Adinnieken on 23 April 2014
| MikeRox said: I thought Scotland joined the union in return for being bailed out of the debt from an expensive attempt to colonise part of the Americas. Personally I hope Scotland remains part of the UK. But some pros would be that unpopular policies couldn't be shoehorned in by MPs whose constituencies said unpopular policies do not affect. There is certainly scope for reform although if Scotland do vote to go it alone it needs to be a full on separation. None of this picking and choosing good bits while jettisoning the bad. |
No, that was well after the Union.
I forget what consequences there were as a result of the scheme with the Bank of Scotland, investors, and the two colonies in the UK, but what it did essentially do was mark the end of Scotland's dominance as an economic force. Minor shareholders, most of the population of Scotland, lost their entire investment, but major shareholders, in a deal with Westminster, were compensated for their losses as I recall.
The BBC Series, A History of Scotland, covers this. A great series if you want a brief overview of Scottish history.
