Class notes for Tuesday September 1, 2009
Geographic context: the Atlantic World, and waterborne trade includes
oceangoing transport as well as major inland bodies of water including the
Mediterranean, the Black Sea and the Great Lakes.
Analytical context is the configuration of markets, the reasons for moving
goods from one place to another.
(Marco Polo and the Silk Road)
Trade stimulated technological developments in sail and navigation, as well
as territorial expansion and colonialism. (sugar islands, Dutch trading posts,
Spanish colonies, 1492-1519)
What happens in those places that become nodes of trade?
London, Marseilles, Liverpool – map)
Labor markets and commercial networks in port cities.
, which describes savings that container shipping offered over prior costs.
Those prior costs were all firms that were put out of business:
warehousing, freight forwarders, labor contractors.
Innovations in financial services were connected with inter-regional trade
and emerged in trading cities:
banking (Florence, 14
c), insurance (Venice,
Amsterdam), joint-stock companies configured to distribute and minimize
risk (c.1600, Dutch East India Co, British East India Co., The Virginia Co.,
all based on royal charters)
Origins of port cities in North America: