New Time Series for Scotland's and Britain's Trade with the Thirteen Colonies and States, 1740 to 1791

Price, Jacob M.

doi:10.2307/1921566

Cited by 8 publications

(9 citation statements)

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“…However, the Scottish economy appears to have had been growing for some time ahead of the founding of Ayr Bank. Some data constructed by Price (1975) 25 may provide a modicum of evidence concerning the 'boom' and its ending. The charts below reproduce Price's (1975) data.…”

Section: Ayr Bank (Douglas Heron and Company) And The Crisis Of 1772mentioning

confidence: 99%

“…A large part of these exports was undoubtedly linen (see Durie (1973) and the data therein presented) and much of the imports were tobacco (Devine, 1975;Olson, 1983). Price (1975) reports that by 1770-1774 Scottish imports from the colonies accounted for about 30 per cent of the total British import value (exports were about 10 per cent of the British total). The major features of the data are apparent.…”

Section: Ayr Bank (Douglas Heron and Company) And The Crisis Of 1772mentioning

confidence: 99%

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Adam Smith and the Bankers: Retrospect and Prospect

Duncan,

Nolan

2023

NIER

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Adam Smith promoted free banking—private, competitive, convertible banknotes. He also supported restrictions on banks. We study Smith’s views and the era in which they developed, suggesting his ‘regulations’ were a backstop against banks’ risks to depositors but primarily monetary stability. In modern parlance, Smith supported macroprudential regulations to underpin monetary stability, as did Friedman and Schwartz the US FDIC. We discuss why Smith’s vision for banking went unrealised. Bank regulation became microprudential and ran aground in 2008/2009. The prominence of macroprudential regulation now provides a chance to reorientate regulation to support monetary stability. Early signs are not promising.

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Section: Ayr Bank (Douglas Heron and Company) And The Crisis Of 1772mentioning

confidence: 99%

Section: Ayr Bank (Douglas Heron and Company) And The Crisis Of 1772mentioning

confidence: 99%

Adam Smith and the Bankers: Retrospect and Prospect

Duncan,

Nolan

2023

NIER

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“…Jacob Price noted the pervasiveness of Scots as tobacco merchants in colonial Virginia and Maryland and the significance of the Chesapeake tobacco trade to the rise of Glasgow (Price, 1954). The 'New Time Series' of Scottish trade with the American colonies between 1740 and 1791 remains a key source for economic studies of transatlantic commerce (Price, 1975). Other studies placed Scots at the commanding heights of Atlantic slavery enterprise.…”

Section: Centring Slavery In Scottish Historiographymentioning

confidence: 99%

“…The mid‐1970s was a watershed moment in Scottish historiography. In addition to Devine (1975), Jacob Price outlined the sheer volume of annual imports and exports (by official value) between Scotland and the American colonies during Glasgow's tobacco monopoly in the 1770s (Price, 1975). S. G. Checkland acknowledged the significance of the West India trades to Scottish banking (Checkland, 1975).…”

Section: Slavery the Atlantic Trades And Scotland's Industrial Revolu...mentioning

confidence: 99%

Centring transatlantic slavery in Scottish historiography

Mullen

2022

History Compass

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The historiography of Scotland's connections with transatlantic slavery across the British Empire has flourished in the last 20 years, promoting wider public discussion and civic recognition. Nevertheless, the view that historians of Scotland omitted slavery from Scottish historiography remains part of popular discourse. This article adds nuance by considering the absences and eventual centring of slavery in Scottish historiography. In the 1960s, it was argued by historians that foreign trade-and by extension Atlantic slavery-had a limited effect on the economic development of 18th-century Scotland. However, studies of the Atlantic trades and merchant capital undermined that orthodoxy in the 1970s, although works of that era that addressed Scotland's Atlantic economy tended to acknowledge slavery only in tokenistic fashion, if at all. Nevertheless, whilst slavery was not centred in these works, they established the view that Atlantic commerce and merchant capital were central to Scottish economic development. In the last 25 years, slavery has been centred in Scottish historiography and earlier works have taken on new significance. Studies after 1997 have revealed the involvement of Scots with the slave trade

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“…It was he who first made available to historians the data for Scotland's trade with America. 4 When that is added to the trade of England and Wales, the American deficit was reduced for the years 1768-1772 by 14 per cent, or £189,000 annually. For certain colonies, such as the tobacco colonies of the Chesapeake, his Scottish data turned what had been regarded as colonial deficits into trade balances favouring the colonies.…”

Section: British Government Spending and The Northmentioning

confidence: 99%

British government spending and the North American colonies 1740–1775

Gwyn

1980

The Journal of Imperial and Commonwealth History

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New Time Series for Scotland's and Britain's Trade with the Thirteen Colonies and States, 1740 to 1791

Cited by 8 publications

References 0 publications

Adam Smith and the Bankers: Retrospect and Prospect

Adam Smith and the Bankers: Retrospect and Prospect

Centring transatlantic slavery in Scottish historiography

British government spending and the North American colonies 1740–1775

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