Unionism in England possession) and Scotland was created by the Acts of Union, passed in the parliaments of both kingdoms in 1707 and 1706 respectively, which united the governments of what had previously been independent states (though they had shared the same monarch in a personal union since 1603) under the Parliament of Great Britain. The Union was brought into existence under the Acts of Union on 1 May 1707. With the Act of Union 1800, the Kingdom of Ireland united with Great Britain into what then formed the United Kingdom of Great Britain and Ireland. The history of the Unions is reflected
Acts of Union 1707 known as the Seven ill years which led to strained relations with England. In 1698, the Company of Scotland Trading to Africa and the Indies received a charter to raise capital through public subscription. The Company invested in the Darién scheme, an ambitious plan funded almost entirely by Scottish investors to build a colony on the Isthmus of Panama for trade with East Asia. The scheme was a disaster; the losses of over £150,000 severely impacted the Scottish commercial system. The financial losses incurred have often been suggested as one of the drivers behind Union. Deeper political integration had been