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4 - The Merchant House

from Part II - The Lineaments of Racial Capitalism

Published online by Cambridge University Press:  11 January 2024

Catherine Hall
Affiliation:
University College London
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Summary

Making money from plantations meant engaging in the circuit of West India trade regulated through a mercantilist system that protected the interests of the ‘mother country’. Long needed to demonstrate to his metropolitan readership that Jamaica brought great wealth to Britain and that the production of sugar depended on slavery. The circuit of the West India trade connected England, West Africa and the Caribbean through a complex set of relations, at the heart of which sat the merchant house. Long’s Uncle Beeston headed the West India house of Drake and Long in the City of London and Long was well aware of the centrality of merchants and the use of bills of exchange to facilitate the sugar and slavery business. Given the increasing criticism of the conditions of the slave trade by the early 1770s, he attempted to sanitize it. The merchants used legers, accounting and numeracy to distance themselves from the realities of slavery. They controlled the system of credit and debt on which this mercantile capitalist formation depended.

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Lucky Valley
Edward Long and the History of Racial Capitalism
, pp. 156 - 201
Publisher: Cambridge University Press
Print publication year: 2024

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  • The Merchant House
  • Catherine Hall, University College London
  • Book: Lucky Valley
  • Online publication: 11 January 2024
  • Chapter DOI: https://doi.org/10.1017/9781009106399.005
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  • The Merchant House
  • Catherine Hall, University College London
  • Book: Lucky Valley
  • Online publication: 11 January 2024
  • Chapter DOI: https://doi.org/10.1017/9781009106399.005
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.

  • The Merchant House
  • Catherine Hall, University College London
  • Book: Lucky Valley
  • Online publication: 11 January 2024
  • Chapter DOI: https://doi.org/10.1017/9781009106399.005
Available formats
×