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Economy of Scotland in the early modern period
The economy of Scotland in the early modern era encompasses all economic activity in Scotland between the early sixteenth century and the mid-eighteenth. The period roughly corresponds to the early modern era in Europe, beginning with the Renaissance and Reformation and ending with the last Jacobite risings and the beginnings of the Industrial Revolution.
At the beginning of this period Scotland was a relatively poor country, with difficult terrain and limited transport, relying on traditional agricultural methods of jointly run fermtouns and bailes. The late sixteenth century saw economic distress, inflation and famine, but also the beginnings of industrial production as new techniques were imported to the country. The seventeenth century saw economic development led by trade, particularly to England and with the Americas, despite the problems of tariffs. There was continued occasional famine, culminating in the "seven ill years" of the 1690s. Attempts to establish a Scottish colony in Central America as part of the Darién scheme ended in disaster in the 1690s. After the Union with England in 1707 there was increasing introduction of improvements in agriculture that helped improve the food supply and growing trade with the Americans that produced the Tobacco Lords of Glasgow, the trade in sugar and rum and Paisley in cloth. There was also the development of financial institutions, including the Bank of Scotland, Royal Bank of Scotland and British Linen Company, and improvements in roads both of which would help facilitate the Industrial Revolution that would accelerate in the late eighteenth century.
==Sixteenth century==
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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