Article ID: CBB773230565

Examining the Role of a Private-Order Institution in Global Trade: The Liverpool Cotton Brokers' Association and the Crowning of King Cotton, 1811–1900 (2021)

unapi

In the nineteenth century, the Liverpool Cotton Brokers' Association (CBA) coordinated the dramatic growth of Liverpool's raw cotton market. This article shows how the CBA achieved this through the development of a private-order institutional framework that improved information flows, introduced standardization and contracting regimes, and regulated market exchange platforms. These developments corresponded with significantly improved market coordination, which facilitated the growth of the largest raw cotton market in the world. The article's findings demonstrate and quantify the importance of nonstate actors in creating institutions of global exchange central to the first wave of globalization.

...More
Citation URI
https://data.isiscb.org/isis/citation/CBB773230565/

Similar Citations

Article Saxonhouse, Gary R.; Wright, Gavin; (2010)
National Leadership and Competing Technological Paradigms: The Globalization of Cotton Spinning, 1878--1933 (/isis/citation/CBB001200209/)

Article Niall G. MacKenzie; (Winter 2018)
Creating Market Failure: Business-Government Relations in the British Paper-Pulp Industry, 1950–1980 (/isis/citation/CBB255930628/)

Book Michael R. Cohen; (2017)
Cotton Capitalists: American Jewish Entrepreneurship in the Reconstruction Era (/isis/citation/CBB528649315/)

Article Catherine Casson; Mark Dodgson; (Summer 2019)
Designing for Innovation: Cooperation and Competition in English Cotton, Silk, and Pottery Firms, 1750–1860 (/isis/citation/CBB799382467/)

Article Stephanie Decker; (Winter 2018)
Africanization in British Multinationals in Ghana and Nigeria, 1945–1970 (/isis/citation/CBB634924349/)

Article Michael Mayer; Julia Hautz; Christian Stadler; Richard Whittington; (Summer 2017)
Diversification and Internationalization in the European Single Market: The British Exception (/isis/citation/CBB056885812/)

Book Samuel (Samuel Evan) Milner; (2021)
Robbing Peter to pay Paul : Power, profits, and productivity in modern America (/isis/citation/CBB829024538/)

Article Sudev Sheth; (Autumn 2019)
Unconventional Histories of Capitalism -- Research Note (/isis/citation/CBB467140268/)

Book Ronan Bolton; (2022)
Making Energy Markets: The Origins of Electricity Liberalisation in Europe (/isis/citation/CBB957217806/)

Article Mircea Raianu; (Autumn 2020)
Trade, Finance, and Industry in the Development of Indian Capitalism: The Case of Tata (/isis/citation/CBB633976079/)

Article Laurence F. Gross; (1988)
Building on Success: Lowell Mill Construction and Its Results (/isis/citation/CBB637480555/)

Book Meena Menon; (2018)
A Frayed History: The Journey of Cotton in India (/isis/citation/CBB126064394/)

Article Teresa da Silva Lopes; Andrea Lluch; Gaspar Martins Pereira; (Summer 2020)
The Changing and Flexible Nature of Imitation and Adulteration: The Case of the Global Wine Industry, 1850–1914 (/isis/citation/CBB978234274/)

Article Nicholas Alexander; Anne Marie Doherty; (Summer 2017)
The Origins of American International Retailing: Tiffany of New York in London and Paris, 1837–1914 (/isis/citation/CBB593327975/)

Book Robert Fitzgerald; (2015)
The Rise of the Global Company: Multinationals and the Making of the Modern World (/isis/citation/CBB118753532/)

Authors & Contributors
Albrecht, Peter
Choi, Eugene K.
Cohen, Michael R.
Donzé, Pierre-Yves
Gross, Laurence F.
Lopes, Teresa da Silva
Journals
Business History Review
Business and Economic History On-Line
Journal of Economic History
Technology and Culture
IA. The Journal of the Society for Industrial Archeology
Publishers
Cambridge University Press
Brill
New York University Press
Oxford University Press
Wallstein Verlag
Yale University Press
Concepts
Business history
Globalization; internationalization
Cotton and cotton industry
Markets
Textile industry
Corporations
Time Periods
20th century
19th century
18th century
20th century, early
20th century, late
21st century
Places
Great Britain
United States
India
Europe
Japan
Africa
Institutions
Tiffany and Company
European Community (EC)
Comments

Be the first to comment!

{{ comment.created_by.username }} on {{ comment.created_on | date:'medium' }}

Log in or register to comment