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<blockquote data-quote="Ffermer Bach" data-source="post: 7667936" data-attributes="member: 51054"><p>I think we need to remember, the reason we have a union between Scotland and the rest of the UK, is because Scotland was essentially bankrupt, and the Scots rulers wanted the union, to be bailed out (from their abortive empire building in South America). I wonder if this fact is taught in school? Or do they just watch Braveheart?</p><p></p><p><span style="font-size: 22px"><strong>Consequences of failure[<a href="https://en.wikipedia.org/w/index.php?title=Darien_scheme&action=edit&section=8" target="_blank">edit</a>]</strong></span></p><p>The failure of the Darien colonisation project has been cited as one of the motivations for the 1707 <a href="https://en.wikipedia.org/wiki/Acts_of_Union_1707" target="_blank">Acts of Union</a>.<a href="https://en.wikipedia.org/wiki/Darien_scheme#cite_note-33" target="_blank">[30]</a> 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 <a href="https://en.wikipedia.org/wiki/English_overseas_possessions" target="_blank">English overseas possessions</a> and so its future would have to lie in unity with England. Furthermore, Scotland's nobles were almost bankrupted by the Darien fiasco.</p><p></p><p>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 the <a href="https://en.wikipedia.org/wiki/Pound_Scots" target="_blank">Scottish shilling</a> was given the fixed value of an English penny. Personal Scottish financial interests were also involved. Scottish commissioners had invested heavily in the Darien project and believed that they would receive compensation for their losses. The 1707 Acts of Union,<a href="https://en.wikipedia.org/wiki/Darien_scheme#cite_note-34" target="_blank">[31]</a> Article 15, granted £398,085 10s sterling to Scotland to offset future liability towards the English national debt. This amount equates to about £100,000,000 in 2020 money.<a href="https://en.wikipedia.org/wiki/Darien_scheme#cite_note-35" target="_blank">[32]</a></p></blockquote><p></p>
[QUOTE="Ffermer Bach, post: 7667936, member: 51054"] I think we need to remember, the reason we have a union between Scotland and the rest of the UK, is because Scotland was essentially bankrupt, and the Scots rulers wanted the union, to be bailed out (from their abortive empire building in South America). I wonder if this fact is taught in school? Or do they just watch Braveheart? [SIZE=6][B]Consequences of failure[[URL='https://en.wikipedia.org/w/index.php?title=Darien_scheme&action=edit§ion=8']edit[/URL]][/B][/SIZE] The failure of the Darien colonisation project has been cited as one of the motivations for the 1707 [URL='https://en.wikipedia.org/wiki/Acts_of_Union_1707']Acts of Union[/URL].[URL='https://en.wikipedia.org/wiki/Darien_scheme#cite_note-33'][30][/URL] 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 [URL='https://en.wikipedia.org/wiki/English_overseas_possessions']English overseas possessions[/URL] and 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 the [URL='https://en.wikipedia.org/wiki/Pound_Scots']Scottish shilling[/URL] was given the fixed value of an English penny. Personal Scottish financial interests were also involved. Scottish commissioners had invested heavily in the Darien project and believed that they would receive compensation for their losses. The 1707 Acts of Union,[URL='https://en.wikipedia.org/wiki/Darien_scheme#cite_note-34'][31][/URL] Article 15, granted £398,085 10s sterling to Scotland to offset future liability towards the English national debt. This amount equates to about £100,000,000 in 2020 money.[URL='https://en.wikipedia.org/wiki/Darien_scheme#cite_note-35'][32][/URL] [/QUOTE]
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