Making Mercantilism Work Zahedieh Summary

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Zahedieh, Nuala. “Making Mercantilism Work: London Merchants and Atlantic Trade in the Seventeenth Century.” Transactions of the Royal Historical Society vol. 9, no.6 (1999) 143-158. Nuala Zahedieh (Director of the Scottish Centre for Diaspora Studies) provides insight into the background of London merchants and their role in Atlantic trade in the seventeenth century in “ Making Mercantilism Work: London Merchants and Atlantic Trade in the Seventeenth Century.” Zahedieh’s argues that the examination of merchants provides historians with a better understanding of how merchants made mercantilism work and how they contributed to the expansion of Atlantic trade in the seventeenth century. Zahedieh’s main primary source is the London port books …show more content…
The colonial trade was vital to both mercantilism and England’s economic growth. English merchants instituted collective trading so they could enhance their success in negotiations, shipping, and securing a stable trade network. Zahedieh argues that a small group of merchants dominated the Atlantic trade, which proves that colonial trade had inherent inequalities. The merchants of 1686 were different from previous generations of London merchants as only one-thrid of the fifty-eight merchants Zahedieh examines were born in London. The remaining merchants were born in rural England or from overseas. A basic education was essential to the success of merchants and the growth of mercantilism. Apprenticeships contributed to the success of merchants and mercantilism by teaching aspiring merchants about the business aspect of their vocation. Zahedieh contends that apprenticeships were also vital to merchants as they gave merchants access to verified trade …show more content…
Her article is well written and her argument is clear. Her argument, furthermore, progress in a logical manner. The concepts in Zahedieh’s article gives a background of merchants, how merchants used their reputation to establish trade networks, and how kin and religious networks allowed merchants to gain trade partners which contributed to the growth of mercantilism. Zahedieh’s article and Rose’s “Mathematics and the Art of Navigation” argue that a basic education was essential for both mariners and merchants. Turnbull’s “Cartography in Early Modern Europe” and Zahedieh’s article argue that communication networks were important for the diffusion of information. Benton’s “Legal Spaces of Empire” and Zahedieh’s article both contend that the enforcement of laws and regulations were vital to the expansion of Great Britian. Both Leeson’s The Invisible Hook and Zahedieh argue that monetary motives were instrumental to seventeenth-century maritime activity. Leeson and Zahedieh diverge as Lesson focuses on the economics of piracy while Zahiedieh’s article provides insight into how the background of merchants triggered the growth of mercantilism. Both Zahedieh and The Atlantic World discuss the expansion of mercantilism. The Atlantic World, however, focuses on the growth of merchant capitalism while Zahedieh centers

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