During the long eighteenth century Britain faced varied trading environments and changing prospects in different parts of the world. Britain's traditional trading partners in western Europe became increasingly protectionist but new opportunities appeared elsewhere. Russia became a key trading partner. The Atlantic economy relied upon the growth of the American colonies and the labour provided by enslaved Africans in the West Indies. The Ottoman trade was valuable but involved fierce rivalry with France. The decline of the Mughal Empire created opportunities to exploit the vast wealth of India far beyond those available through simple trading relationships. Western powers also awoke to the huge potential of trade with China.
We will examine how British merchants used different commercial and financial strategies to adapt to different conditions in different markets. We will also look at the crucial role of support from the British state.
No prior knowledge is required but this course will be of particular interest to those curious about British and global economic history during this volatile period.