Globalization

Globalization

Is Alexander Fordyce responsible for the American Revolution?

Aronson, in his article, has tried to imply that Alexander Fordyce was a major driving force for the instigation of American Revolution. In order to emphasize his point, he says that if the Tea Party is studied, it can be noticed that certain people were of crucial importance, such as Robert Clive, who can be linked directly with George Washington (Aronson, n.d.). Another character of importance is the Johnstone clan, who is responsible for staining the whole empire from his fingerprints. Then Aronson goes on to make the statement that the Scottish banker Alexander Fordyce was the one who was most directly responsible for the on-set of Revolution, and that makes Scotland pertinent to the events that happened in the eighteenth century (Aronson, n.d.).

According to Aronson, Alexander was the one who had moved forward greatly in stocks with the help of utilizing funds that he borrowed. He merely noticed the trend and decided to lessen his stock. But he felt it was getting destroyed so instead he travelled to France carrying all the assets of the Ayr Bank (Aronson, n.d.). This became the cause of a credit crisis for the third time in that century, which ruined the banks of Scotland and caused major bankruptcy across the whole region and colony. The effects were so adverse that they even posed a threat to the Amsterdam exchange and the Bank of England (Tying it all Together).

It is important to note, however, that the author has not provided any logical reasoning or sound proof when he placed the blame entirely on Alexander. American Revolution was not a small issue and was therefore not caused by just one person or event. There were many other political factors behind it.

Aronson does not seem to consider political ...