Economic Effects Of Union

Question 1

Equivalent remained unpaid

Answer 1

Initial dissatisfaction brought loss of trust, apparently tied up in unreleased system of debentures

Question 2

Tobacco industry developed

Answer 2

Glasgow doubled imports, involvement of Scot’s very profitable

Question 3

Increased taxes

Answer 3

Led to increased smuggling, also attacked customs officers along east coast leading to loss of revenue for government

Question 4

English manufacturer competition

Answer 4

English manufacturers better than Scottish led to decline in linen, textile and paper industries

Question 5

English agricultural techniques

Answer 5

Scots learned form English agricultural techniques their own techniques improved so bettered economy as they generated more products more efficiently

Question 6

Bank of Scotland 1727

Answer 6

Increased strength of economy as made economy have better order

Question 7

Board of trustees for encouragement of fisheries and manufactures

Answer 7

Made Scottish economy climate better, revived industries like linen industry

Question 8

Merchant shipping

Answer 8

Benefitted due to protection from Royal Navy, have more successful trade with baltic nation and Caribbean, increased profits better economy

Question 9

Increased investment in Scotland

Answer 9

Form government in London, improve land development and nurture financial institutions

Question 10

Only small number of Scot’s had success with trade with colonies

Answer 10

Less financial good for the nation than anticipated