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Merchant Enterprise in Britain - From the Industrial Revolution to World War I (Hardcover, New)
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Merchant Enterprise in Britain - From the Industrial Revolution to World War I (Hardcover, New)
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Studies of the British Industrial Revolution and of the Victorian
period of economic and social development have until very recently
concentrated on British industries and industrial regions, while
commerce and finance, and particularly that of London, have been
substantially neglected. This has distorted our view of the process
of change because financial services and much trade continued to be
centred on the metropolis, and the south-east region never lost its
position at the top of the national league of wealth. This is a
pioneer survey of the mercantile sector of the economy from the end
of the eighteenth century to World War I. It complements Dr.
Chapman's The Rise of Merchant Banking (1984), concentrating on the
various ways in which British merchants responded to the
unprecedented opportunities of the Industrial Revolution and the
growth of the British Empire. The main conclusion is that
industrial entrepreneurs contributed only briefly to merchant
ventures, and that with limited success. Rather did the established
merchant community evolve its own new forms of enterprise to meet
the changing opportunities: the 'new frontier' merchant networks of
the Atlantic economy, the international houses in continental
trade, the agency houses in the Far East, and the home trade houses
dominating the domestic market. These resilient organisations
enabled the British merchant enterprise to survive longer and in
greater strength than in other Western economies.
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