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Showing posts with the label Darien Scheme

Darien - Ships of fools?

In 1632 Scotland lost Nova Scotia – her only colony – as a result of the English war against France. England’s Dutch wars subsequently compromised valuable trading privileges upon which Scottish merchants had previously relied. Scottish overseas trading activity was further hampered by the Navigation Act, which cut Scottish ships out of international trade by forbidding the import of goods into England or her colonies unless carried in English ships or ships from the goods’ country of origin. Beginning in 1651, the goal of the Act was to force colonial development into lines favourable to England, and stop direct colonial trade with the Netherlands, France, Scotland and Spain. This law was enacted despite the Union of Crowns, and effectively meant that Scots merchants were boycotted for trade in England and all her colonies. To make matters worse two powerful English trading companies – the East India Company and the Royal African Company – claimed monopolies on the rich trades with t…