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What Did Merchants Do? Reflections on British Overseas Trade, 1660–1790

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  • Price, Jacob M.

Abstract

The relative dynamism of English and Scottish foreign trade from 1675 to 1775 can largely be explained by the interrelated phenomena of the growing domestic demand for American and Asian consumer goods and North European raw materials; the growing market in northern and western Europe for re-exports of American and Asian consumables; and the growing protected market for British manufactures in the American colonies and Africa. Trade growth depended on development of a wide variety of credit practices, supported primarily by big wholesalers and export merchants. Wholesalers and merchants also accounted for important institutional innovations.

Suggested Citation

  • Price, Jacob M., 1989. "What Did Merchants Do? Reflections on British Overseas Trade, 1660–1790," The Journal of Economic History, Cambridge University Press, vol. 49(2), pages 267-284, June.
    • Handle: RePEc:cup:jechis:v:49:y:1989:i:02:p:267-284_00
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    Cited by:

    1. Javier Mejia & Javier Mejia, 2021. "The economics of the Manila Galleon," Journal of Chinese Economic and Foreign Trade Studies, Emerald Group Publishing Limited, vol. 15(1), pages 35-62, October.
    2. Ellis, Paul D., 2010. "International trade intermediaries and the transfer of marketing knowledge in transition economies," International Business Review, Elsevier, vol. 19(1), pages 16-33, February.
    3. Javier Mejía Cubillos, 2011. "Una interpretación neoclásica del fin del Galeón de Manila," Contribuciones a la Economía, Servicios Académicos Intercontinentales SL, issue 2011-09, September.
    4. Peter King, 2005. "The production and consumption of bar iron in early modern England and Wales," Economic History Review, Economic History Society, vol. 58(1), pages 1-33, February.

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