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
Change in supply versus change in quantity supplied | AP Macroeconomics | Khan Academy
We’re going to continue our discussion on the law of supply, and in particular, in this video, we’re going to get a little bit deeper to make sure we understand the difference between a change in supply. I’m just using the Greek letter delta here for shor…
How to Read When You Hate Reading - 5 Tips and Tricks
If you’re anything like me, you like the idea of reading. But when it actually comes time to buckle down, sit on a chair, pick up a book, and read, you have a hard time focusing, let alone really enjoying it. And maybe you’ve thought to yourself, “Well, I…
Robinhood Just Got Cancelled
What’s up, you guys? It’s Graham here! So, you might have recently noticed that something has been missing from the channel lately, and no, it’s not the free stock you can get worth all the way up to $50 down below in the description. Instead, it’s some …
Letting Go Of Resentment (Stoic & Buddhist perspectives)
There’s something special I would like to share with you today because very recently life taught me another lesson about resentment. Letting go of resentment is actually a lot easier than the mind makes us believe. I would like to share with you what I’ve…
Joel Greenblatt on How to Achieve a 40% Return a Year
So if you believe what Ben Graham said, that this horizontal line is fair value, and this wavy line around that horizontal line are stock prices, and you have a disciplined process to buy perhaps more than your fair share when they’re below the line, and …
The Second Amendment | The National Constitution Center | US government and civics | Khan Academy
[Kim] Hi, this is Kim, from Khan Academy, and today I’m learning about the Second Amendment to the U.S. Constitution, which states that, “A well regulated militia being necessary to the security of a free state, the right of the people to keep and bear ar…