Hoist the Black Flag 2021 History In this documentary series we will see how the real-life pirates of the Caribbean violently plunder, stealing and form a surprisingly egalitarian republic. The historical drama portrays the rise and fall of the eponymous early-18th century pirate republic based in Nassau, Bahamas. The series begins in 1715, shortly after the close of the War of the Spanish Succession, which pitted England against Spain. England had waged the war on the cheap, resorting to the use of privateers rather than incurring the expense of fully funding the Royal Navy. The ending of this war leaved thousands of Caribbean privateers unemployed, when the wreck of a treasure fleet creates new opportunities.