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The Eighteenth-Century Commercial Revolution in Accumulation

In: World Accumulation 1492–1789

Author

Listed:
  • Andre Gunder Frank

Abstract

International trade expanded significantly and rapidly during the eighteenth century. Moreover, it changed in direction, composition, and structure. The slave trade and the triangular trade between Europe, Africa, and the Americas assumed particular importance; and the oriental trade underwent qualitative changes twice during the century. This international trade and the high profits derived from it made an important contribution to the process of capital accumulation in northwestern Europe, particularly England, and northeastern America; and the rapid growth of manufacturing exports significantly facilitated and furthered the development of industry and the Industrial Revolution. Trade and war were intimately—and reciprocally—related to each other and to the process of capital accumulation and economic development as a whole. These aspects of international trade in the eighteenth century may be examined in turn.

Suggested Citation

  • Andre Gunder Frank, 1978. "The Eighteenth-Century Commercial Revolution in Accumulation," Palgrave Macmillan Books, in: World Accumulation 1492–1789, chapter 0, pages 213-237, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-15998-7_6
    DOI: 10.1007/978-1-349-15998-7_6
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