Below you'll find brief summaries of many of the theories about who built the Money Pit and why. We'll delve into the details and possibilities in the first several issues of Enigma.
Theories - Who constructed the puzzle on Oak Island?
Captain William Kidd - the notorious privateer. Legends abound about secret caches of treasure buried by Kidd and his crew. Periodically maps have popped up alleged to be Kidd's showing the location of his treasures. There are many tales of old men on their death beds claiming to have been part of Kidd's crews and having knowledge of hidden wealth. Some of these stories point toward Oak Island.
Francis Bacon - there is a raging debate regarding the possibility that Shakespeare's play were not written by him. Some claim that Shakespeare was not educated enough to write his plays and they must have been written by someone else. Some people believe this someone else is Francis Bacon. Since no original manuscripts of Shakespeare have ever been found, the theory goes that Bacon has buried them somewhere to be found some time at some time in the future. This is a fascinating subject by itself that we'll explore under its own topic in the future.
The French - some theorize that the French may have buried money on the island as a safeguard against loss during the many battles with the English over the colonization of the Americas.
The Vikings - there is some record of Viking visitation to the Americas. Though no one knows what would have been so important to hide that such a complicated hiding place was needed, they have been offered as possible builders.
Bands of pirates - Oak Island acted as a communal bank for pirates. Each group would dig tunnels off the Money Pit shaft and bury their treasure. To retrieve it they could dig down through untouched dirt to get their cache.
Stranded Spanish Galleon - it's possible that a Spanish Galleon returning with gold and jewels from Central or South America could have been forced off course. Badly damaged, then stopped at Oak Island, hid the treasure while repairing the ship, and limped home with plans to return later with a more sea-worthy ship to retrieve their cargo.
British during American revolution - similar to the French theory. The idea is that the British hid money on the island to prevent it from falling into the hands of the revolutionaries.
Inca or Maya treasure - during the conquering of the Americas by the Europeans in the 17th and 18th centuries, much of the wealth of the Incas and Mayas disappeared. Usually rumored to have been buried or sunken at the bottom of lakes, some researchers believe that it's possible that a group of Incas or Mayas, possible with the help of sympathetic Europeans, stole away with the wealth and buried on Oak Island out of the reach of the conquerors.