Skip to main content Accessibility help
×
Hostname: page-component-586b7cd67f-dlnhk Total loading time: 0 Render date: 2024-11-26T02:09:36.563Z Has data issue: false hasContentIssue false
This chapter is part of a book that is no longer available to purchase from Cambridge Core

Introduction: Merely for Money?

Sheryllynne Haggerty
Affiliation:
University of Nottingham
Get access

Summary

To Trade: To traffick, to deal, to hold commerce; to act merely for money; having a trading wind.

Thomas Sheridan's comment, insinuating that traders acted ‘merely for money’, encapsulates the premise of this book – or rather, the mirror of it. That is, this book argues that the business culture of the British Atlantic was one which was socially embedded and did not allow for pure profit maximising, at least in the short term – hence the question mark. In fact, Sheridan is more likely commenting on the idea that traders did not produce anything per se, but worked for profit from trade. Indeed, many merchants were successful in making money and were well respected for doing so. By the second half of the eighteenth century a merchant was someone who ‘trafficks to remote countries’, a man of ‘genius’, noble and independent, who employed the poor and encouraged the industrious. Their importance to the economic well being of the country led the political œconomist Malachy Postlethwayt to consider the merchant ‘the most useful Member of the Society in which he lives’. Contemporaries clearly held merchants in high regard. Importantly, they enjoyed this approbation because the business culture that facilitated their success was informed, framed and shaped by the wider social, economic, political and cultural milieu in which these merchants operated. Therefore, they were not atomised, profit-maximising, rational economic men. Through self-enforcing behavioural patterns as a community, which were internalized and emotionalized to a large extent, their business culture formed a private-order institution that facilitated trade around the Atlantic during the turbulent period 1750–1815.

Type
Chapter
Information
'Merely for Money'?
Business Culture in the British Atlantic, 1750–1815
, pp. 1 - 8
Publisher: Liverpool University Press
Print publication year: 2012

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×