In 1705, Scotland was contemplating union with its neighbor England. The English economy was riding high, and Scotland's leaders thought this might be an opportune moment for a merger. However, not everyone thought hooking up was a good idea. One person who argued against it was the banker, gambler, and social climber John Law. He went so far as to propose an entirely new monetary system for Scotland, which he claimed would go beyond the English system and in a stroke solve his country's monetary problems while boosting trade.
That would have worked out well.... NOT!
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