The Price of Scotland: Darien, Union and The Wealth of Nations

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Luath, 2007 - History - 312 pages
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The Price of Scotland covers a well-known episode in Scottish history, the ill-fated Darien Scheme. It recounts for the first time in almost forty years, the history of the Company of Scotland, looking at previously unexamined evidence and considering the failure in light of the Company's financial records. Douglas Watt offers the reader a new way of looking at this key moment in history, from the attempt to raise capital in London in 1695 through to the shareholder bail-out as part of the Treaty of Union in 1707. With the tercentenary of the Union in May 2007, The Price of Scotland provides a timely reassessment of this national disaster.

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CHAPTER TWO Imperial Bliss

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About the author (2007)

Douglas Watt has combined in The Price of Scotland his twin loves of Scottish history and finance. He was educated at Edinburgh University where he gained his PhD in Scottish History, and has written a number of articles based on the results of his post-doctoral research. He worked for nine years as an investment manager and is currently working for First State Investments in Edinburgh. Douglas Watt lives in Linlithgow with his wife Julie and their three children.

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