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Particular Points of Strength in Britain’s Overseas Trade

In: Decline and Recovery in Britain’s Overseas Trade, 1873–1914

Author

Listed:
  • D. C. M. Platt

Abstract

Peter Mathias was right to maintain that Britain’s extraordinary success in supplying services to the world has received far less attention than the problems she encountered in the export of manufactured goods. He was referring to the earnings of shipping, insurance, the financing of overseas trade, and international banking. This was true, Mathias explained, both for the new markets of Asia, Africa and Latin America, and for the traditional economies of Continental Europe where London’s discount and insurance services, firmly based, ‘stayed unchallenged throughout’.1 Contemporaneously Herr Dem-burg, a former Colonial Minister for the Kaiser, was as convinced as any Englishman of Britain’s tremendous power over the commerce and finance of the whole world, and of the magnitude of the annual tribute of securities and goods imported in payment for interest, freights, commissions, brokerage, insurance, warehouse fees, etc. The German money market (in 1911) was merely an annex of London.2

Suggested Citation

  • D. C. M. Platt, 1993. "Particular Points of Strength in Britain’s Overseas Trade," Palgrave Macmillan Books, in: Decline and Recovery in Britain’s Overseas Trade, 1873–1914, chapter 4, pages 65-76, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-10958-6_4
    DOI: 10.1007/978-1-349-10958-6_4
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