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The Resource Staying afloat : risk and uncertainty in Spanish Atlantic world trade, 1760-1820, Jeremy Baskes

Staying afloat : risk and uncertainty in Spanish Atlantic world trade, 1760-1820, Jeremy Baskes

Creator
Summary
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 --
Language
eng
Work
Publication
Extent
xiv, 393 pages
Contents
  • Introduction : risk and uncertainty
  • Staying informed : the risks of poor information in Atlantic world trade
  • The institutions of trade and the reduction of market risk : the convoy system
  • Comercio libre and the rise of commercial risk
  • The rising demand for credit and the escalation of risk in the post-1778 era
  • Trade in war and peace
  • Underwriting risk : the structure and organization of insurance partnerships in late eighteenth-century Cadiz
  • Insuring against risk : analysis of insurance policies and the perception of risk in Atlantic world trade
  • War and commercial crisis : the profitability of the Cadiz insurance industry in the 1790s
  • Conclusion : staying afloat
Isbn
9780804785426
Instance
Label
Staying afloat : risk and uncertainty in Spanish Atlantic world trade, 1760-1820
Title
Staying afloat
Title remainder
risk and uncertainty in Spanish Atlantic world trade, 1760-1820
Statement of responsibility
Jeremy Baskes
Creator
Subject
Language
eng
Summary
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 --
Member of
Assigning source
Provided by Publisher
Cataloging source
CSt/DLC
http://library.link/vocab/creatorDate
1961-
http://library.link/vocab/creatorName
Baskes, Jeremy
Dewey number
382.094601821
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
Series statement
Social science history
http://library.link/vocab/subjectName
  • Risk management
  • Merchant marine
  • Marine insurance
  • Spain
  • Spain
  • America
Label
Staying afloat : risk and uncertainty in Spanish Atlantic world trade, 1760-1820, Jeremy Baskes
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 283-379) and index
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Contents
Introduction : risk and uncertainty -- Staying informed : the risks of poor information in Atlantic world trade -- The institutions of trade and the reduction of market risk : the convoy system -- Comercio libre and the rise of commercial risk -- The rising demand for credit and the escalation of risk in the post-1778 era -- Trade in war and peace -- Underwriting risk : the structure and organization of insurance partnerships in late eighteenth-century Cadiz -- Insuring against risk : analysis of insurance policies and the perception of risk in Atlantic world trade -- War and commercial crisis : the profitability of the Cadiz insurance industry in the 1790s -- Conclusion : staying afloat
Control code
FIEb17490960
Dimensions
24 cm.
Extent
xiv, 393 pages
Isbn
9780804785426
Media category
unmediated
Media MARC source
rdamedia.
Other physical details
illustrations
System control number
(OCoLC)818953189
Label
Staying afloat : risk and uncertainty in Spanish Atlantic world trade, 1760-1820, Jeremy Baskes
Publication
Bibliography note
Includes bibliographical references (pages 283-379) and index
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Contents
Introduction : risk and uncertainty -- Staying informed : the risks of poor information in Atlantic world trade -- The institutions of trade and the reduction of market risk : the convoy system -- Comercio libre and the rise of commercial risk -- The rising demand for credit and the escalation of risk in the post-1778 era -- Trade in war and peace -- Underwriting risk : the structure and organization of insurance partnerships in late eighteenth-century Cadiz -- Insuring against risk : analysis of insurance policies and the perception of risk in Atlantic world trade -- War and commercial crisis : the profitability of the Cadiz insurance industry in the 1790s -- Conclusion : staying afloat
Control code
FIEb17490960
Dimensions
24 cm.
Extent
xiv, 393 pages
Isbn
9780804785426
Media category
unmediated
Media MARC source
rdamedia.
Other physical details
illustrations
System control number
(OCoLC)818953189

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