Download The Trading World of Asia and the English East India by K. N. Chaudhuri PDF
By K. N. Chaudhuri
The most contribution of the paintings is to provide a entire heritage of the English East India corporation through the century 1660-1760. It additionally examines the economic financial system of the Asian international locations within which the corporate traded and its political family members with Asian princes. eventually, it's a examine of commercial and monetary decision-making less than pre-modern stipulations. The ebook relies on an in depth research of the quantitative and qualitative fabric to be had within the Company's data. The data-processing of the quantitative facts and its next statistical research was once performed on a working laptop or computer, and the publication includes complete tables at the quantity and cost of the Company's exchange, costs of business items, and on financial and fiscal historical past. The huge scope of the ebook and its attention not just of the corporate yet of the economies during which it operated make it crucial analyzing for all eager about the industrial heritage of the interval, either one of Europe and Asia. The ideas utilized in analysing the unique info and their theoretical framework make it of methodological curiosity to monetary historians.
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Extra resources for The Trading World of Asia and the English East India Company: 1660-1760
Sample text
It also provided a means of evaluating and monitoring the accuracy of information. An observed discrepancy between two messages, purporting to describe an identical situation, was of course one way of keeping a check on the activities of the Company's servants, for failure in communication could arise equally well from objective inaccuracies as from deliberate distortion and suppression. In order to avoid such risks the Court of Directors had a second line of defence. 7 If the purpose of a continuous evaluation of information and its pyramidal structure was to relate it functionally to a decision-making process in terms of inputs emerging from operations, the next logical step was to derive the categories into which the information was to be differentiated.
However ineffectual the legislation was in achieving its actual objective, there was no doubt in the minds of the English economic writers of the period that the main cause of distress in the local weaving industry was to be found in the Indian imports of the East India Company. The fact that contemporaneous polemics on the alleged economic effects of the East India trade was apt to overlook was the long-term structural change taking place in English overseas trade. Justifying the Company's policy in 1697, Sir Josia Child confessed that the textile weavers in England were facing extraordinary hardship and he wished that some proper methods could be found to help them.
The merchants of Mokha or the great interior mart of Beit el-Fakih marked their stocks up or down on the news of the arrival and departure of European ships. Although the consumption of coffee in the Middle East far exceeded that of Europe, the speculative nature of the market in Mokha made it very sensitive to even marginal changes in demand. The dependence of Mokha on a single export commodity obviously imparted to the overseas trade of the port a special significance, and its fortunes were likely to be critically affected by the growth of European naval activities in the Red Sea.