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Institutional-Legal Crisis and Commercial Transformation in the 18th Century: British Levant Company Merchants in the Balkans

Author

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  • U. Serdar Serdaroglu

    (Istanbul University, Faculty of Economics, Department of Economic History, Turkey)

Abstract

Since its foundation until the 18th century, the Levant Company passed through many phases. The decisions made by the Company in 1744 and 1753 changed its structure, procedure of membership and method of shipping, giving birth to a new institutional-organizational structure. Before these changes, the company was suffering under the institutional crises in the 18th century. The decision taken in 1744 and 1753 by the Company that liberalized the practice of shipping. As a result of this institutional transformation, the number of the members of the Company increased rapidly in the Balkans. Also, aforementioned institutional transformation caused the international trading enterprises of British merchants especially in the Balkan port cities. This paper has been written with the purpose of contributing to the existing general literature on the ‘Balkans Trade’ while at the same time being informed by recent advances in research based on Ottoman-British archival resources.

Suggested Citation

  • U. Serdar Serdaroglu, 2019. "Institutional-Legal Crisis and Commercial Transformation in the 18th Century: British Levant Company Merchants in the Balkans," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 4, pages 31-42, November.
    • Handle: RePEc:ceh:journl:y:2019:v:4:p:31-42
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    British Levant Company; Aegean Trade; Institutional Changes; Ottoman Empire; Merchants; Selanik (Thessaloniki); Izmir (Smyrna);
    All these keywords.

    JEL classification:

    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913
    • N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913
    • N93 - Economic History - - Regional and Urban History - - - Europe: Pre-1913

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