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Topic: Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Currency Union
Posted by: Andrew Craig
Date/Time: 03/09/14 11:52:00

Would not be the first time , from 1690 they did that to themselves with the Darien scheme then asked England to bail them out

If nothing else, read the consequences of failure section at the bottom.. infact I will copy it for ease.

The failure of the Darien colonization project has been cited as one of the motivations for the 1707 Acts of Union.[17] According to this argument, the Scottish establishment (landed aristocracy and mercantile elites) considered that their best chance of being part of a major power would be to share the benefits of England's international trade and the growth of the English Empire, so its future would have to lie in unity with England. Furthermore, Scotland's nobles were almost bankrupted by the Darien fiasco.

Some Scottish nobility petitioned Westminster to wipe out the Scottish national debt and stabilise the currency. Although the first request was not met, the second was and a Scottish Pound was given the fixed value of a shilling. Personal Scottish financial interests were also involved. Scottish commissioners had invested heavily in the Darien project and they believed that they would receive compensation for their losses. The 1707 Acts of Union, Article 15, granted 398,085 10s sterling to Scotland to offset future liability towards the English national debt.

Entire Thread
TopicDate PostedPosted By
Currency Union02/09/14 22:57:00 Anne England
   Re:Currency Union02/09/14 23:02:00 Huw Burford-Taylor
      Re:Re:Currency Union02/09/14 23:07:00 Pete Mayes
         Re:Re:Re:Currency Union02/09/14 23:07:00 Pete Mayes
      Re:Re:Currency Union02/09/14 23:10:00 Anne England
         Re:Re:Re:Currency Union03/09/14 08:25:00 Susan Kelly
            Re:Re:Re:Re:Currency Union03/09/14 08:41:00 Huw Burford-Taylor
               Re:Re:Re:Re:Re:Currency Union03/09/14 08:48:00 Andrew Cumming
                  Re:Re:Re:Re:Re:Re:Currency Union03/09/14 09:47:00 Andrew Cumming
                  Re:Re:Re:Re:Re:Re:Currency Union03/09/14 10:10:00 Anne England
                     Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 10:24:00 Andrew Cumming
   Re:Currency Union03/09/14 09:50:00 Richard Greenhough
      Re:Re:Currency Union03/09/14 10:03:00 Huw Burford-Taylor
         Re:Re:Re:Currency Union03/09/14 10:09:00 Vanessa Smith
            Re:Re:Re:Re:Currency Union03/09/14 10:26:00 Andrew Cumming
               Re:Re:Re:Re:Re:Currency Union03/09/14 11:26:00 Anne England
               Re:Re:Re:Re:Re:Currency Union03/09/14 12:24:00 Anne England
                  Re:Re:Re:Re:Re:Re:Currency Union03/09/14 12:36:00 Andrew Cumming
                     Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 12:57:00 Anne England
                        Re:Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 13:00:00 Andrew Cumming
            Re:Re:Re:Re:Currency Union03/09/14 12:04:00 Richard Greenhough
         Re:Re:Re:Currency Union03/09/14 10:11:00 Ann Williams
            Re:Re:Re:Re:Currency Union03/09/14 10:13:00 Anne England
               Re:Re:Re:Re:Re:Currency Union03/09/14 10:22:00 Keith Iddon
               Re:Re:Re:Re:Re:Currency Union03/09/14 10:30:00 Sam Hearn
                  Re:Re:Re:Re:Re:Re:Currency Union03/09/14 10:34:00 Susan Kelly
                     Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 10:50:00 Sam Hearn
                  Re:Re:Re:Re:Re:Re:Currency Union03/09/14 10:42:00 Andrew Cumming
                     Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 10:53:00 Andrew Craig
                        Re:Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 10:58:00 Colin Jordan
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 11:07:00 Andy Pease
                              Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 11:13:00 Andrew Cumming
                                 Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 11:15:00 Huw Burford-Taylor
                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 11:18:00 Andrew Cumming
                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 11:25:00 Huw Burford-Taylor
                                          Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 11:34:00 Andrew Cumming
                                             Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 11:38:00 Anne England
                                                Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 11:40:00 Andrew Cumming
                                          Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 12:07:00 Richard Greenhough
                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 11:52:00 Andrew Craig
                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 11:59:00 Andrew Cumming
                                          Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 12:23:00 Ann Williams
                                             Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 12:26:00 Anne England
                                                Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Currency Union05/09/14 10:09:00 Anne England
                                                   Re:rUK - alternatives05/09/14 10:28:00 Richard Greenhough
                                          Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 12:26:00 Michael Robinson
                                             Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Currency Union03/09/14 13:36:00 Richard Greenhough
                                             Re:Currency Union03/09/14 13:42:00 Andy Rooney
                                                P.S: Re: Ireland and punt vs pound03/09/14 13:54:00 Andy Rooney
                                                   Re:P.S: Re: Ireland and punt vs pound05/09/14 10:50:00 Rob Reynolds
                                                      Re:Re:P.S: Re: Ireland and punt vs pound05/09/14 10:56:00 William Luckman
                                                      Re:Re:P.S: Re: Ireland and punt vs pound05/09/14 11:22:00 Andrew Cumming
                                                         Re:Re:Re:P.S: Re: Ireland and punt vs pound05/09/14 11:31:00 Anne England
                                                            Re:Re:Re:Re:P.S: Re: Ireland and punt vs pound05/09/14 12:05:00 Rob Reynolds
                                                            Re:Re:Re:Re:P.S: Re: Ireland and punt vs pound05/09/14 12:22:00 Andrew Cumming
                                                               Re:Re:Re:Re:Re:P.S: Re: Ireland and punt vs pound05/09/14 12:32:00 Guy Lambert
                                                                  Re:Re:Re:Re:Re:Re:P.S: Re: Ireland and punt vs pound05/09/14 13:15:00 Michael Robinson
                                                                     Re:Re:Re:Re:Re:Re:Re:P.S: Re: Ireland and punt vs pound05/09/14 13:27:00 Guy Lambert

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