Chapter

Trading in Crisis

Geoffrey Jones

in Merchants to Multinationals

Published in print March 2002 | ISBN: 9780199249992
Published online November 2003 | e-ISBN: 9780191596483 | DOI: http://dx.doi.org/10.1093/0199249997.003.0004
 Trading in Crisis

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This chapter examines the revival of British trading companies between 1914 and 1945 in the face of the recession, including the Great Depression, the collapse of primary commodity prices, the disruption of trade caused by import substitution and world wars. There was a loss of entrepreneurial vigour, but some continued geographical and product diversification. The survival of British trading companies rested on robust organizational structures and management systems, family ownership, collusive cartels, and imperial protection.

Keywords: collusion; commodity prices; diversification; family ownership; Great Depression; imperial protection; import substitution; organizational structure; world wars

Chapter.  15129 words.  Illustrated.

Subjects: Economic History

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