Article ID: CBB001550447

Seafarers and Shopkeepers: Credit in Eighteenth-Century Amsterdam (2014)

unapi

Economic development in preindustrial Europe largely relied on specialization and trade. The seafarers making shipping possible, however, faced inconvenient disruptions of income streams as they received most of their wages upon return only. While credit must consequently have played an important role in their daily lives, little is known about how it was used and secured. This paper analyzes lending by two shopkeepers to seafarers in eighteenth-century Amsterdam. It documents a large and formalized credit market and shows that a municipal official secured lending by withholding loan payments from seafarers' wages. Urban regulation thus helped solve frictions on credit markets.

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Authors & Contributors
Burnett, D. Graham
Pincus, Steven
Levy, Jonathan I.
Schabas, Margaret L.
Oliveira, Sérgio Luis Inácio de
Ferraz, Marcia Helena Mendes
Journals
Studies in History and Philosophy of Science
Circumscribere: International Journal for the History of Science
Annals of Science: The History of Science and Technology
History of Political Economy
Journal of the Economic and Social History of the Orient
Histoire & Mesure
Publishers
University of Chicago Press
Melville House
University of California, Los Angeles
Princeton University
Harvard University Press
MIT Press
Concepts
Economics
Money
Marketing techniques
Banks and banking
Economic history
Technology and economics
People
Hume, David
Locke, John
Ruysch, Frederick
Seba, Albertus
Smith, Adam
Lilly, Eli
Time Periods
18th century
17th century
20th century
19th century
21st century
20th century, early
Places
United States
Great Britain
Amsterdam (Netherlands)
France
England
Netherlands
Institutions
American Patent Agency
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