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First published in 2010. Cotton was the first industrialized global trade. This four-volume reset edition charts the rise of British trade in cotton from the days of small-scale trading between the Middle East and India to the domination of British-led industrialized manufacture. Volume 2 Part II contains International Trade and the Politics of Consumption, 1690s-1730.
First published in 2010. Cotton was the first industrialized global trade. This four-volume reset edition charts the rise of British trade in cotton from the days of small-scale trading between the Middle East and India to the domination of British-led industrialized manufacture. Part contains ‘Early Years of Trade and British Response to Indian Cottons to the late 1600s’.
First published in 2010. Cotton was the first industrialized global trade. This four-volume reset edition charts the rise of British trade in cotton from the days of small-scale trading between the Middle East and India to the domination of British-led industrialized manufacture. Volume 3 Part III contains Establishing a British Cotton Trade, c. 1730-1815.
First published in 2010. Cotton was the first industrialized global trade. This four-volume reset edition charts the rise of British trade in cotton from the days of small-scale trading between the Middle East and India to the domination of British-led industrialized manufacture. Volume 4 Part III contains Establishing a British Cotton Trade, c. 1730-1815, continued.
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A landmark comparative history of Europe and China that examines why the Industrial Revolution emerged in the West The Great Divergence sheds light on one of the great questions of history: Why did sustained industrial growth begin in Northwest Europe? Historian Kenneth Pomeranz shows that as recently as 1750, life expectancy, consumption, and product and factor markets were comparable in Europe and East Asia. Moreover, key regions in China and Japan were no worse off ecologically than those in Western Europe, with each region facing corresponding shortages of land-intensive products. Pomeranz’s comparative lens reveals the two critical factors resulting in Europe's nineteenth-century divergence—the fortunate location of coal and access to trade with the New World. As East Asia’s economy stagnated, Europe narrowly escaped the same fate largely due to favorable resource stocks from underground and overseas. This Princeton Classics edition includes a preface from the author and makes a powerful historical work available to new readers.
Published in conjunction with an exhibition held at The Metropolitan Museum of Art, New York, Sept. 16, 2013-Jan. 5, 2014.
Develops a fresh non-Eurocentric analysis of the rise and development of the global economy in the last half-millennium.
In 1780 Richard Sheridan noted that merchants worked 'merely for money'. However, rather than being a criticism, this was recognition of the important commercial role that merchants played in the British empire at this time. Of course, merchants desired and often made profits, but they were strictly bound by commonly-understood socio-cultural norms which formed a private-order institution of a robust business culture. In order to elucidate this business culture, this book examines the themes of risk, trust, reputation, obligation, networks and crises to demonstrate how contemporary merchants perceived and dealt with one another and managed their businesses. Merchants were able to take risks and build trust, but concerns about reputation and fulfilling obligations constrained economic opportunism. By relating these themes to an array of primary sources from ports around the British-Atlantic world, this book provides a more nuanced understanding of business culture during this period. A theme which runs throughout the book is the mercantile community as a whole and its relationship with the state. This was an important element in the British business culture of this period, although this relationship came under stress towards the end of period, forming a crisis in itself. This book argues that the business culture of the British-Atlantic mercantile community not only facilitated the conduct of day-to-day business, but also helped it to cope with short-term crises and long-term changes. This facilitated the success of the British-Atlantic economy even within the context of changing geo-politics and an under-institutionalised environment. Not working 'merely for money' was a successful business model.