Early Modern Overseas Trade And Entrepreneurship

Drawing on an impressive range of archival material, this monograph delves into the careers of two businessmen who worked for Nordic chartered monopoly trading companies to illuminate individual entrepreneurship in the context of seventeenth-century long-distance trade. The study spans the Caribbean to the Indian Ocean, examining global entanglements through personal interactions and daily trading activities between Europeans, Asian merchants and African brokers. It makes an important contribution to our understanding of the role of individuals and their networks within the great European trading companies of the early modern period. This unique book will be of interest to advanced students and researchers of economic history, business history, early modern global history and entrepreneurship.

In the early modern period, trade became a truly global phenomenon. The logistics, financial and organizational complexity associated with it increased in order to connect distant geographies and merchants from different backgrounds. How did these merchants prevent their partners from dishonesty in a time where formal institutions and legislation did not traverse these different worlds? This book studies the mechanisms and criteria of cooperation in early modern trading networks. It uses an interdisciplinary approach, through the case study of a Castilian long-distance merchant of the sixteenth century, Simon Ruiz, who traded within the limits of the Portuguese and Spanish overseas empires. Early Modern Trading Networks in Europe discusses the importance of reciprocity mechanisms, trust and reputation in the context of early modern business relations, using network analysis methodology, combining quantitative data with qualitative information. It considers how cooperation and prevention could simultaneously create a business relationship, and describes the mechanisms of control, policing and punishment used to avoid opportunism and deception among a group of business partners. Using bills of exchange and correspondence from Simon Ruiz?s private archive, it charts the evolution of this business network through time, debating which criteria should be included or excluded from business networks, as well as the emergence of standards. This book intends to put forward a new approach to early modern trade which focusses on individuals interacting in self-organized structures, rather than on States or Empires. It shows how indirect reciprocity was much more frequent than direct reciprocity among early modern merchants and how informal norms, like ostracism and signalling, helped to prevent defection and deception in an effective way. This book will be of interest to all early modern historians, especially those with an interest

Buying and Selling explores the business of books in and beyond Europe, investigating the practices adopted by traders and customers.

In the early modern period, trade became a truly global phenomenon. The logistics, financial and organizational complexity associated with it increased in order to connect distant geographies and merchants from different backgrounds. How did these merchants prevent their partners from dishonesty in a time where formal institutions and legislation did not traverse these different worlds? This book studies the mechanisms and criteria of cooperation in early modern trading networks. It uses an interdisciplinary approach, through the case study of a Castilian long-distance merchant of the sixteenth century, Simon Ruiz, who traded within the limits of the Portuguese and Spanish overseas empires. Early Modern Trading Networks in Europediscusses the importance of reciprocity mechanisms, trust and reputation in the context of early modern business relations, using network analysis methodology, combining quantitative data with qualitative information. It considers how cooperation and prevention could simultaneously create a business relationship, and describes the mechanisms of control, policing and punishment used to avoid opportunism and deception among a group of business partners. Using bills of exchange and correspondence from Simon Ruiz's private archive, it charts the evolution of this business network through time, debating which criteria should be included or excluded from business networks, as well as the emergence of standards. This book intends to put forward a new approach to early modern trade which focusses on individuals interacting in self-organized structures, rather than on States or Empires. It shows how indirect reciprocity was much more frequent than direct reciprocity among early modern merchants and how informal norms, like ostracism and signalling, helped to prevent defection and deception in an effective way. This book will be of interest to all early modern historians, especially those with an interest in economic history and the history of international trade.

Pre-modern, long-distance trade was conducted in a highly complex and uncertain environment. Aside from the lack of personal security, trade was characterized by slow communication, asymmetric information, and limited contract enforceability. There was no state, in the modern sense, to protect merchants. Despite these overwhelming problems, trade, and even overseas trade, flourished in medieval and early modern Europe. This book explores this paradox: how could trade thrive and the economy expand under uncertainties of many kinds? Over the past two or three decades, enormous advances have been made in explaining how institutions support the economy. This book contributes to the intense discussion about institutions and institutional change. It builds on the careful examination of long-distance trade in the Baltic Sea region over a long period of time and presents a new method to identify past institutions. It challenges previous attempts to explain the pre-modern expansion of trade by institutions that governed intra-group relations. Mika Kallioinen argues that the fundamental problem of institutional development was how to create institutions that could advance a regularity of behavior between a large number of distant communities and between merchants who did not necessarily know one another. The question was how to provide security and enhance trust when trading crossed the geographical, cultural, and political boundaries that separated communities. This book extends the limits of our understanding of such inter-community institutions and their implications for later economic development.

Business News in the Early Modern Atlantic World explores the creation, dissemination, and consumption of a specific type of news, ‘business news’, within early modern commercial news networks. The volume contains eleven case studies, written by scholars from a range of disciplines, which span the breadth of the early modern Atlantic from the first appearance of serial corantos in the seventeenth century to the United States’ Declaration of Independence in the late eighteenth century. These expert contributions showcase the range of innovative methodological and theoretical approaches which can be used to study business news, including social network analysis, textual analysis, and qualitative methods.

This book offers the first long-term analysis of the protracted struggle between Britain, France, Prussia, Russia, and Sweden for economic power and political influence in the northern part of the Eurasian continent between 1660 and 1860. This book shows how their commercial, diplomatic, and military entanglements determined the course of Baltic trade from the late seventeenth to the mid-nineteenth century, provoking, among other things, the decline of the Dutch Republic and the partitions of Poland-Lithuania. The author conceptualizes the Baltic Sea as one of North Eurasia’s western border basins, alongside the White, Black, and Caspian Seas, and employs novel statistical series of Baltic trade as a proxy for the long-term development of North Eurasian trade in world history. Based on extensive quantitative evidence and sources for the history of international relations, this book outlines how North Eurasian trade became an object of growing tensions between various larger and smaller powers with a stake in North Eurasia’s riches. The book addresses the long-term impact of mercantilist policies, territorial greed, and military conflicts in North Eurasia’s border basins, and accentuates the significance of developments in the preindustrial transport and commercial infrastructure of the North Eurasian landmass. Employing the concept of North Eurasia and its different borderlands and border basins, this book overcomes previous limitations in the historiography of globalization and sheds light on a large, continental landmass, which researchers tend to leave aside for the benefit of a predominant maritime perspective in historical studies of globalization. North Eurasian Trade in World History, 1660–1860 will be invaluable reading for students and scholars interested in world history, East European history, and the history of international relations and trade.

This is the first study to analyse the relationship between England and Sweden across the entire seventeenth century. It emphasises the importance of commerce and diplomacy working in tandem. The book contains five chapters arranged chronologically, all based on original and innovative archival research, and traces the economic aspects of the relationship in both a qualitative and quantitative context. It draws upon a number of unique incidents to detail the variety and extent of commercial and diplomatic connections that became of primary importance for the welfare and success of both nations over the century.