Home » Nonfiction » Jeremy Baskes » Staying Afloat

June 15 , 2010

Staying Afloat

Risk and Uncertainty in Spanish Atlantic World Trade, 1760-1820


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.

Date release: July 17, 2013

Nonfiction, History
Staying, Afloat, Jeremy, Baskes, download, Mobi, Microsoft Reader (LIT), Sony BookReader, DOCX

How to download book

Buy this book

You can buy this book now only for $62.99. This is the lowest price for this book.

Buy book

Download book free

If you want to download this book for free, please register, approve your account and get one book for free.


After that you may download book «Staying Afloat»:

Download Mobi:

Download Microsoft Reader (LIT):


Download Sony BookReader:


Download DOCX: