IDEAS home Printed from https://ideas.repec.org/p/cge/wacage/531.html

Globalization and Empire: Market integration and international trade between Canada, the United States and Britain, 1750-1870

Author

Listed:
  • Pedersen, Maja Uhre

    (University of Southern Denmark)

  • Geloso, Vincent

    (King’s University College)

  • Sharp, Paul

    (University of Southern Denmark)

Abstract

Previous work has demonstrated the potential for wheat market integration between the US and the UK before the ‘first era of globalization’ in the second half of the nineteenth century. It was however frequently interrupted by policy and ‘exogenous’ events such as war. This paper adds Canada to this story by looking at trade and price data, as well as contemporary debates. We find that she faced similar barriers to the US, and that membership of the British Empire was therefore not a great benefit. We also describe the limitations she faced accessing the US market, in particular after American independence. Transportation costs do not appear to be the main barrier to the emergence of a globalized economy before around 1850.

Suggested Citation

  • Pedersen, Maja Uhre & Geloso, Vincent & Sharp, Paul, 2020. "Globalization and Empire: Market integration and international trade between Canada, the United States and Britain, 1750-1870," CAGE Online Working Paper Series 531, Competitive Advantage in the Global Economy (CAGE).
    • Handle: RePEc:cge:wacage:531
    as

    Download full text from publisher

    File URL: https://warwick.ac.uk/fac/soc/economics/research/centres/cage/manage/publications/wp531.2020.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Gregory Clark, 2005. "The Condition of the Working Class in England, 1209-2004," Journal of Political Economy, University of Chicago Press, vol. 113(6), pages 1307-1340, December.
    2. Gilles Paquet & Jean-Pierre Wallot, 1983. "Le système financier bas-canadien au tournant du XIXe siècle," L'Actualité Economique, Société Canadienne de Science Economique, vol. 59(3), pages 456-513.
    3. Giovanni Federico, 2012. "How much do we know about market integration in Europe?," Economic History Review, Economic History Society, vol. 65(2), pages 470-497, May.
    4. Rothenberg, Winifred Barr, 1992. "From Market-Places to a Market Economy," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226729534, October.
    5. Vincent Geloso, 2019. "A price index for Canada, 1688 to 1850," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 52(2), pages 526-560, May.
    6. Vincent Geloso, 2019. "Measuring Away the Importance of Institutions: The Case of Seigneurial Tenure and Agricultural Output in Canada East, 1851," Social Science Quarterly, Southwestern Social Science Association, vol. 100(3), pages 897-910, May.
    7. Yoram Barzel, 2005. "Replacing the Law of One Price with the Price Convergence Law," Working Papers UWEC-2005-10, University of Washington, Department of Economics, revised Mar 2005.
    8. Gregory Clark, 2005. "The Condition of the Working Class in England, 1209-2004," Journal of Political Economy, University of Chicago Press, vol. 113(6), pages 1307-1340, December.
    9. Paul Sharp, 2006. "1846 and All That: The Rise and Fall of British Wheat Protection in the Nineteenth Century," Discussion Papers 06-14, University of Copenhagen. Department of Economics.
    10. Jacks, David S., 2006. "What drove 19th century commodity market integration?," Explorations in Economic History, Elsevier, vol. 43(3), pages 383-412, July.
    11. Allen, Robert C., 1988. "The growth of labor productivity in early modern English agriculture," Explorations in Economic History, Elsevier, vol. 25(2), pages 117-146, April.
    12. John Baffes, 1991. "Some Further Evidence on the Law of One Price: The Law of One Price Still Holds," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(4), pages 1264-1273.
    13. Jeremy Land & Vincent Geloso, 2020. "Colonial Military Garrisons as Labor‐Market Shocks: Quebec City and Boston, 1760–1775," Social Science Quarterly, Southwestern Social Science Association, vol. 101(4), pages 1326-1344, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Vincent Geloso, 2024. "Does the conquest explain Quebec’s historical poverty? The economic consequences of 1760," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 18(3), pages 905-938, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:jpe:journl:1495 is not listed on IDEAS
    2. Vincent Geloso & Peter Lindert, 2020. "Relative costs of living, for richer and poorer, 1688–1914," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 14(3), pages 417-442, September.
    3. Ahsan, Reshad N & Panza, Laura & Song, Yong, 2022. "Atlantic Trade and the Decline of Conflict in Europe," CEPR Discussion Papers 14206, Centre for Economic Policy Research.
    4. Nico Voigtl?nder & Hans-Joachim Voth, 2013. "How the West "Invented" Fertility Restriction," American Economic Review, American Economic Association, vol. 103(6), pages 2227-2264, October.
    5. Geloso, Vincent & Kufenko, Vadim, 2019. "Can markets foster rebellion? The case of the 1837–38 rebellions in Lower Canada," Journal of Economic Behavior & Organization, Elsevier, vol. 166(C), pages 263-287.
    6. Rosenbloom, Joshua L. & Weiss, Thomas, 2014. "Economic growth in the Mid-Atlantic region: Conjectural estimates for 1720 to 1800," Explorations in Economic History, Elsevier, vol. 51(C), pages 41-59.
    7. Leonor Freire Costa & António Henriques & Nuno Palma, 2022. "Anatomy of a Premodern State," Economics Discussion Paper Series 2208, Economics, The University of Manchester, revised May 2024.
    8. Moshe Justman & Karine Beek, 2015. "Market forces shaping human capital in eighteenth-century London," Economic History Review, Economic History Society, vol. 68(4), pages 1177-1202, November.
    9. Hersh, Jonathan & Voth, Hans-Joachim, 2022. "Sweet diversity: Colonial goods and the welfare gains from global trade after 1492," Explorations in Economic History, Elsevier, vol. 86(C).
    10. Daniel Barbezat, 2011. "The Economic History of European Growth," Chapters, in: Gail M. Hoyt & KimMarie McGoldrick (ed.), International Handbook on Teaching and Learning Economics, chapter 51, Edward Elgar Publishing.
    11. Marina E. Adshade, 2009. "The Rich Are Different From The Rest Of Us," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 55(4), pages 959-967, December.
    12. Judy Z. Stephenson, 2018. "‘Real’ wages? Contractors, workers, and pay in London building trades, 1650–1800," Economic History Review, Economic History Society, vol. 71(1), pages 106-132, February.
    13. Ulrich Pfister & Jana Riedel & Martin Uebele, 2012. "Real Wages and the Origins of Modern Economic Growth in Germany, 16th to 19th Centuries," Working Papers 0017, European Historical Economics Society (EHES).
    14. Uebele, Martin, 2011. "National and international market integration in the 19th century: Evidence from comovement," Explorations in Economic History, Elsevier, vol. 48(2), pages 226-242, April.
    15. Gregory Clark, 2005. "The Long March of History: Farm Wages, Population and Economic Growth, England 1209-1869," Working Papers 540, University of California, Davis, Department of Economics.
    16. Crafts, Nicholas & Mills, Terence C., 2009. "From Malthus to Solow: How did the Malthusian economy really evolve?," Journal of Macroeconomics, Elsevier, vol. 31(1), pages 68-93, March.
    17. Anthony Edo & Jacques Melitz, 2023. "Wealth and shifting demand pressures on the price level in England after the Black Death," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 17(1), pages 91-124, January.
    18. repec:ehl:lserod:128024 is not listed on IDEAS
    19. Marc Goñi, 2023. "Landed elites and education provision in England: evidence from school boards, 1871-99," Journal of Economic Growth, Springer, vol. 28(1), pages 125-171, March.
    20. Gregory Clark & Neil Cummins & Matthew Curtis, 2020. "Twins Support the Absence of Parity-Dependent Fertility Control in Pretransition Populations," Demography, Springer;Population Association of America (PAA), vol. 57(4), pages 1571-1595, August.
    21. Bergoña Álvarez & Fernando Ramos Palencia, 2016. "The Role of human capital in pre-industrial societies: skills and earnings in eighteenth-century Castile (Spain)," Working Papers 0099, European Historical Economics Society (EHES).
    22. Becker, Sascha O. & Hornung, Erik & Woessmann, Ludger, 2009. "Catch Me If You Can: Education and Catch-up in the Industrial Revolution," IZA Discussion Papers 4556, IZA Network @ LISER.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • N51 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - U.S.; Canada: Pre-1913
    • N53 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Europe: Pre-1913
    • N71 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - U.S.; Canada: Pre-1913
    • N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cge:wacage:531. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jane Snape (email available below). General contact details of provider: https://edirc.repec.org/data/dewaruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.