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The Culture of Credit in Eighteenth-Century Commerce: The English Textile Industry

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  • Smail, John

Abstract

In this article, I seek to expand the relatively narrow focus of most work on commercial credit in eighteenth-century England by incorporating culture into an economic analysis. I argue that the various credit regimes that operated in the regional branches of the English wool textile industry are best understood as having a cultural dimension. A comparative analysis of business strategies in these regions suggests that the different cultures of credit had important implications for the development of the textile industry during the eighteenth century, shaping the character of the entrepreneurship of each region's merchants and producers.

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  • Smail, John, 2003. "The Culture of Credit in Eighteenth-Century Commerce: The English Textile Industry," Enterprise & Society, Cambridge University Press, vol. 4(2), pages 299-325, June.
    • Handle: RePEc:cup:entsoc:v:4:y:2003:i:02:p:299-325_01
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    Cited by:

    1. Manuel Llorca-Jaña, 2015. "Huth & Co.’s credit strategies: a global merchant-banker’s risk management, c. 1810-1850," Estudios de Economia, University of Chile, Department of Economics, vol. 42(2 Year 20), pages 17-43, December.
    2. Lipartito, Kenneth, 2011. "The narrative and the algorithm: Genres of credit reporting from the nineteenth century to today," MPRA Paper 28142, University Library of Munich, Germany.
    3. Myles, Jamieson, 2022. "Trade Acceptances, Financial Reform, and the Culture of Commercial Credit, 1915-1920," Working Papers unige:164262, University of Geneva, Paul Bairoch Institute of Economic History.

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