The Mr. Crawfurd versus the Royal Bank Case of 1749

Dimitrios Gourtzilidis
3 min readJan 1, 2024

The Royal Bank of Scotland (RBS) was founded on March 31, 1727, and twenty-two years after its establishment, RBS would play a vital role in the development of the modern banking system.

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In the early 18th century, Scotland was transitioning from a predominantly agrarian society to a more industrialized and trade-oriented economy. However, Scotland lacked a stable and reliable…