Staying Afloat: Risk and Uncertainty in Spanish Atlantic World Trade, 1760-1820
Language: English
Published by Stanford University Press, 2013
- Hardcover
- New
Seller: Kennys Bookstore, Olney, MD, U.S.A.Kennys Bookstore
AbeBooks seller since October 9, 2009
Condition: New
£ 110.63
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Add to basketItem description from seller
This book examines the enormous riskiness of transatlantic trade in 18th century Spain and argues that many of the long-condemned commercial practices were vital accommodations to pervasive risk and uncertainty. Series: Social Science History. Num Pages: 408 pages, illustrations. BIC Classification: HBJD; HBLL; HBTQ; KCLT. Category: (G) General (US: Trade). Dimension: 5817 x 3887 x 27. Weight in Grams: 662. . 2013. Hardcover. . . . . Books ship from the US and Ireland.
Seller Inventory # V9780804785426
- Title
- Staying Afloat: Risk and Uncertainty in Spanish Atlantic World Trade, 1760-1820
- Author
- Jeremy Baskes
- Publisher
- Stanford University Press
- Publication year
- 2013
- Condition
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0804785422
- ISBN 13
- 9780804785426
- Series
- Book 13 of 16: Social Science History
Early modern, long-distance trade was fraught with risk and uncertainty, driving merchants to seek means (that is, institutions) to reduce them. In the traditional historiography on Spanish colonial trade, the role of risk is largely ignored. Instead, the guild merchants are depicted as anti-competitive monopolists who manipulated markets and exploited colonial consumers. Jeremy Baskes argues that much of the commercial behavior interpreted by modern historians as predatory was instead designed to reduce the uncertainty and risk of Atlantic world trade.
This book discusses topics from the development and use of maritime insurance in eighteenth- century Spain to the commercial strategies of Spanish merchants; the traditionally misunderstood effects of the 1778 promulgation of "comercio libre," and the financial chaos and bankruptcies that ensued; the economic rationale for the Spanish flotillas; and the impact of war and privateering on commerce and business decisions. By elevating risk to the center of focus, this multifaceted study makes a number of revisionist contributions to the late colonial economic history of the Spanish empire.
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Kennys Bookstore
Olney, MD, U.S.A.
AbeBooks seller since October 9, 2009
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