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spec: Naked Shorting - - Why not just ignore the law ? Indeed , Taylor 's text ends not , as almost all colonial American histories do , with a chapter on the coming of the Revolution , but with one that examines the expansion of various European empires to the West Coast of North America and to the islands of the Pacific Ocean . It has been many years since I became an American but as far as I can remember in the oath is a vow to renounce all allegiance to any foreign prince or potentate . " Taylor 's text ends not , as almost all colonial American histories do , with a chapter on the coming of the Revolution , but with one that examines the expansion of various European empires to the West Coast of North America and to the islands of the Pacific Ocean .