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Clipper ship sailing card for the "Free Trade," printed by Nesbitt & Co., New York, early 1860s. Decline in the use of clippers started with the economic slump following the Panic of 1857 and continued with the gradual introduction of the steamship. Although clippers could be much faster than the early steamships, clippers were ultimately ...
Morris's shipping firm was just one of many such firms operating in Philadelphia, but Willing, Morris & Co. pursued several innovative strategies. The firm pooled with other shipping firms to insure vessels, aggressively expanded trade with India, and underwrote government projects through bonds and promissory notes. [12]
For example, although the British Merchant Navy totals 30.0 million GT and 40.7 million DWT in shipping, actual UK merchant navy interests worldwide consists of 59.4 million GT and 75.2 million DWT in shipping. [2] This largely includes the merchant navies of British Overseas Territories and UK merchant navy interests in former colonies.
We find reference to the law merchant as early as 13 Edw. 4 (1473/4): "'the king has jurisdiction over them [merchants] to put them to stand (estoyer) to right, etc., but this will be 'according to the laws of nature' (secundum legem naturae) which is called by some 'law merchant', which is universal law for everyone (tout le monde)."
Economic history of the Arab world addresses the history of economic activity in the Arabic-speaking countries and the stretching of Atlantic Ocean in the west to the Arabian Sea in the east, and from the Mediterranean Sea in the north to the Horn of Africa and the Indian Ocean in the southeast from the time of its origins in the Arabian peninsula and spread in the 7th century CE Muslim ...
2005 registration of merchant ships (1,000 gross tonnage (GT) and over) per country [2] A nation's shipping fleet (variously called merchant navy, merchant marine, or merchant fleet) consists of the ships operated by civilian crews to transport passengers or cargo from one place to another. Merchant shipping also includes water transport over ...
John Day, Money and finance in the age of merchant capitalism, 1999. J.L. van Zanden, The rise and decline of Holland's economy: merchant capitalism and the labour market, 1993. Joseph Calder Miller, Way of death : merchant capitalism and the Angolan slave trade 1730–1830 1988.
Trade changed in other respects also: shipping became more of a service industry, offering shipping services to merchants of other countries. Trade-related financial services shifted from direct financing to acceptance credit. [36] The herring fisheries were severely damaged by French privateers during the War of the Spanish Succession.