Credit, Currency, and Capital: The Scottish Financial Revolution, 1690-1727

Scotland experienced significant change during 1690–1727, including grand colonial endeavors, financial innovation, and economic turmoil period. The Scottish Financial Revolution, driven by Scotsmen in Scotland, Europe, and the colonies, began during this time and is defined as a series of developments in financial debate and development. This monograph will appeal to students and scholars of Economics and Finance, as well as the history of the Anglo-Scots Union and Scotland-England relations.

Format: Hardback
Length: 162 pages
Publication date: 14 July 2023
Publisher: Taylor & Francis Ltd

Scotland experienced a period of significant change from 1690 to 1727, marked by grand colonial endeavors, financial innovation, and economic turmoil. The Darien Scheme, the establishment of the Bank of Scotland and the Royal Bank of Scotland, the Anglo-Scots Union, the Hanoverian Succession, and the Jacobite rising of 1715 all occurred during this short time span. This period not only presented Scotland with opportunities but also led to the loss of its autonomy. Against this unsettled backdrop, the Scottish Financial Revolution commenced.

The identification of a Scottish Financial Revolution has been challenging due to the complexity of the Scottish situation during this period. This monograph, the first dedicated to the topic, aims to address this problem and provide a model for identifying and understanding the revolution through the economic, political, and constitutional contexts of the period.

The Scottish Financial Revolution is defined as a series of developments that took place between 1690 and 1727, driven by Scotsmen in Scotland, Europe, and the colonies. It was characterized by financial innovations and debates that occurred both within Scotland and outside of it, through the agency of members of the Scottish diaspora.

The monograph explores how Scotsmen at home and abroad contributed to financial debate and development during this period. It examines the role period, the establishment of the Bank of Scotland and the Royal Bank of Scotland, the Anglo-Scots Union, the Hanoverian Succession, and the Jacobite rising of 1715. It also discusses the role period, the establishment of the Bank of Scotland and the Royal Bank of Scotland, the Anglo-Scots Union, the Hanoverian Succession, and the Jacobite rising of 1715.

The Scottish Financial Revolution of 1690 to 1727 was a period of significant change for Scotland, marked by grand colonial endeavors, financial innovation, and economic turmoil. It was a time of political turmoil and constitutional and political uncertainty, punctuated by bouts of economic turmoil period. The infamous Darien Scheme, the establishment of the Bank of Scotland and the Royal Bank of Scotland, the Anglo-Scots Union, the Hanoverian Succession, and the Jacobite rising of 1715 all occurred during this short time span. Therefore, it was not only a period that presented Scotland with opportunities but also a period in which the country period ultimately lost its autonomy. It was also during these years, and against this unsettled backdrop, that the Scottish Financial Revolution commenced.

The complexity of the Scottish situation during the late seventeenth and the early eighteenth centuries has historically made the identification of a Scottish Financial Revolution difficult. This monograph, the first dedicated to the topic, addresses this problem and provides a model for identifying and understanding the revolution through the economic, political, and constitutional contexts of the period. Using examples of financial developments and innovation driven by Scotsmen in Scotland, Europe, and the colonies, this work defines the Scottish Financial Revolution as a series of developments which took place
place in Scotland when political circumstances allowed, but which also occurred outwith Scotland through the agency of members of the Scottish diaspora. This monograph is therefore the story of how Scotsmen at home and abroad contributed to financial debate and development between 1690 and 1727.

Credit, Currency, and Capital: The Scottish Financial Revolution, 1690 – 1727 will appeal to students and scholars interested in the history of Economics and Finance.

Weight: 490g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032257433