This book traces the origins of a financial institution, the modern corporation, in Genoa and reconstructs its diffusion in England, the Netherlands, and France. At its inception, the Casa di San Giorgio (1407–1805) was entrusted with managing the public debt in Genoa. Over time, it took on powers we now ascribe to banks and states, accruing financial characteristics and fiscal, political, and territorial powers. As one of the earliest central banks, it ruled territories and local populations for almost a century. It controlled strategic Genoese possessions near and far, including the island of Corsica, the city of Famagusta (in Cyprus), and trading posts in Crimea, the Black Sea, the Lunigiana in northern Tuscany, and various towns in Liguria. In the early sixteenth century, in his Florentine Histories (Book VIII, Chapter 29), Niccolò Machiavelli was the first to analyze the relationship between the Casa di San Giorgio’s financial and territorial powers, declaring its possession of territories as the basis of its ascendancy. Later, the founders of some of the earliest corporations, including the Dutch East India Company (1602), the Bank of England (1694), and John Law’s Mississippi Company (1720) in France, referenced the model of the Casa di San Giorgio.

Using cutting-edge theory regarding trade networks and diaspora, this study challenges the historiographical argument that the Sephardim, and indeed, a variety of religio-ethnic groups, achieved their commercial success by relying on geographically dispersed family members and fellow ethnics. The book’s findings challenge the reigning understanding that commercial success stemmed from endogamous business relationships and socio-cultural insularity. The book demonstrates that the most successful Sephardic merchants of early seventeenth century Amsterdam built their fortunes not thanks to familial or diasporic connections, but through “loose ties,” economic networks comprised of non-Sephardim. Focusing on three of the most prominent Sephardic merchants in Amsterdam, and a random sampling of other Sephardi merchants, the book reveals a multi-ethnic and multi-religious trade network of non-Jewish merchants.

Most scholars agree that during the sixteenth century, the centre of European international trade shifted from Antwerp to Amsterdam, presaging the economic rise of the Dutch Republic in the following century. Traditionally this shift has been accepted as the natural consequence of a dynamic and progressive city, such as Amsterdam, taking advantage of expanding commercial opportunities at the expense of a more conservative rival hampered by outmoded medieval practices. Yet, whilst this theory is widely accepted, is it accurate? In this groundbreaking study, Clé Lesger argues that the shift of commercial power from Antwerp to Amsterdam was by no means inevitable, and that the highly specialized economy of the Low Countries was more than capable of adapting to the changing needs of international trade. It was only when the Dutch Revolt and military campaigns literally divided the Low Countries into separate states that the existing stable spatial economy and port system fell apart, and a restructuring was needed. Within this process of restructuring the port of Amsterdam acquired a function radically different to the one it had prior to the division of the Netherlands. Before the Revolt it had served as the northern outport in a gateway system centred on Antwerp, but with access of that port now denied to the new republic, Amsterdam developed as the main centre for Dutch shipping, trade and - crucially - the exchange of information. Drawing on a wide variety of neglected archival collections (including those of the Bank of Amsterdam), this study not only addresses specific historical questions concerning the commercial life of the Low Countries, but through the case study of Amsterdam, also explores wider issues of early modern European commercial trade and economic development.

In British shipping in the Mediterranean Katerina Galani investigates the impact of the French and Napoleonic wars on British maritime economic activity. Due to the close cooperation of the public and private sector at sea, the British adopted flexible business strategies to mitigate economic warfare and sustain shipping and trade in the Mediterranean. The book offers a comprehensive approach by combining the study of international relations, ports, ships, business organisation, deep-sea voyages and intra-Mediterranean navigation. Katerina Galani conceptualises the Mediterranean as an economic entity and she insightfully examines, for the first time, free traders along with the chartered Levant Company. Her analysis draws upon a unique collection of British and Mediterranean sources to construct a multifaceted view of British maritime activity.

Sixteenth-century Europe was powered by commerce. Whilst mercantile groups from many areas prospered, those from the Low Countries were particularly successful. This study, based on extensive archival research, charts the ascent of the merchants established around Antwerp.

This collective volume explores the ways merchants managed to connect different spaces all over the globe in the early modern period by organizing the movement of goods, capital, information and cultural objects between different commercial maritime systems in the Mediterranean and Atlantic basin. Merchants and Trade Networks in the Atlantic and the Mediterranean, 1550-1800 consists of four thematic blocs: theoretical considerations, the social composition of networks, connected spaces, networks between formal and informal exchange, as well as possible failures of ties. This edited volume features eleven contributions who deal with theoretical concepts such as social network analysis, globalization, social capital and trust. In addition, several chapters analyze the coexistence of mono-cultural and transnational networks, deal with network failure and shifting network geographies, and assess the impact of kinship for building up international networks between the Mediterranean and the Atlantic. This work evaluates the use of specific network types for building up connections across the Mediterranean and the Atlantic Basin stretching out to Central Europe, the Northern Sea and the Pacific. This book is of interest to those who study history of economics and maritime economics, as well as historians and scholars from other disciplines working on maritime shipping, port studies, migration, foreign mercantile communities, trade policies and mercantilism.