Book contents
- The Cambridge World HistoryVOLUME VI
- The Cambridge World History
- The Cambridge World History
- Copyright page
- Dedication
- Contents
- Figures
- Maps
- Tables
- Contributors
- Preface
- Part One Migrations and Encounters
- Part Two Trade, Exchange, and Production
- 5 The Columbian Exchange
- 6 The slave trade and the African diaspora
- 7 The organization of trade in Europe and Asia, 1400–1800
- 8 Entrepreneurs, families, and companies
- 9 Silver in a global context, 1400–1800
- 10 Dutch and English trade to the East: the Indian Ocean and the Levant, to about 1700
- 11 Plantation societies
- 12 Industrious revolutions in early modern world history
- Part Three Religion and Religious Change
- Part Four Questions of Method
- Index
- References
7 - The organization of trade in Europe and Asia, 1400–1800
from Part Two - Trade, Exchange, and Production
Published online by Cambridge University Press: 05 May 2015
Book contents
- The Cambridge World HistoryVOLUME VI
- The Cambridge World History
- The Cambridge World History
- Copyright page
- Dedication
- Contents
- Figures
- Maps
- Tables
- Contributors
- Preface
- Part One Migrations and Encounters
- Part Two Trade, Exchange, and Production
- 5 The Columbian Exchange
- 6 The slave trade and the African diaspora
- 7 The organization of trade in Europe and Asia, 1400–1800
- 8 Entrepreneurs, families, and companies
- 9 Silver in a global context, 1400–1800
- 10 Dutch and English trade to the East: the Indian Ocean and the Levant, to about 1700
- 11 Plantation societies
- 12 Industrious revolutions in early modern world history
- Part Three Religion and Religious Change
- Part Four Questions of Method
- Index
- References
Summary
This chapter describes the study of the organization of trade in Europe and Asia during the early modern period. Technological innovations in ship design and navigation instruments were not the only factors that improved the safety and reliability of long-distance trade. European transoceanic navigation became more secure in the course of the seventeenth and eighteenth centuries because of the institutional support that the Dutch and English made available to their vessels rather than because of dramatic technological improvements. Periodical markets where buyers and sellers could meet and inspect the merchandise were a universal solution to the weakness of information networks. Raising funds to finance long-distance trade was no less a problem than securing competent and reliable associates and agents abroad. In Europe, women's dowries commonly provided an influx of capital and shielded partners from external creditors since, in case of bankruptcy, dowries took precedence over other credits in the debt settlement.
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- The Cambridge World History , pp. 160 - 189Publisher: Cambridge University PressPrint publication year: 2015
References
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