, GMTED, ETOPO1) · Natural Earth (public domain) Thumbnail photos (Wikimedia Commons): Nauru(47) by Vladimir Lysenko (I.) (CC BY-SA 4.0); Pinnacles after secondary mining (15410829361) by Sean Kelleher from Melbourne, Australia (CC BY-SA 2.0) Music: "Ambiment" by Kevin MacLeod (incompetech.com), licensed under Creative Commons: By Attribution 4.0 — creativecommons.org/licenses/by/4.0/ Narration is AI-generated (synthetic voice). Illustrations are AI-generated for explanation and are not real photographs. This video is for education only and is not financial advice. #Nauru #Economics #History

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