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International trade in wheat and other cereals and the collapse of the first wave of globalization, 1900–38

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  • Aparicio, Gema
  • Pinilla, Vicente

Abstract

The aim of this article is to analyse the dynamics of international trade in cereals, primarily wheat, in the first third of the twentieth century, with a special focus on the causes of the fall in exchanges and prices that took place in the 1930s. Developments over this period are compared with the general trade in food and agricultural products. An examination of the structure of the trade in wheat, maize, and rice shows the operation of their respective markets, giving special attention to the import and export flows between consumers and producers. To understand the functioning of the market for these products, the article examines the changes in supply, demand, and prices, and the emergence and development of intermediary companies in this business. The argument draws from a new database, based on the statistics published by the International Institute of Agriculture.

Suggested Citation

  • Aparicio, Gema & Pinilla, Vicente, 2019. "International trade in wheat and other cereals and the collapse of the first wave of globalization, 1900–38," Journal of Global History, Cambridge University Press, vol. 14(1), pages 44-67, March.
    • Handle: RePEc:cup:jglhis:v:14:y:2019:i:01:p:44-67_00
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    Cited by:

    1. Vicente Pinilla & Henry Willebald, 2021. "Transition and Change in World Agriculture during the Interwar Years," Documentos de Trabajo (DT-AEHE) 2109, Asociación Española de Historia Económica.
    2. Apicha Chutipongpisit, 2022. "The Siamese rice trade during the interwar years: Trade pattern, crisis and business survival," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 62(3), pages 211-233, November.
    3. Jérôme Sgard, 2023. "Imperial Politics, Open Markets and Private Ordering: The Global Grain Trade (1875-1914)," SciencePo Working papers Main hal-04081417, HAL.
    4. Perri 6 & Eva Heims & Martha Prevezer, 2023. "How did international economic regulation survive the last period of deglobalization?," Regulation & Governance, John Wiley & Sons, vol. 17(1), pages 272-289, January.
    5. Jérôme Sgard, 2023. "Imperial Politics, Open Markets and Private Ordering: The Global Grain Trade (1875-1914)," Working Papers hal-04081417, HAL.

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