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The Man Who Saw the Future: William Paterson's Vision of Free Trade
 
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The Man Who Saw the Future: William Paterson's Vision of Free Trade (Hardcover)

by Andy Forrester (Author)
5.0 out of 5 stars  See all reviews (3 customer reviews)

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Product details

  • Hardcover: 392 pages
  • Publisher: Texere Publishing,US (15 May 2003)
  • Language English
  • ISBN-10: 1587991438
  • ISBN-13: 978-1587991431
  • Product Dimensions: 24.9 x 15.7 x 2.7 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon.co.uk Sales Rank: 675,743 in Books (See Bestsellers in Books)

Product Description

Product Description

Inspired by the Dutch traders in the Caribbean and the exploits of buccaneers and pirates, the young Scottish merchant William Paterson envisaged a new era of world commerce - free trade on the open seas unencumbered by the monopoly trading that, in his view, restricted progress. A bold vision that created powerful enemies for Paterson amongst those who desperately wanted to cling on to the status quo. But he firmly believed in his ideas and during his travels at the end of the 17th century he found what he was looking for. Something that would turn his dream into reality. The "keys to the universe" he called it - the possession and control of the narrow Isthmus of Panama and the establishment of a trading port at Darien. In Paterson's mind, these keys opened the door to a better and more peaceful world. Noble and forward-thinking sentiments today. But at the tail-end of the 17th century, when he embarked on his incredible scheme, they were nothing short of visionary. "The Man Who Saw the Future" charts the story of Paterson's ambitions and the development of his business ideas.


About the Author

Andy Forrester is a trained historian, TV journalist and producer and business author. He was born and educated in Scotland and after leaving university became involved in setting the history questions for the Scottish Exam Board. At the age of 25 he stood as Labour candidate against the new Prime Minister, Sir Alec Douglas Home. He didn't win. Andy then moved into television, initially as a journalist and then as an historical documentary producer, first with London Weekend Television and then as a freelancer. The programs he has made include Starting Out for LWT which was a critical history of English education, 9 to 5 for BBC2 on the future of work, The Zircon Affair for BBC2 which was a study of the BBC in action, and Breaking the Sound Barrier - a program in the Channel 4 Secret History series. Several of his programs have won awards, such as Winning - a guide to making a success of business for BBC1 (winner of a Television Society Award for Best Adult Education and Training Programme), Get Better or Get Beaten for BBC2 (winner of the Texaco Award for TV Industrial Journalist of the Year), Sid's Heroes for BBC1 (winner of the RTS Award for best training program) and The Dying Rooms on the treatment of children in Chinese orphanages (winner of the RTS Award, the Press Guild Award and the Indie Award). While writing Keys to the Universe he is also researching a number of new TV documentaries. He lives in London with his wife.

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Customer Reviews

3 Reviews
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Average Customer Review
5.0 out of 5 stars (3 customer reviews)
 
 
 
 
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4 of 4 people found the following review helpful:
5.0 out of 5 stars The Forgotten Scottish Commercial Genius, 9 Dec 2004
By A Customer
This was a truly surprising book. Paterson was one of the world's first great banking entrepreneurs and I expected the story to be interesting but unexciting - bankers are not renowned for their charisma. Instead this was a tale that starts with the pirates of the Caribbean and takes us through a fascinating period of world history. London had been rebuilt after the Great Fire, while Amsterdam basked in the glory of being the world's richest city. Paterson came to London from Amsterdam in 1691 and with enormous energy and patience began his campaign for a national bank. What sold it to King William was Paterson's plan to raise a huge loan to pay for William's war against Louis XIV of France which at the same time created a whole new source of money to keep London's merchants happy.

Sadly, Paterson never got credit for having founded the Bank of England and setting London on the road to becoming the trade capital of the world. He was an outsider, a Scotsman, at a time when Scots were regarded as a nation of beggars and ne'er-do-wells.

But it was his other great scheme that really lost him credit in English eyes. He came up with the idea of founding two great harbours in what is now Panama, one on either side of the Isthmus, and turning them into a trading centre to rival London. Forrester shows convincingly that the English Board of Trade feared it might give Scotland a head start in developing trade in the Pacific and would attract trade from the English colonies in America such as Boston and New York.

How Paterson managed to get the scheme off the ground in a time of war - sending five ships and 1200 men to seize the Isthmus in 1698 - is a truly heroic tale of persistence and sheer grit. To find out what happened to the expedition , I suggest you
Read the book.

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1 of 1 people found the following review helpful:
5.0 out of 5 stars Editorial Review, 10 Feb 2007
By Andrew Forrester (Scotland on Sunday) - See all my reviews
(REAL NAME)   
"This exceptional biography of William Paterson, who consorted with Caribbean pirates, founded the Bank of England and planned the Darien adventure, ... is by far the best book on a subject too prone to myths; detailed, rigorously researched and historically pertinent.


S B Kelly Scotland on Sunday 6 June 2004
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5.0 out of 5 stars Fantastic Story about an unknown Scotsman history forgot, 12 Feb 2006
By Ms S. Subotic (Zagreb, Croatia) - See all my reviews
From first page to last a gripping story of how William Paterson tried to transform the world through trade. Paterson knew that Scotland was too poor a country to go it alone and set about building business collaboration between Scotland , Amsterdam, and the trading towns of Germany. His vision of a trading base on the Isthmus of Panama appealed to business leaders but annoyed the hell out of the kings of Spain and England.

After a cold winter in Zagreb I can sympathise with the determined Paterson trudging through the snows of Europe in one of the coldest winters ever recorded. But in the end it wasn't weather or want of cash that brought the entreprise down but international intrigue against him.

No wonder his name was rubbed out of the history books by by the politicians and statesmen who did all they could to stop him succeeding.

A great tale

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