Chapter 8. Insuring against risk: analysis of insurance policies and the perception of risk in Atlantic world trade

2020 ◽  
pp. 205-255
2014 ◽  
Vol 52 (3) ◽  
pp. 873-875

Explores the ways in which merchants of the Spanish Atlantic world sought to deal with the endemic risks and uncertainties of long-distance commerce from 1760–1820. Discusses staying informed—the risks of poor information in Atlantic world trade; the institutions of trade and the reduction of market risk—the convoy system; comercio libre and the rise of commercial risk; the rising demand for credit and the escalation of risk in the post-1778 era; trade in war and peace; underwriting risk—the structure and organization of insurance partnerships in late eighteenth-century Cadiz; insuring against risk—analysis of insurance policies and the perception of risk in Atlantic world trade; and war and commercial crisis—the profitability of the Cadiz insurance industry in the 1790s. Baskes is Professor of History and Director of Latin American Studies at Ohio Wesleyan University.


2014 ◽  
Vol 15 (4) ◽  
pp. 687-721
Author(s):  
Emily Buchnea

In the early modern Atlantic world, trade brought communities and commodities closer together and, as a result, many merchants became linked in expansive networks of exchange. The unstable nature of long-distance trade meant that these networks were continually being transformed. The Liverpool–New York trade network, in particular, underwent many changes between 1763 and 1833. The article aims to demonstrate how the use of network visualizations over three distinct phases (1760–1790, 1790–1815, and 1815–1833) can elucidate these changes and provide a different approach for studying the development of this trading community. These visualizations will serve to illustrate the extent to which this network was dynamic and further our understanding of how merchant networks sustained longevity and coped with risks in the ever-changing Atlantic world.


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