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The Unmaking of the Mediterranean Trade Hegemony: International Trade Rivalry and the Commercial Revolution

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  • Rapp, Richard T.

Abstract

The shift in the locus of European trade from the markets of the Mediterranean to the North Atlantic overthrew a centuries old pattern of commerce and established the basis for the predominant role of North Atlantic Europe in the era of industrialization. While the expression “commercial revolution” no longer has quite the currency that it once enjoyed, students of the early modern economy have not been negligent about trying to understand the causes of the commercial shift. The impact of entrepreneurship and Weltanschauung, capital accumulation, technical innovation in shipping and industry, and the economic and political organization of nation-states have all received attention from students of the age.

Suggested Citation

  • Rapp, Richard T., 1975. "The Unmaking of the Mediterranean Trade Hegemony: International Trade Rivalry and the Commercial Revolution," The Journal of Economic History, Cambridge University Press, vol. 35(3), pages 499-525, September.
    • Handle: RePEc:cup:jechis:v:35:y:1975:i:03:p:499-525_07
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    Cited by:

    1. Daron Acemoglu & Simon Johnson & James Robinson, 2005. "The Rise of Europe: Atlantic Trade, Institutional Change, and Economic Growth," American Economic Review, American Economic Association, vol. 95(3), pages 546-579, June.
    2. Epstein, Stephan R., 1995. "Craft guilds, apprenticeship and technological change in pre-modern Europe," Economic History Working Papers 22419, London School of Economics and Political Science, Department of Economic History.
    3. Sanjay Subrahmanyam, 2008. "Further thoughts on an enigma," The Indian Economic & Social History Review, , vol. 45(1), pages 35-76, January.
    4. Spahn, Peter, 2018. "Was war falsch am Merkantilismus?," Hohenheim Discussion Papers in Business, Economics and Social Sciences 26-2018, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
    5. Robert C. Allen, 2003. "Progress and poverty in early modern Europe," Economic History Review, Economic History Society, vol. 56(3), pages 403-443, August.
    6. Nadia Matringe, 2022. "Early inventory management practices in the foreign exchange market: Insights from sixteenth‐century Lyon," Economic History Review, Economic History Society, vol. 75(3), pages 739-778, August.
    7. Reynald-Alexandre Laurent, 2008. "Product innovation and imitation in a duopoly with differentiation by attributes," Working Papers halshs-00586867, HAL.
    8. Fenoaltea, Stefano, 2020. "Reconstructing The Past: The Measurement Of Aggregate Product," MPRA Paper 97042, University Library of Munich, Germany.
    9. Stephen Ellis, 1996. "Africa after the Cold War: New Patterns of Government and Politics," Development and Change, International Institute of Social Studies, vol. 27(1), pages 1-28, January.
    10. Karayalcin, Cem, 2016. "Property rights and the first great divergence: Europe 1500–1800," International Review of Economics & Finance, Elsevier, vol. 42(C), pages 484-498.
    11. Munro, John H., 2006. "South German silver, European textiles, and Venetian trade with the Levant and Ottoman Empire, c. 1370 to c. 1720: a non-Mercantilist approach to the balance of payments problem, in Relazione economic," MPRA Paper 11013, University Library of Munich, Germany, revised Jul 2006.
    12. Munro, John H., 2005. "I panni di lana: Nascita, espansione e declino dell’industria tessile di lana italiana, 1100-1730 [The woollen cloth industry in Italy: The rise, expansion, and decline of the Italian cloth industr," MPRA Paper 11038, University Library of Munich, Germany, revised Sep 2006.
    13. Allen, Robert C., 2001. "The Great Divergence in European Wages and Prices from the Middle Ages to the First World War," Explorations in Economic History, Elsevier, vol. 38(4), pages 411-447, October.
    14. Jha, Saumitra, 2008. "Shares, Coalition Formation and Political Development: Evidence from Seventeenth Century England," Research Papers 2005, Stanford University, Graduate School of Business.

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