This book throws new light on the interlocking commercial relationships of the Atlantic trading world during the centuries ending with the American and French Revolutions. Grouped under four themes - the role of merchants and their connections; the development of trades; imperial economies; and colonial working societies - and written by an international team of thirteen celebrated economic historians, these essays add to our knowledge and understanding of the transatlantic economy. Contributions range from studies of individual businessmen, labour patterns, port cities, and branches of trade, to comparative studies of trading nations. They consider the role of the British and French empires as well as the imperial endeavours of other European powers in the Atlantic, drawing attention to the wider implications. This book throws new light on commerce and the early modern Atlantic economy, and will be a valuable resource for economic historians at all levels.
• The first book to employ a truly international team of scholars in an investigation of the economy of the early modern Atlantic commercial and financial world • These essays shed new light on the operation of the transatlantic economy and the impact of European and New World economies in the seventeenth and eighteenth centuries • A celebration of the life and work of Jacob M. Price whose own books and essays have inspired all economic history scholars
Introduction John J. McCusker and Kenneth Morgan; Part I. The Role of Merchants and their Connections: 1. Risk, credit and kinship in early modern enterprise Peter Mathias; 2. Business networks in the British export trade to North America, 1750–1800 Kenneth Morgan; Part II. The Development of Trades: 3. Property versus commerce in the mid-eighteenth century port of London Henry Roseveare; 4. Irish businessman and French courtier: the career of Thomas Sutton, Comte de Clonard, c. 1722–1782 L. M. Cullen; 5. 'A revolution in the trade': wine distribution and the development of the infrastructure of the Atlantic market economy, 1703–1807 David Hancock; 6. Law, credit, the supply of labour, and the organization of sugar production in the colonial greater Caribbean: a comparison of Brazil and Barbados in the seventeenth century Russell R. Menard; 7. The revolutionary impact of European demand for tropical goods Carole Shammas; 8. The business of distilling in the Old World and the New World during the seventeenth and eighteenth centuries: the rise of a new enterprise and its connection with colonial America John J. McCusker; Part III. Imperial Economies: 9. France, Britain, and the economic growth of colonial North America Stanley L. Engerman; 10. Merchants and bankers as patriots or speculators? Foreign commerce and monetary policy in wartime, 1793–1815 Patrick K. O'Brien; 11. America and the crisis of the British imperial economy, 1803–1807 François Crouzet; Part IV. Colonial Working Societies: 12. Emigration and the standard of living: the eighteenth-century Chesapeake Lois Green Carr; 13. After tobacco: the slave labour pattern on a large Chesapeake grain-and-livestock plantation in the early nineteenth century Richard S. Dunn.
'The strength of any collection such as this is the fact that it brings together in one place the many and myriad ways in which we can think about the early modern Atlantic economy and the rise of the transatlantic enterprise.' Business History
'… a readable volume, which adds to our knowledge of the early modern Atlantic economy … the book is worth reading …' Scandinavian Economic History Review
'In this welcome volume, which honors the achievements of Jacob M. Price in transatlantic economic history, thirteen acclaimed scholars contribute deep and considered research to the revival of Atlantic World studies.' Enterprise and Society