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What Did £70,000 Buy?

Teaching Activity

Parliament paid £70,000 for the Isle of Man in 1765. The Duke’s annual revenue was around £7,500. The estimated annual revenue loss to Britain from smuggling was £200,000. The compensation dispute lasted sixty-three years.

Calculate what £70,000 was worth in 1765 — how many years of a labourer’s wages? How many houses? How many ships?

Calculate Parliament’s return on investment. Calculate the Duke’s total compensation over 63 years.

Then ask the question the Manx people asked: what did they get? The answer is in the book. It’s not a comfortable one.

Home Educator Ages 9+ Research / Maths

Connections

Period

  • 1765–1828

Part of

  • Constitutional History
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