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The Trouble with Networks: Managing the Scots' Early-Modern Madeira Trade

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  • Hancock, David

Abstract

Most studies of the early-modern Atlantic world give its emergence a sense of inevitability. Historians who have tried to understand networks in the early-modern Atlantic have focused solely on their successes, which skews our understanding. This analysis of the role played by Scottish networks in the production, distribution, and consumption of Madeira wine during that product's golden age, which lasted from 1640 to 1815, attempts to correct the record. Networks succeeded when they led to profitable sharing of information, goods, and services, and they failed when individuals were unable to get networks to function for them. Problems arose among the parties in the course of negotiating terms for sharing, monitoring the agreements, responding to disasters, and estimating the costs of transactions. At times, networks worked so well that they metamorphosed into other social and commercial forms, helping to establish critical nonmetropolitan links within and between the British and Portuguese empires.

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  • Hancock, David, 2005. "The Trouble with Networks: Managing the Scots' Early-Modern Madeira Trade," Business History Review, Cambridge University Press, vol. 79(3), pages 467-491, October.
  • Handle: RePEc:cup:buhirw:v:79:y:2005:i:03:p:467-491_08
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    Cited by:

    1. Haggerty, John & Haggerty, Sheryllynne, 2011. "The life cycle of a metropolitan business network: Liverpool 1750-1810," Explorations in Economic History, Elsevier, vol. 48(2), pages 189-206, April.
    2. Neil Rollings, 2007. "British business history: A review of the periodical literature for 2005," Business History, Taylor & Francis Journals, vol. 49(3), pages 271-292.
    3. Esteves, Rui & Geisler Mesevage, Gabriel, 2019. "Social Networks in Economic History: Opportunities and Challenges," Explorations in Economic History, Elsevier, vol. 74(C).
    4. Buchnea, Emily & Elsahn, Ziad, 2022. "Historical social network analysis: Advancing new directions for international business research," International Business Review, Elsevier, vol. 31(5).

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