Commodity Market Integration, 1500–2000

Ronald Findlay and Kevin H. O'Rourke

in Globalization in Historical Perspective

Published by University of Chicago Press

Published in print August 2003 | ISBN: 9780226065984
Published online February 2013 | e-ISBN: 9780226065991 | DOI:
Commodity Market Integration, 1500–2000

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This chapter provides an introduction to what is known about trends in international commodity market integration during the second half of the second millennium. Throughout, the focus is on intercontinental trade, since it is the emergence of large-scale trade between the continents that has especially distinguished the centuries following the voyages of da Gama and Columbus. The chapter is organized as follows. Section 1.2 discusses world trade before 1500. Section 1.3 covers world trade from 1500–1780. Section 1.4 focuses on the impact of the French and Napoleonic Wars on trade. Sections 1.5 and 1.6 discuss world trade from 1815–1914 and 1914–2000, respectively, while Section 1.7 concludes. A commentary is also included at the end of the chapter.

Keywords: international commodity market; world trade; intercontinental trade; Napoleonic Wars

Chapter.  23080 words.  Illustrated.

Subjects: Economic History

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