History of merchant shipping and ancient commerce, Volume 2 (of 4)Lindsay, W. S. (William Schaw)
History
History of merchant shipping and ancient commerce, Volume 2 (of 4)
Lindsay, W. S. (William Schaw)
Commerce -- History; Shipping -- History; Steam navigation -- History
Although by the accession of James VI. of Scotland and I. of England
these two countries were brought under the same sovereign, they, until
the reign of Queen Anne, were for all purposes of trade and legislation
foreign and antagonistic states. There was little or no commercial,
much less social, intercourse between them; and the advantages enjoyed
by either one, and acquired by foreign treaties, were rigorously
withheld from the other. The whole amount of trade between the two
countries rarely exceeding in value 150,000_l._ per annum, the amount
of shipping employed in it was consequently altogether insignificant;
but the Legislative Union in time gave an immense impulse to the
commerce of Scotland, and opened to that country the rich fields of
the English colonial possessions as well as her home markets. The
merchants of Glasgow and Greenock were the first to reap the advantages
of the Union, but their commercial operations were confined in a great
measure, throughout the whole of the last century, to the West Indies,
and to the plantations of British North America, more especially to
Virginia, while the insurrection in favour of the son of James II.,
known as the “Pretender,” very materially retarded the incipient
maritime prosperity of that portion of the now thoroughly united
kingdom, obliging as it did the English to maintain a considerable
fleet cruising off the coasts of Scotland. But when this insurrection
was suppressed the trade of Scotland again steadily increased, and
may be said to have gone hand-in-hand with England ever since, though
interrupted for a time by the more serious rebellion of 1745-6.
Various circumstances tended to strengthen this commercial intercourse,
and, not the least among the number, may be mentioned the establishment
of the Board of Trade, which, though originally formed under Charles
II. in 1668, only became a permanent establishment in 1696, consisting
of a royal commission under the style of the “Commissioners for
promoting the trade of the Kingdom, and for inspecting and improving
the Plantations in America and elsewhere.” This Board afforded
resources for enlarging and materially benefiting the trade of the
United Kingdom by the publication of its statistical returns, and in
numerous other ways, and had the exclusive superintendence of the
commerce of the plantations, and indeed of their government until 1786,
when a Secretary of State was appointed for the colonies, and a new
council for the affairs of trade organised on its present plan.
[Sidenote: Buccaneers in the West Indies.]
Public-domain text, read in full here on John Shaqi.
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