So, members of Parliament, local gentry, and several thousand wealthy citizens—including captains, doctors, and pharmacists—enthusiastically poured their life savings into the colonial scheme.
Then disaster struck:
Before the second Scottish colony fleet arrived in Panama in 1699, "New Edinburgh" had already been destroyed by the Spanish, and all that money ultimately ended up in Spanish pockets.
Real-life money transfer boy.
That chunk of cash was about 25%~50% of all circulating wealth in Scotland at the time, so... Scotland went bankrupt.
Under such circumstances.
Scotland could only seek political union to secure economic aid and a promise from England to loosen trade restrictions.
Thus, in 1707.
The union bill passed.
The Scottish Parliament was dissolved, and the two nations officially merged into a single "Kingdom of Great Britain."
Of course.
