yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

How Scotland Joined Great Britain


2m read
·Nov 7, 2024

Back in the 1690s, there were only two countries on the island of Great Britain: The Kingdom of Scotland and the Kingdom of England. England and the other great European powers were doing rather well for themselves by expanding their empires through the cunning use of flags. Scotland had no empire but wanted to join in the game, and thus needed to establish a colony of her very own. But where to build it?

"Panama!" declared Scotland. She imagined the colony's strategic location would make trade with the Far East safer and faster by eliminating the long journey around the hazardous Cape of Good Hope and Cape Horn, where both wind and wave delight in smashing ships against rock and ice. "Who will lend me money to make this great idea a reality?" asked Scotland.

No one, was the answer. Instead of helping, the European empires started trade wars with Scotland to limit the power of their future rival. So, poor Scotland had to fund the project herself. She gathered up all the money she could, literally put it all in a big box and, capital thusly raised, sent off a colonial ship.

400,000 pounds, 8,000 kilometers, and 111 days later, 2,500 Scotsmen landed on the shores of Panama, named it 'New Caledonia,' and immediately discovered a few small problems with their plan: First, the mountains on the western side of Panama were a wee bit larger than expected, making overland trade pretty much impossible. Even if they had thought of building a canal, the technology to do so was still 200 years away.

Second, the woolen goods brought to trade with the locals were useless in the endless heat and humidity. Third, the Spanish Conquistadors had already planted flags on the sandy beaches and weren't too happy to see the Scots arrive. And fourth, without adequate supplies, disease, such as the perennial tropical favorite, Dysentery, spread quickly.

Two years and 2,000 dead Scots later, they abandoned the project. Now, this wasn't the first failed attempt at Scottish empire—early colonies had been tried and abandoned in Nova Scotia, New Jersey, and Carolina, but the Panama debacle was particularly devastating to Scotland because she was over-invested. Remember that money-in-a-box?

Turns out it was a fifth of the wealth of the whole country. Oops. Scotland's sudden impoverishment proved a golden opportunity for The Kingdom of England, who was growing increasingly worried that her neighbor to the North would ally with an enemy. England offered Scotland a deal that would reimburse Scotland for her losses if she voted for union.

In 1707, Scotland agreed, and the Kingdom of Great Britain was born. While the surrender of independence was unpopular in Scotland, her economy improved with access to once English (now British) trade routes, and she played a formative role in what would soon be the largest empire in human history. That being said, still more than 300 years later, Scotland has never fully given up her national identity and thoughts of independence.

More Articles

View All
Charlie Munger: How Our Simple Method Effortlessly Beats The Market
If you’re a young investor and you can sort of stand back and value stocks as businesses and invest when things are very cheap no matter what anybody is saying on television or what you’re reading, and perhaps if you wish sell when people get terribly ent…
Michael Burry Warns of Greatest Stock Market Bubble EVER
Well, Michael Burry is back, baby! I thought he was gone forever. And we just have to follow him through the Scion Asset Management 13Fs from now on. However, he is back! His Twitter is back online, at least for now, and he has some pretty interesting thi…
HOW TO UNDERSTAND YOURSELF | MARCUS AURELIUS | STOICISM
The Stoic Greeks had the maxim, know thyself. How do we in this digital age come to know ourselves in terms of our personalities and, more importantly, our potential? In this video, you will learn eight transformative Stoic techniques to really know yours…
Linking function of the colon | The Colon and semicolon | Punctuation | Khan Academy
Hello Garans! In this video, I’m going to tell you about a piece of punctuation called the colon. The colon is these two little dots right here, one stacked on top of the other, and it has quite a few functions, just like a lot of other pieces of punctuat…
How the algorithm controls your life
One thing that I’m really starting to notice is that it’s becoming extremely difficult not to spend all of our time on social media, on the internet, and all of that during these times of isolation. As if it wasn’t already a huge problem. And it kind of m…
Imploding Drum
Today I’m at the University of Sydney with Dr. Phil, and we’re talking about the pressure that all of us are under. You are under a lot of pressure, probably 10,000 kg. 10,000 kg is pressing in on my whole body, all from all sides. Where does all this pre…