Positive economic impact

Trade

Merchant shipping benefited through increased trade with English colonies.

Scottish merchants made their fortune in the West Indies with cotton, tobacco, rum and sugar and Highland farmers who bred black cattle became wealthy through English markets.

Modernisation

Scottish landowners learned modern English farming techniques and tenant farmers began enclosing their land.

Industrialisation and infrastructure

Due to increased trade, towns developed - Crieff and Falkirk are examples of towns which thrived as popular markets.

Increased government investment led to the creation of institutions such as the Royal Bank of Scotland.