Lec20_Finance of Business

Lec20_Finance of Business - European Economic History The...

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5/10/10 European Economic History The Finance of Business March 15, 2010 C. Shiue
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5/10/10 Patterns of British Overseas Exports and national output 1700-1801 Ratio of exports to national output (current prices) 1700 8.4 % 1760 14.6 % 1780 9.4 %
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5/10/10 Composition of British exports Manufacturers % Food % Raw materials % 1699-1701 (peace) 80.8 % 11 % 8.2% 1752-4 (peace) 75.4 % 16.8 % 7.7% 1800 (war) 87.2% 7.7 % 5 %
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5/10/10 Composition of manufactured 1699-1701 1752-4 1800 woolens 85 % 61.9 22.1 2.2 5.8 4.9 Cottons .6 1.3 35.4 Metalwares 3.2 9.2 15.2
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5/10/10 Destination of English exports Europe % Americas % Rest of World% 1700-1 85.3 10.3 4.4 ==100 1750-1 77 15.6 7.4 1772-3 49.2 37.3 13.5 1797-8 30.1 57.4 12.5
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5/10/10 How was trade over long-distances carried out? Regulated Co. vs. Join Regulated companies – merchants pay an entry fee for membership to the company. Each merchants operated independently the company provided a set of services eg. Merchant adventurers (exporters to Netherlands, Germany), the Levant (Venice and the east) and Eastland
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Lec20_Finance of Business - European Economic History The...

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