Tobacco Lords
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High Quality Content by WIKIPEDIA articles! The Tobacco Lords (or Virginia Dons ) were Glasgow merchants who, in the 18th Century made enormous fortunes by trading in tobacco from Great Britain's American Colonies. In 1707, the Treaty of Union between Scotland and England gave Scottish merchants access to the English overseas territories, especially in North America. Glasgow's position on the River Clyde, where the Trade Winds first hit Europe gave its merchants a two to three week advantage over other ports in Britain and Europe. This position was enhanced by the French monarchy granting it a...
High Quality Content by WIKIPEDIA articles! The Tobacco Lords (or Virginia Dons ) were Glasgow merchants who, in the 18th Century made enormous fortunes by trading in tobacco from Great Britain's American Colonies. In 1707, the Treaty of Union between Scotland and England gave Scottish merchants access to the English overseas territories, especially in North America. Glasgow's position on the River Clyde, where the Trade Winds first hit Europe gave its merchants a two to three week advantage over other ports in Britain and Europe. This position was enhanced by the French monarchy granting it a monopoly for the importation of tobacco into French territories, (1747) and, later, by the deepening of the Clyde in 1768. Moreover, Glasgow ships were American built specifically for the Atlantic crossing and were generally bigger than those of other ports. However, the main advantage of the Glasgow merchants seems to have been their extensive and personally supervised networks across Britain, Europe and the Americas.
